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Thursday, 2 June 2016

BY THE NUMBERS

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USD CBE auction (Tuesday, 31 May): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Tuesday, 31 May): 11.00 (compared with 11.00-11.04 on (Sunday, 30 May, Reuters)

EGX30 (Wednesday): 7,572.39 (+1.19%)
Turnover: EGP 547.2 mn (26% above the 90-day average)
EGX 30 year-to-date: +8.08%

THE MARKET ON WEDNESDAY: The EGX30 kicked off the session with broad-based buying appetite that strengthened as the day went on, leading the index to close up 1.2%. GB Auto was among today’s significant gainers along with Telecom Egypt and EFG Hermes. SODIC marked its first entry into the green territory since reporting a 54.4% y-o-y drop in its 1Q2016 net contracted sales figure. On the flip side, Oriental Weavers was among today’s biggest losers, dropping 2.0% on negligible volume. At a market turnover of EGP 547.2 mn, local investors were the sole net sellers. Regionally, Saudi Arabia’s TASI and Dubai’s DFM General Index both ended today’s session margin­ally in the green.

Foreigners:Net long | EGP +33.8 mn
Regional:Net long | EGP +3.2 mn
Domestic:Net short | EGP -37.0 mn

Retail: 56.1% of total trades | 53.1% of buyers | 59.1% of sellers
Institutions: 43.9% of total trades | 46.9% of buyers | 40.9% of sellers

Foreign: 26.8% of total | 29.9% of buyers | 23.7% of sellers
Regional: 5.1% of total | 5.4% of buyers | 4.8% of sellers
Domestic: 68.1% of total | 64.7% of buyers | 71.5% of sellers

WTI: USD 48.91 (+0.04%)
Brent: USD 49.68 (-0.02%)
Gold: USD 1,215.20 / troy ounce (-0.22%)
Nymex (futures prices) USD 2.38 MMBtu, (+4.39%, Jul 2016 contract)

TASI: 6,457.95 (+0.15%) (YTD: -6.57%)
ADX: 4,284.92 (+0.82%) (YTD: -0.52%)
DFM: 3,315.36 (+0.05%) (YTD: +5.22%)
KSE Weighted Index: 354.99 (-0.67%) (YTD: -7.00%)
QE: 9,572.32 (+0.35%) (YTD: -8.22%)
MSM: 5,820.26 (+0.16%) (YTD: +7.66%)
BB: 1,105.29 (-0.56%) (YTD: -9.10%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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