The EGX30 got slammed yesterday, retreating 2.7% on a volumes that were about 52% above the trailing 90-day average — and underperforming on the regional and global fronts. The selling pressure came in the way of foreign institutions, which looked as though they were locking in profits after a good run and a clear resistance point on the charts. We have more in The Market Yesterday, below, and as always expanded data coverage in our web edition.

The House of Representatives’ Transport Committee is expected to review the Egyptian National Railways’ USD 575 mn agreement with GE for the purchase of 100 new locomotives today. The committee is also waiting on the Ismail cabinet to send over legislative amendments that would allow the private sector to participate in the development, management, and operation of state rail assets.

Foreign Minister Sameh Shoukry landed in Slovenia yesterday for a two-day visit, where he’s set to hold cooperation talks with President Borut Pahor, Prime Minister Miro Cerar, and his counterpart Karl Erjavec, reports Ahram Gate.

The Financial Times’ annual global executive MBA ranking is out. The FT’s lead story on its package is here, and you can view the full rankings here. The top five are:

• Kellogg-HKUST EMBA (China)
• EMBA-Global Asia (China / UK / US)
• Tsinghua-Insead Dual Degree EMBA (China / Singapore / France / UAE)
• EMBA-Global Americas & Europe (US / UK)
• Trium Global EMBA (France / UK / US)

Credit Suisse is the target of an activist shareholder campaign that’s looking to unlock value for shareholders by breaking the lagging institution up into an investment bank that revives the old First Boston brand, an asset manager, and a wealth management group that also includes the bank’s retail and business banking operations, the Financial Times reports this morning. The campaign is being mounted by Rudi Bohli’s RBR Capital Advisors, which has successfully run activist campaigns “against GAM, the asset manager, and Gategroup, the airline catering company.” The story is the lead piece on the FT’s homepage as about 5am CLT this morning.

Your wifi connection is not secure — nobody’s is, and you’re going to be waiting a while for a solution. That’s the bottom line on a news story yesterday that suggests there is a vulnerability in the WPA2 protocol that lets hackers read data over secure wifi. Just about every wifi-connected device will be vulnerable until patches are pushed out. The Guardian and Reuters have the story.