The Market Yesterday
EGP / USD CBE market average: Buy 17.5929 | Sell 17.6929
EGP / USD at CIB: Buy 17.56 | Sell 17.66
EGP / USD at NBE: Buy 17.58 | Sell 17.68
EGX30 (Wednesday): 14,025 (-0.8%)
Turnover: EGP 1.1 bn (11% above the 90-day average)
EGX 30 year-to-date: +13.6%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.8%. CIB, the index heaviest constituent closed down 1.6%. EGX30’s top performing constituents were: AMOC up 3.4%; Abu Dhabi Islamic Bank up 2.8%; and Elsewedy Electric up 2.4%. Yesterday’s worst performing stocks were: Porto Group and Domty both closed down 2.7%; and Egyptian Iron & Steel down 2.3%. The market turnover was EGP 1.1 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -185.8 mn
Regional: Net Long | EGP +49.6 mn
Domestic: Net Long | EGP +136.2 mn
Retail: 66.2% of total trades | 71.7% of buyers | 60.8% of sellers
Institutions: 33.8% of total trades | 28.3% of buyers | 39.2% of sellers
Foreign: 20.9% of total | 12.4% of buyers | 29.3% of sellers
Regional: 9.4% of total | 11.7% of buyers | 7.2% of sellers
Domestic: 69.7% of total | 75.9% of buyers | 63.5% of sellers
WTI: USD 55.28 (-0.75%)
Brent: USD 61.85 (-0.58%)
Natural Gas (Nymex, futures prices) USD 3.08 MMBtu, (-0.71%, December 2017 contract)
Gold: USD 1,278.00 / troy ounce (-0.38%)
TASI: 6,912.35 (-0.96%) (YTD: -4.13%)
ADX: 4,337.09 (-4.6%) (YTD: -0.67%)
DFM: 3,467.56 (-0.61%) (YTD: -1.79%)
KSE Weighted Index: 402.26 (+0.6%) (YTD: +5.83%)
QE: 7,761.25 (-1.43%) (YTD: -25.64%)
MSM: 5,111.41 (-0.06%) (YTD: -11.61%)
BB: 1,265.08 (+0.41%) (YTD: +3.66%)