The Market Yesterday
EGP / USD CBE market average: Buy 17.63 | Sell 17.73
EGP / USD at CIB: Buy 17.61 | Sell 17.71
EGP / USD at NBE: Buy 17.62 | Sell 17.72
EGX30 (Wednesday): 13,839 (+0.8%)
Turnover: EGP 995 mn (on par with the 90-day average)
EGX 30 year-to-date: +12.1%
THE MARKET ON WEDNESDAY: The EGX30 closed Wednesday’s session up 0.8%. CIB, the index heaviest constituent closed flat. EGX30’s top performing constituents were: Eastern Co up 5.2%; Emaar Misr up 4.7%; and Egyptian Iron & Steel up 3.5%. Today’s worst performing stocks were: Porto Group down 2.8%; Cairo Oils & Soap down 0.7%; and Ezz Steel down 0.5%. The market turnover was EGP 995 mn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -12.6 mn
Regional: Net Long | EGP +13.1 mn
Domestic: Net Short | EGP -0.5 mn
Retail: 44.2% of total trades | 42.9% of buyers | 45.6% of sellers
Institutions: 55.8% of total trades | 57.1% of buyers | 54.4% of sellers
Foreign: 45.7% of total | 45.3% of buyers | 46.2% of sellers
Regional: 5.4% of total | 5.8% of buyers | 4.8% of sellers
Domestic: 48.9% of total | 48.9% of buyers | 49.0% of sellers
WTI: USD 57.99 (+2.04%)
Brent: USD 63.23 (+1.05%)
Natural Gas (Nymex, futures prices) USD 2.97 MMBtu, (-1.69%, DEC 2017 contract)
Gold: USD 1,292.1 / troy ounce (+0.81%)
TASI: 6,822.45 (+0.65%) (YTD: -5.38%)
ADX: 4,273.71 (-0.85%) (YTD: -6.0%)
DFM: 3,444.93 (+1.0%) (YTD: -2.43%)
KSE Weighted Index: 394.89 (+0.03%) (YTD: +3.89%)
QE: 7,798.39 (+0.38%) (YTD: -25.28%)
MSM: 5,078.03 (+0.02%) (YTD: -12.19%)
BB: 1,269.06 (+0.43%) (YTD: +3.98%)