The Market Yesterday
EGP / USD CBE market average: Buy 17.6810 | Sell 17.7810
EGP / USD at CIB: Buy 17.66 | Sell 17.76
EGP / USD at NBE: Buy 17.63 | Sell 17.73
EGX30 (Tuesday): 14,537 (+2.2%)
Turnover: EGP 1.7 bn (69% above the 90-day average)
EGX 30 year-to-date: +17.8%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 2.2%. CIB, the index heaviest constituent ended up 2.8%. EGX30’s top performing constituents were Sodic and El Sewedy Electric both ended up 5.1%, and Ezz Steel up 4.6%. Yesterday’s worst performing stocks were Cairo Oils & Soap down 0.5%, Eastern Co, and Porto Group were both flat. The market turnover was EGP 1.7 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +195.2 mn
Regional: Net Short | EGP -40.3 mn
Domestic: Net Short | EGP -155.0 mn
Retail: 65.3% of total trades | 59.8% of buyers | 70.9% of sellers
Institutions: 34.7% of total trades | 40.2% of buyers | 29.1% of sellers
Foreign: 16.8% of total | 22.6% of buyers | 11.0% of sellers
Regional: 11.6% of total | 10.4% of buyers | 12.8% of sellers
Domestic: 71.6% of total | 67.0% of buyers | 76.2% of sellers
WTI: USD 57.71 (-0.48%)
Brent: USD 63.61 (-0.36%)
Natural Gas (Nymex, futures prices) USD 3.13 MMBtu, (unchanged from yesterday’s close, December 2017 contract)
Gold: USD 1,297.40 / troy ounce (-0.14%)
TASI: 6,967.35 (+0.41%) (YTD: -3.37%)
ADX: 4,295.12 (+0.48%) (YTD: -5.53%)
DFM: 3,428.75 (-0.46%) (YTD: -2.89%)
KSE Weighted Index: 397.61 (+0.28%) (YTD: +4.61%)
QE: 7,734.41 (-0.43%) (YTD: -25.89%)
MSM: 5,110.53 (+0.04%) (YTD: -11.62%)
BB: 1,276.18 (+0.49%) (YTD: +4.59%)