The Market Yesterday
EGP / USD CBE market average: Buy 17.7115 | Sell 17.8100
EGP / USD at CIB: Buy 17.73 | Sell 17.83
EGP / USD at NBE: Buy 17.69 | Sell 17.79
EGX30 (Wednesday): 14,346 (-0.8%)
Turnover: EGP 1.2 bn (16% above the 90-day average)
EGX 30 year-to-date: +16.2%
THE MARKET ON WEDNESDAY: The EGX30 closed Wednesday’s session down 0.8%. CIB, the index heaviest constituent closed down 1.8%. EGX30’s top performing constituents were Domty up 3.8%; Telecom Egypt up 2.6%; and Ezz Steel up 1.1%. Yesterday’s worst performing stocks were ACC down 6.9%; Porto Group down 2.8%; and Orascom Telecom down 2.7%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -96.4 mn
Regional: Net Long | EGP +73.0 mn
Domestic: Net Long | EGP +23.4 mn
Retail: 57.8% of total trades | 57.0% of buyers | 58.5% of sellers
Institutions: 42.2% of total trades | 43.0% of buyers | 41.5% of sellers
Foreign: 26.3% of total | 22.1% of buyers | 30.4% of sellers
Regional: 13.2% of total | 16.4% of buyers | 10.1% of sellers
Domestic: 60.5% of total | 61.5% of buyers | 59.5% of sellers
WTI: USD 55.99 (-2.83%)
Brent: USD 61.26 (-2.55%)
Natural Gas (Nymex, futures prices) USD 2.91 MMBtu, (-0.27%, January 2018 contract)
Gold: USD 1,266.4 / troy ounce (+0.12%)
TASI: 7,026.06 (-0.58%) (YTD: -2.56%)
ADX: 4,310.94 (+1.11%) (YTD: -5.18%)
DFM: 3,394.51 (+0.02%) (YTD: -3.86%)
KSE Weighted Index: 393.97 (-0.73%) (YTD: +3.65%)
QE: 7,798.1 (-1.45%) (YTD: -25.28%)
MSM: 5,090.68 (-0.37%) (YTD: -11.97%)
BB: 1,264.95 (-0.58%) (YTD: +3.65%)