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Thursday, 7 December 2017

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

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%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594). Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2016 Enterprise Ventures LLC.