The Market Yesterday
EGP / USD CBE market average: Buy 17.63 | Sell 17.73
EGP / USD at CIB: Buy 17.6 | Sell 17.7
EGP / USD at NBE: Buy 17.63 | Sell 17.73
EGX30 (Wednesday): 15,042 (-1.8%)
Turnover: EGP 1.2 bn (7% ABOVE the 90-day average)
EGX 30 year-to-date: +0.2%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.8%. CIB, the index heaviest constituent closed down 2.6%. EGX30’s top performing constituents were AMOC up 1.7%; Eastern Co up 0.9%; and Telecom Egypt up 0.8%. Today’s worst performing stocks were Ezz Steel down 4.3%; Emaar Misr down 4.3%; and Orascom Telecom Media & Technology down 4.0%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +14.8 mn
Regional: Net Short | EGP -8.5 mn
Domestic: Net Short | EGP -6.3 mn
Retail: 62.3% of total trades | 65.6% of buyers | 59.1% of sellers
Institutions: 37.7% of total trades | 34.4% of buyers | 40.9% of sellers
Foreign: 19.9% of total | 20.6% of buyers | 19.3% of sellers
Regional: 11.1% of total | 10.7% of buyers | 11.5% of sellers
Domestic: 69.0% of total | 68.7% of buyers | 69.3% of sellers
WTI: USD 64.77 (+0.42%)
Brent: USD 69.05 (+0.04%)
Natural Gas (Nymex, futures prices) USD 2.97 MMBtu, (-7.07%, MAR 2018 contract)
Gold: USD 1,346.7 / troy ounce (+0.5%)
TASI: 7,650.12 (+0.25%) (YTD: +5.86%)
ADX: 4,602.23 (-0.79%) (YTD: +4.63%)
DFM: 3,394.36 (-1.32%) (YTD: +0.72%)
KSE Weighted Index: 411.98 (-0.68%) (YTD: +2.63%)
QE: 9,204.62 (-1.33%) (YTD: +7.99%)
MSM: 4,999.96 (-0.15%) (YTD: -1.95%)
BB: 1,350.67 (-0.12%) (YTD: +1.42%)