The Market Yesterday
EGP / USD CBE market average: Buy 17.6030 | Sell 17.7030
EGP / USD at CIB: Buy 17.56 | Sell 17.66
EGP / USD at NBE: Buy 17.58 | Sell 17.68
EGX30 (Wednesday): 15,037 (+2.2%)
Turnover: EGP 1.1 bn (2% BELOW the 90-day average)
EGX 30 year-to-date: +0.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 2.2%. CIB, the index heaviest constituent closed up 1.8%. EGX30’s top performing constituents were EFG Hermes up 6.0%; SODIC up 5.6%, and Palm Hills up 4.8%. Yesterday’s worst performing stocks were Eastern Co down 0.4%; Telecom Egypt down 0.3%; and Amer Group closed flat. The market turnover was EGP 1.1 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +77.0 mn
Regional: Net Long | EGP +39.4 mn
Domestic: Net Short | EGP -116.4 mn
Retail: 58.9% of total trades | 52.3% of buyers | 65.6% of sellers
Institutions: 41.1% of total trades | 47.7% of buyers | 34.4% of sellers
Foreign: 17.6% of total | 21.0% of buyers | 14.1% of sellers
Regional: 14.3% of total | 16.1% of buyers | 12.5% of sellers
Domestic: 68.1% of total | 62.9% of buyers | 73.3% of sellers
WTI: USD 61.8 (-2.51%)
Brent: USD 65.52 (-2.0%)
Natural Gas (Nymex, futures prices) USD 2.7 MMBtu, (-2.25%, March 2018 contract)
Gold: USD 1,316.2 / troy ounce (-1.0%)
TASI: 7,417.17 (-0.66%) (YTD: +2.64%)
ADX: 4,595.69 (+1.21%) (YTD: +4.48%)
DFM: 3,353.98 (+0.83%) (YTD: -0.48%)
KSE Weighted Index: 409.5 (+0.56%) (YTD: +2.01%)
QE: 8,887.74 (+2.73%) (YTD: +4.27%)
MSM: 4,971.71 (-0.81%) (YTD: -2.5%)
BB: 1,336.38 (-0.16%) (YTD: +0.35%)