The Market Yesterday
EGP / USD CBE market average: Buy 17.6476 | Sell 17.7476
EGP / USD at CIB: Buy 17.64 | Sell 17.74
EGP / USD at NBE: Buy 17.60 | Sell 17.70
EGX30 (Wednesday): 14,806 (+0.5%)
Turnover: EGP 1.0 bn (11% BELOW the 90-day average)
EGX 30 year-to-date: -1.4%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.5%. CIB, the index heaviest constituent closed up 0.6%. EGX30’s top performing constituents were EFG Hermes up 3.2%; Porto Group up 3.1%; and Global Telecom up 2.5%. Yesterday’s worst performing stocks were Egyptian Iron and Steel down 3.4%; Telecom Egypt down 2.2%; and GB Auto down 1.5%. The market turnover was EGP 1.0 bn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -7.3 mn
Regional: Net Long | EGP +36.6 mn
Domestic: Net Short | EGP -29.3 mn
Retail: 56.2% of total trades | 52.8% of buyers | 59.5% of sellers
Institutions: 43.8% of total trades | 47.2% of buyers | 40.5% of sellers
Foreign: 24.3% of total | 23.9% of buyers | 24.7% of sellers
Regional: 11.3% of total | 13.1% of buyers | 9.5% of sellers
Domestic: 64.4% of total | 62.9% of buyers | 65.8% of sellers
WTI: USD 60.80 (+2.72%)
Brent: USD 64.46 (+2.72%)
Natural Gas (Nymex, futures prices) USD 2.6 MMBtu, (+0.27%, March 2018 contract)
Gold: USD 1,357.3 / troy ounce (+2.02%)
TASI: 7,419.71 (+0.1%) (YTD: +2.68%)
ADX: 4,588.86 (-0.25%) (YTD: +4.33%)
DFM: 3,336.12 (-0.16%) (YTD: -1.01%)
KSE Weighted Index: 409.65 (+0.12%) (YTD: +2.05%)
QE: 9,060.67 (+0.81%) (YTD: +6.3%)
MSM: 5,005.87 (+0.04%) (YTD: -1.83%)
BB: 1,342.89 (-0.78%) (YTD: +0.8%)