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Thursday, 1 March 2018

The Market Yesterday

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EGP / USD CBE market average: Buy 17.59 | Sell 17.69
EGP / USD at CIB:
Buy 17.58 | Sell 17.68
EGP / USD at NBE: Buy 17.56 | Sell 17.66

EGX30 (Wednesday): 15,473 (-0.3%)
Turnover: EGP 4.0 bn (244% ABOVE the 90-day average)
EGX 30 year-to-date: +3.0%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.3%. CIB, the index heaviest constituent closed down 1.1%. EGX30’s top performing constituents were EFG Hermes up 4.3%; Abu Dhabi Islamic Bank up 2.1%; and Eastern Co up 1.4%. Yesterday’s worst performing stocks Porto Group down 2.9%; Juhayna down 2.6%; and Emaar Misr down 2.1%. The market turnover was EGP 4.0 bn, and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -307.7 mn
Regional: Net Long | EGP +495.9 mn
Domestic: Net Short | EGP -188.2 mn

Retail: 19.7% of total trades | 19.8% of buyers | 19.6% of sellers
Institutions: 80.3% of total trades | 80.2% of buyers | 80.4% of sellers

Foreign: 50.1% of total | 46.2% of buyers | 54.0% of sellers
Regional: 21.7% of total | 28.0% of buyers | 15.4% of sellers
Domestic: 28.2% of total | 25.8% of buyers | 30.6% of sellers

WTI: USD 61.7 (-2.08%)
Brent: USD 65.78 (-1.28%)

Natural Gas (Nymex, futures prices) USD 2.67 MMBtu, (-0.34%, April 2018 contract)
Gold: USD 1,319.7 / troy ounce (+0.08%)

TASI: 7,418.8 (-0.63%) (YTD: +2.66%)
ADX: 4,597.66 (-0.03%) (YTD: +4.53%)
DFM: 3,244.12 (-1.29%) (YTD: -3.74%)
KSE Weighted Index: 413.98 (+0.26%) (YTD: +3.13%)
QE: 8,653.32 (-3.09%) (YTD: +1.52%)
MSM: 5,003.37 (+0.2%) (YTD: -1.88%)
BB: 1,369.9 (+0.3%) (YTD: +2.87%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. 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. © 2022 Enterprise Ventures LLC.

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