The Market Yesterday
EGP / USD CBE market average: Buy 17.56 | Sell 17.66
EGP / USD at CIB: Buy 17.54 | Sell 17.64
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Tuesday): 16,989 (+1.5%)
Turnover: EGP 2.5 bn (116% ABOVE the 90-day average)
EGX 30 year-to-date: +13.1%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.5%. CIB, the index heaviest constituent ended up 1.1%. EGX30’s top performing constituents were Elsewedy Electric up 9.3%, Orascom Construction up 3.8%, and Abu Qir Fertilizers up 3.5%. Yesterday’s worst performing stocks Emaar Misr down 3.3%, Egyptian Aluminum down 2.3%, and Ezz Steel 1.4%. The market turnover was EGP 2.5 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +59.8 mn
Regional: Net Short | EGP -33.3 mn
Domestic: Net Short | EGP -26.6 mn
Retail: 51.8% of total trades | 51.2% of buyers | 52.3% of sellers
Institutions: 48.2% of total trades | 48.8% of buyers | 47.7% of sellers
Foreign: 27.0% of total | 28.2% of buyers | 25.9% of sellers
Regional: 12.8% of total | 12.1% of buyers | 13.4% of sellers
Domestic: 60.2% of total | 59.7% of buyers | 60.7% of sellers
WTI: USD 60.88 (+0.28%)
Brent: USD 64.64 (-0.48%)
Natural Gas (Nymex, futures prices) USD 2.79 MMBtu, (+0.07%, April 2018 contract)
Gold: USD 1,326.80 / troy ounce (-0.02%)
TASI: 7,778.05 (-0.04%) (YTD: +7.64%)
ADX: 4,537.65 (+0.08%) (YTD: +3.16%)
DFM: 3,166.43 (+0.03%) (YTD: -6.04%)
KSE Weighted Index: 409.76 (+0.06%) (YTD: +2.08%)
QE: 8,801.75 (+1.60%) (YTD: +3.27%)
MSM: 4,899.79 (+0.50%) (YTD: -3.91%)
BB: 1,361.10 (+0.58%) (YTD: +2.21%)