The Market Yesterday
EGP / USD CBE market average: Buy 17.57 | Sell 17.66
EGP / USD at CIB: Buy 17.55 | Sell 17.65
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Wednesday): 16,882 (-0.6%)
Turnover: EGP 2.0 bn (74% ABOVE the 90-day average)
EGX 30 year-to-date: +12.4%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.6%. CIB, the index heaviest constituent ended down 0.8%. EGX30’s top performing constituents were Elsewedy Electric up 9.6%, Ezz Steel up 2.3%, and Abu Dhabi Islamic Bank up 0.8%. Yesterday’s worst performing stocks GB Auto down 5.0%, SODIC down 4.6%, and Madinet Nasr Housing 4.2%. The market turnover was EGP 2.0 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +89.0 mn
Regional: Net Short | EGP -40.8 mn
Domestic: Net Short | EGP -48.2 mn
Retail: 46.2% of total trades | 48.4% of buyers | 43.9% of sellers
Institutions: 53.8% of total trades | 51.6% of buyers | 56.1% of sellers
Foreign: 33.5% of total | 35.8% of buyers | 31.3% of sellers
Regional: 13.7% of total | 12.7% of buyers | 14.7% of sellers
Domestic: 52.8% of total | 51.6% of buyers | 54.0% of sellers
WTI: USD 61.02 (+0.10%)
Brent: USD 64.92 (+0.05%)
Natural Gas (Nymex, futures prices) USD 2.74 MMBtu, (+0.22%, April 2018 contract)
Gold: USD 1,326.90 / troy ounce (+0.10%)
TASI: 7,775.42 (-0.03%) (YTD: +7.60%)
ADX: 4,519.12 (-0.41%) (YTD: +2.74%)
DFM: 3,167.22 (+0.02%) (YTD: -6.02%)
KSE Weighted Index: 410.84 (+0.26%) (YTD: +2.35%)
QE: 8,750.32 (-0.58%) (YTD: +2.66%)
MSM: 4,894.60 (-0.11%) (YTD: -4.01%)
BB: 1,360.53 (-0.04%) (YTD: +2.16%)