The Market Yesterday
EGP / USD CBE market average: Buy 17.6058 | Sell 17.7058
EGP / USD at CIB: Buy 17.61 | Sell 17.71
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Tuesday): 17,493 (-1.1%)
Turnover: EGP 2.3 bn (99% ABOVE the 90-day average)
EGX 30 year-to-date: +16.5%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 1.1%. CIB, the index heaviest constituent ended down 0.4%. EGX30’s top performing constituents were TMG Holding up 6.7%, Kima up 3.3%, and Arab Cotton Ginning up 3.2%. Yesterday’s worst performing stocks Global Telecom down 14.7%, Qalaa Holdings down 4.5%, and AMOC down 4.3%. The market turnover was EGP 2.3 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +85.8 mn
Regional: Net Short | EGP -60.5 mn
Domestic: Net Short | EGP -25.3 mn
Retail: 68.1% of total trades | 72.4% of buyers | 63.8% of sellers
Institutions: 31.9% of total trades | 27.6% of buyers | 36.2% of sellers
Foreign: 11.8% of total | 13.6% of buyers | 9.9% of sellers
Regional: 12.0% of total | 10.7% of buyers | 13.3% of sellers
Domestic: 76.2% of total | 75.7% of buyers | 76.8% of sellers
WTI: USD 63.28 (-0.36%)
Brent: USD 67.88 (-0.35%)
Natural Gas (Nymex, futures prices) USD 2.71 MMBtu, (+0.48%, May 2018 contract)
Gold: USD 1,336.20 / troy ounce (-0.08%)
TASI: 7,799.77 (+0.21%) (YTD: +7.94%)
ADX: 4,585.21 (+0.08%) (YTD: +4.25%)
DFM: 3,100.39 (-0.21%) (YTD: -8.00%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 8,721.75 (-0.08%) (YTD: +2.33%)
MSM: 4,775.27 (+0.53%) (YTD: -6.35%)
BB: 1,290.58 (-0.31%) (YTD: -3.09%)