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Wednesday, 11 April 2018

The Market Yesterday

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EGP / USD CBE market average: Buy 17.6272 | Sell 17.7272
EGP / USD at CIB:
Buy 17.63 | Sell 17.73
EGP / USD at NBE: Buy 17.57 | Sell 17.67

EGX30 (Tuesday): 17,697 (+1.7%)
Turnover: EGP 1.6 bn (39% ABOVE the 90-day average)
EGX 30 year-to-date: +17.8%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.7%. CIB, the index heaviest constituent ended up 2.0%. EGX30’s top performing constituents were GB Auto up 4.6%, AMOC up 4.6%, and Palm Hills up 3.9%. Yesterday’s worst performing stocks were TMG Holding down 2.6%, Arab Cotton Ginning down 0.9%, and Global Telecom down 0.6%. The market turnover was EGP 1.6 bn, and foreign investors were the sole net buyers.

Foreigners: Net Long | EGP +62.1 mn
Regional: Net Short | EGP -29.5 mn
Domestic: Net Short | EGP -32.6 mn

Retail: 56.4% of total trades | 52.8% of buyers | 59.9% of sellers
Institutions: 43.6% of total trades | 47.2% of buyers | 40.1% of sellers

Foreign: 28.4% of total | 30.4% of buyers | 26.4% of sellers
Regional: 14.3% of total | 13.4% of buyers | 15.2% of sellers
Domestic: 57.3% of total | 56.2% of buyers | 58.4% of sellers

WTI: USD 65.52 (+0.02%)
Brent: USD 70.94 (-0.14%)

Natural Gas (Nymex, futures prices) USD 2.67 MMBtu, (+0.34%, May 2018 contract)
Gold: USD 1,343.60 / troy ounce (-0.17%)

TASI: 7,951.42 (-0.30%) (YTD: +10.03%)
ADX: 4,711.38 (+1.00%) (YTD: +7.13%)
DFM: 3,089.80 (+0.25%) (YTD: -8.32%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 9,007.23 (+0.79%) (YTD: +5.68%)
MSM: 4,787.46 (-0.84%) (YTD: -6.11%)
BB: 1,287.96 (+0.04%) (YTD: -3.29%)

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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