The Market Yesterday
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%)