The Market Yesterday
EGP / USD CBE market average: Buy 17.6300 | Sell 17.7300
EGP / USD at CIB: Buy 17.63 | Sell 17.73
EGP / USD at NBE: Buy 17.57 | Sell 17.67
EGX30 (Wednesday): 17,944 (+1.44%)
Turnover: EGP 3.6 bn (208% ABOVE the 90-day average)
EGX 30 year-to-date: +19.5%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.4%. CIB, the index heaviest constituent ended down 0.7%. EGX30’s top performing constituents were Madinet Nasr Housing up 12.6%, SODIC up 8.9%, and Palm Hills up 6.1%. Yesterday’s worst performing stocks were Amer Group down 4.9%, Kima down 4.9%, and Egyptian Iron & Steel down 2.9%. The market turnover was EGP 3.6 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +70.6 mn
Regional: Net Long | EGP +90.9 mn
Domestic: Net Short | EGP -161.5 mn
Retail: 43.2% of total trades | 41.9% of buyers | 44.6% of sellers
Institutions: 56.8% of total trades | 58.1% of buyers | 55.4% of sellers
Foreign: 45.6% of total | 46.6% of buyers | 44.6% of sellers
Regional: 10.4% of total | 11.6% of buyers | 9.2% of sellers
Domestic: 44.0% of total | 41.8% of buyers | 46.2% of sellers
WTI: USD 67.13 (+0.46%)
Brent: USD 72.28 (+0.31%)
Natural Gas (Nymex, futures prices) USD 2.67 MMBtu, (-0.19%, May 2018 contract)
Gold: USD 1,353.90 / troy ounce (-0.45%)
TASI: 7,802.74 (-1.87%) (YTD: +7.98%)
ADX: 4,689.74 (-0.47%) (YTD: +6.62%)
DFM: 3,132.97 (+1.40%) (YTD: -7.04%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 9,015.15 (+0.09%) (YTD: +5.77%)
MSM: 4,789.63 (+0.05%) (YTD: -6.07%)
BB: 1,288.82 (+0.07%) (YTD: -3.22%)