The Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.74
EGP / USD at CIB: Buy 17.65 | Sell 17.75
EGP / USD at NBE: Buy 17.57 | Sell 17.67
EGX30 (WEDNESDAY): 17,706 (-0.5%)
Turnover: EGP 1.6 bn (39% ABOVE the 90-day average)
EGX 30 year-to-date: +17.9%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.5%. CIB, the index heaviest constituent ended up 0.6%. EGX30’s top performing constituents were GB Auto up 3.0%, Egypt Aluminum up 1.6%, and Telecom Egypt up 1.4%. Yesterday’s worst performing stocks were Pioneers Holding down 7.7%, Palm Hills down 3.3%, and Madinet Nasr Housing down 3.0%. The market turnover was EGP 1.6 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -20.6 mn
Regional: Net Long | EGP +10.7 mn
Domestic: Net Long | EGP +10.0 mn
Retail: 61.7% of total trades | 64.7% of buyers | 58.7% of sellers
Institutions: 38.3% of total trades | 35.3% of buyers | 41.3% of sellers
Foreign: 19.1% of total | 18.4% of buyers | 19.7% of sellers
Regional: 13.8% of total | 14.1% of buyers | 13.4% of sellers
Domestic: 67.2% of total | 67.5% of buyers | 66.9% of sellers
WTI: USD 68.81 (+0.50%)
Brent: USD 73.86 (+0.52%)
Natural Gas (Nymex, futures prices) USD 2.74 MMBtu, (+0.15%, May 2018 contract)
Gold: USD 1,352.80 / troy ounce (-0.05%)
TASI: 8,146.13 (+0.61%) (YTD: +12.73%)
ADX: 4,682.08 (-0.52%) (YTD: +6.45%)
DFM: 3,087.75 (-1.39%) (YTD: -8.38%)
KSE Premier Market: 4,777.70 (-0.1%)
QE: 9,055.02 (+1.08%) (YTD: +6.24%)
MSM: 4,751.95 (-0.37%) (YTD: -6.81%)
BB: 1,301.98 (0.00%) (YTD: -2.23%)