The Market Yesterday
EGP / USD CBE market average: Buy 17.61 | Sell 17.71
EGP / USD at CIB: Buy 17.58 | Sell 17.68
EGP / USD at NBE: Buy 17.57 | Sell 17.67
EGX30 (Wednesday): 18,173 (-0.7%)
Turnover: EGP 1.4 bn (22% ABOVE the 90-day average)
EGX 30 year-to-date: +21.0%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.7%. CIB, the index heaviest constituent ended up 0.9%. EGX30’s top performing constituents were Orascom Construction up 5.2%, Egypt Aluminum up 4.7%, and Abu Dhabi Islamic Bank up 1.7%. Yesterday’s worst performing stocks were Heliopolis Housing down 4.0%, TMG Holding down 3.2%, and Global Telecom down 3.1%. The market turnover was EGP 1.4 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +31.6 mn
Regional: Net Long | EGP +34.3 mn
Domestic: Net Short | EGP -65.9 mn
Retail: 59.8% of total trades | 58.3% of buyers | 61.4% of sellers
Institutions: 40.2% of total trades | 41.7% of buyers | 38.6% of sellers
Foreign: 28.2% of total | 29.4% of buyers | 27.1% of sellers
Regional: 10.3% of total | 11.5% of buyers | 9.0% of sellers
Domestic: 61.5% of total | 59.1% of buyers | 63.8% of sellers
WTI: USD 67.92 (-0.01%)
Brent: USD 73.30 (-0.08%)
Natural Gas (Nymex, futures prices) USD 2.76 MMBtu, (+0.15%, June 2018 contract)
Gold: USD 1,310.40 / troy ounce (+0.37%)
TASI: 8,098.75 (-0.73%) (YTD: +12.7%)
ADX: 4,634.97 (-0.82%) (YTD: +5.38%)
DFM: 3,002.96 (-0.92%) (YTD: -10.89%)
KSE Premier Market: 4,778.38 (-0.06%)
QE: 8,953.40 (-0.68%) (YTD: +5.05%)
MSM: 4,730.83 (-0.01%) (YTD: -7.23%)
BB: 1,261.12 (+0.26%) (YTD: -5.30%)