The Market Yesterday
EGP / USD CBE market average: Buy 17.67 | Sell 17.77
EGP / USD at CIB: Buy 17.66 | Sell 17.76
EGP / USD at NBE: Buy 17.62 | Sell 17.72
EGX30 (Tuesday): 17,814 (+1.7%)
Turnover: EGP 1.4 bn (21% ABOVE the 90-day average)
EGX 30 year-to-date: +18.6%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.7%. CIB, the index heaviest constituent ended up 2.1%. EGX30’s top performing constituents were Qalaa Holdings up 7.9%, Global Telecom up 6.5%, and Telecom Egypt up 5.5%. Tuesday’s worst performing stocks were Emaar Misr down 1.7%, Egypt Aluminum down 0.7%, and Orascom Construction down 0.7%. The market turnover was EGP1.4 bn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -72.7 mn
Regional: Net Long | EGP +87.4 mn
Domestic: Net Short | EGP -14.7 mn
Retail: 60.0% of total trades | 61.1% of buyers | 58.9% of sellers
Institutions: 40.0% of total trades | 38.9% of buyers | 41.1% of sellers
Foreign: 18.1% of total | 15.6% of buyers | 20.7% of sellers
Regional: 13.0% of total | 16.1% of buyers | 9.9% of sellers
Domestic: 68.9% of total | 68.3% of buyers | 69.4% of sellers
WTI: USD 69.98 (+1.33%)
Brent: USD 74.85 (-1.73%)
Natural Gas (Nymex, futures prices) USD 2.74 MMBtu, (+0.22%, June 2018 contract)
Gold: USD 1,316.30 / troy ounce (+0.20%)
TASI: 8,012.59 (-1.29%) (YTD: +10.88%)
ADX: 4,479.49 (-1.33%) (YTD: -1.84%)
DFM: 2,948.84 (-0.47%) (YTD: -12.50%)
KSE Premier Market: 4,785.82 (-0.2%)
QE: 8,870.16 (-1.26%) (YTD: +4.07%)
MSM: 4,691.37 (-0.43%) (YTD: -8.00%)
BB: 1,273.21 (-0.42%) (YTD: -4.39%)