The Market Yesterday
EGP / USD CBE market average: Buy 17.69 | Sell 17.79
EGP / USD at CIB: Buy 17.7 | Sell 17.8
EGP / USD at NBE: Buy 17.66 | Sell 17.76
EGX30 (Wednesday): 17,460 (-2.0%)
Turnover: EGP 1.9 bn (63% ABOVE the 90-day average)
EGX 30 year-to-date: +16.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 2.0%. CIB, the index heaviest constituent ended down 1.4%. EGX30’s top performing constituents were Global Telecom up 5.3% and AMOC up 1.2%. Yesterday’s worst performing stocks were GB Auto down 7.9%, Porto Group down 5.3%, and Ezz Steel down 4.8%. The market turnover was EGP 1.9 bn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -20.7 mn
Regional: Net Long | EGP +71.9 mn
Domestic: Net Short | EGP -51.3 mn
Retail: 55.8% of total trades | 46.7% of buyers | 64.9% of sellers
Institutions: 44.2% of total trades | 53.3% of buyers | 35.1% of sellers
Foreign: 12.7% of total | 12.2% of buyers | 13.3% of sellers
Regional: 10.4% of total | 12.3% of buyers | 8.5% of sellers
Domestic: 76.9% of total | 75.5% of buyers | 78.2% of sellers
WTI: USD 71.24 (+0.14%)
Brent: USD 77.21 (+3.15%)
Natural Gas (Nymex, futures prices) USD 2.73 MMBtu, (-0.15%, June 2018 contract)
Gold: USD 1,313.10 / troy ounce (+0.01%)
TASI: 7,878.29 (-1.68%) (YTD: +9.02%)
ADX: 4,486.65 (+0.16%) (YTD: +2.01%)
DFM: 2,889.70 (-2.01%) (YTD: -14.25%)
KSE Premier Market: 4,789.63 (+0.08%)
QE: 8,824.26 (-0.52%) (YTD: +3.53%)
MSM: 4,676.49 (-0.32%) (YTD: -8.29%)
BB: 1,271.05 (-0.17%) (YTD: -4.56%)