The Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.96
EGP / USD at CIB: Buy 17.86 | Sell 17.96
EGP / USD at NBE: Buy 17.77 | Sell 17.87
EGX30 (Wednesday): 16,663 (Almost Flat)
Turnover: EGP 684 mn (41% BELOW the 90-day average)
EGX 30 year-to-date: +10.9%
THE MARKET ON THURSDAY: The EGX30 ended Wednesday’s session almost flat. CIB, the index heaviest constituent ended up 0.1%. EGX30’s top performing constituents were Amer Group up 3.1%, Egyptian Iron & Steel up 2.9% and TMG Holding 2.2%. Yesterday’s worst performing stocks were Abu Dhabi Islamic Bank down 2.5%, Eastern Co down 1.6%, and Qalaa Holdings down 1.6%. The market turnover was EGP 684 mn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -9.2 mn
Regional: Net Long | EGP +20.8 mn
Domestic: Net Short | EGP -11.6 mn
Retail: 63.2% of total trades | 65.4% of buyers | 61.0% of sellers
Institutions: 36.8% of total trades | 34.6% of buyers | 39.0% of sellers
Foreign: 23.7% of total | 23.0% of buyers | 24.3% of sellers
Regional: 8.4% of total | 10.0% of buyers | 6.9% of sellers
Domestic: 67.9% of total | 67.0% of buyers | 68.7% of sellers
WTI: USD 71.83 (-0.01%)
Brent: USD 79.80 (+0.29%)
Natural Gas (Nymex, futures prices) USD 2.92 MMBtu, (+0.21%, June 2018 contract)
Gold: USD 1,298.90 / troy ounce (+0.32%)
TASI: 8,039.05 (-0.07%) (YTD: +11.25%)
ADX: 4,585.57 (+1.30%) (YTD: +4.25%)
DFM: 2,946.67 (-0.89%) (YTD: -12.56%)
KSE Premier Market: 4,718.45 (-0.72%)
QE: 8,999.92 (+0.07%) (YTD: +5.59%)
MSM: 4,556.70 (-0.49%) (YTD: -10.64%)
BB: 1,267.04 (+0.12%) (YTD: -4.86%)