The Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.96
EGP / USD at CIB: Buy 17.87 | Sell 17.97
EGP / USD at NBE: Buy 17.80 | Sell 17.90
EGX30 (Wednesday): 16,760 (-1.4%)
Turnover: EGP 969 mn (15% BELOW the 90-day average)
EGX 30 year-to-date: +11.6%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.4%. CIB, the index heaviest constituent ended down 0.9%. EGX30’s top performing constituents were AMOC up 1.5%, ACC up 1.4% and Eastern Co up 0.6%. Yesterday’s worst performing stocks were TMG Holding down 4.4%, Orascom Construction down 3.4%, and Porto Group down 3.3%. The market turnover was EGP 969 mn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +29.7 mn
Regional: Net Short | EGP -57.2 mn
Domestic: Net Long | EGP +27.5 mn
Retail: 45.5% of total trades | 50.0% of buyers | 41.1% of sellers
Institutions: 54.5% of total trades | 50.0% of buyers | 58.9% of sellers
Foreign: 34.2% of total | 35.8% of buyers | 32.7% of sellers
Regional: 12.4% of total | 9.5% of buyers | 15.4% of sellers
Domestic: 53.3% of total | 54.7% of buyers | 51.9% of sellers
WTI: USD 67.94 (-0.49%)
Brent: USD 77.25 (-0.32%)
Natural Gas (Nymex, futures prices) USD 2.89 MMBtu, (+0.17%, July 2018 contract)
Gold: USD 1,307.40 / troy ounce (+0.07%)
TASI: 8,009.55 (+0.12%) (YTD: +10.84%)
ADX: 4,557.03 (-0.40%) (YTD: +3.61%)
DFM: 2,909.28 (-0.54%) (YTD: -13.67%)
KSE Premier Market: 4,703.57 (-0.18%)
QE: 8,915.82 (-2.31%) (YTD: +4.60%)
MSM: 4,596.91 (-0.03%) (YTD: -9.85%)
BB: 1,260.74 (-0.17%) (YTD: -5.33%)