The Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.94
EGP / USD at CIB: Buy 17.83 | Sell 17.93
EGP / USD at NBE: Buy 17.80 | Sell 17.90
EGX30 (Tuesday): 16,002 (-2.3%)
Turnover: EGP 818 mn (27% BELOW the 90-day average)
EGX 30 year-to-date: +6.7%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 2.3%. CIB, the index heaviest constituent ended down 2.6%. EGX30’s top performing constituents were Orascom Construction up 0.6%, and Heliopolis Housing up 0.5% and Juhayna almost flat. Yesterday’s worst performing stocks were Egyptian Resorts down 4.5%, SODIC down 4.4%, and Global Telecom down 4.3%. The market turnover was EGP 818 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +35.9 mn
Regional: Net Short | EGP -0.1 mn
Domestic: Net Short | EGP -35.8 mn
Retail: 47.2% of total trades | 44.7% of buyers | 49.8% of sellers
Institutions: 52.8% of total trades | 55.3% of buyers | 50.2% of sellers
Foreign: 27.2% of total | 29.4% of buyers | 25.0% of sellers
Regional: 9.7% of total | 9.7% of buyers | 9.7% of sellers
Domestic: 63.1% of total | 60.9% of buyers | 65.3% of sellers
WTI: USD 65.68 (+0.24%)
Brent: USD 75.35 (-0.04%)
Natural Gas (Nymex, futures prices) USD 2.90 MMBtu, (+0.38%, July 2018 contract)
Gold: USD 1,302.00 / troy ounce (-0.02%)
TASI: 8,406.90 (+0.86%) (YTD: +16.34%)
ADX: 4,616.53 (+0.86%) (YTD: +4.96%)
DFM: 3,044.77 (+0.33%) (YTD: -9.65%)
KSE Premier Market: 4,725.39 (+0.11%)
QE: 9,310.51 (+2.12%) (YTD: +9.23%)
MSM: 4,592.16 (+0.16%) (YTD: -9.94%)
BB: 1,267.77 (+0.19%) (YTD: -4.80%)