The Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93
EGP / USD at CIB: Buy 17.82 | Sell 17.92
EGP / USD at NBE: Buy 17.8 | Sell 17.9
EGX30 (Wednesday): 15,909 (-0.7%)
Turnover: EGP 833 mn (25% BELOW the 90-day average)
EGX 30 year-to-date: +5.9%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.7%. CIB, the index heaviest constituent ended up 1.2%. EGX30’s top performing constituents were Ezz Steel up 6.2%, and CIB up 1.2% and Telecom Egypt up 1.2%. Yesterday’s worst performing stocks were Egyptian Iron & Steel down 6.2%, Egyptian Resorts down 4.7%, and SODIC down 4.5%. The market turnover was EGP 833 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +79.3 mn
Regional: Net Short | EGP -6.4 mn
Domestic: Net Short | EGP -72.9 mn
Retail: 54.9% of total trades | 49.6% of buyers | 60.1% of sellers
Institutions: 45.1% of total trades | 50.4% of buyers | 39.9% of sellers
Foreign: 21.1% of total | 25.9% of buyers | 16.3% of sellers
Regional: 12.2% of total | 11.8% of buyers | 12.6% of sellers
Domestic: 66.7% of total | 62.3% of buyers | 71.1% of sellers
WTI: USD 64.98 (+0.39%)
Brent: USD 75.58 (+0.29%)
Natural Gas (Nymex, futures prices) USD 2.90 MMBtu, (+0.14%, July 2018 contract)
Gold: USD 1,300.80 / troy ounce (-0.05%)
TASI: 8,383.23 (-0.28%) (YTD: +16.01%)
ADX: 4,652.12 (+0.77%) (YTD: +5.77%)
DFM: 3,055.74 (+0.36%) (YTD: -9.33%)
KSE Premier Market: 4,758.51 (+0.7%)
QE: 9,327.77 (+0.19%) (YTD: +9.44%)
MSM: 4,580.34 (-0.26%) (YTD: -10.18%)
BB: 1,266.98 (-0.06%) (YTD: -4.86%)