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Tuesday, 12 June 2018

The Market Yesterday

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Pharos Holding -

EGP / USD CBE market average: Buy 17.80 | Sell 17.90
Buy 17.78 | Sell 17.88
EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Monday): 15,921 (-1.4%)
Turnover: EGP 1 bn (91% BELOW the 90-day average)
EGX 30 year-to-date: +6.0%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 1.4%. CIB, the index heaviest constituent ended down 1.7%. EGX30’s top performing constituents were Abu Dhabi Islamic Bank up 1.7%, and Pioneers Holding up 1.6% and AMOC up 1.3%. Yesterday’s worst performing stocks were Egyptian Iron and Steel down 5.2%, Eastern Co down 4.3%, and Heliopolis Housing down 3.4%. The market turnover was EGP 1 bn, and foreign investors were the sole net buyers.

Foreigners: Net Long | EGP +63.3 mn
Regional: Net Short | EGP -10.4 mn
Domestic: Net Short | EGP -52.9 mn

Retail: 28.9% of total trades | 28.6% of buyers | 29.2% of sellers
Institutions: 71.1% of total trades | 71.4% of buyers | 70.8% of sellers

Foreign: 58.7% of total | 61.9% of buyers | 55.6% of sellers
Regional: 5.9% of total | 5.4% of buyers | 6.5% of sellers
Domestic: 35.3% of total | 32.7% of buyers | 38.0% of sellers

WTI: USD 66.12 (+0.03%)
Brent: USD 76.47 (+0.01%)

Natural Gas (Nymex, futures prices) USD 2.96 MMBtu, (+0.34%, July 2018 contract)
Gold: USD 1,302.20 / troy ounce (-0.07%)

TASI: 8,243.97 (-0.42%) (YTD: +14.08%)
ADX: 4,733.39 (+0.89%) (YTD: +7.62%)
DFM: 3,097.38 (+1.41%) (YTD: -8.09%)
KSE Premier Market: 4,754.33 (-0.62%)
QE: 9,203.32 (-0.23%) (YTD: +7.98%)
MSM: 4,602.78 (+0.03%) (YTD: -9.74%)
BB: 1,281.17 (+0.52%) (YTD: -3.80%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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