The Market Yesterday
EGP / USD CBE market average: Buy 17.80 | Sell 17.90
EGP / USD at CIB: Buy 17.77 | Sell 17.87
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 16,178 (+1.5%)
Turnover: EGP 812 mn (25% BELOW the 90-day average)
EGX 30 year-to-date: +7.7%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.5%. CIB, the index heaviest constituent ended up 1.2%. EGX30’s top performing constituents were Madinet Nasr Housing up 4.7%, Ezz Steel up 3.7% and Emaar Misr up 3.4%. Yesterday’s worst performing stocks were Egypt Aluminum down 3.7%, GB Auto down 0.9%, and ACC down 0.8%. The market turnover was EGP 812 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +120.4 mn
Regional: Net Short | EGP -8.2 mn
Domestic: Net Short | EGP -112.2 mn
Retail: 44.4% of total trades | 39.7% of buyers | 49.1% of sellers
Institutions: 55.6% of total trades | 60.3% of buyers | 50.9% of sellers
Foreign: 27.5% of total | 34.6% of buyers | 20.5% of sellers
Regional: 11.6% of total | 11.1% of buyers | 12.1% of sellers
Domestic: 60.9% of total | 54.3% of buyers | 67.4% of sellers
WTI: USD 66.66 (+0.03%)
Brent: USD 76.74 (+1.13%)
Natural Gas (Nymex, futures prices) USD 2.96 MMBtu, (-0.10%, July 2018 contract)
Gold: USD 1,303.10 / troy ounce (+0.14%)
TASI: 8,270.46 (+0.32%) (YTD: +14.45%)
ADX: 4,633.20 (-2.13%) (YTD: +5.34%)
DFM: 3,051.14 (-0.90%) (YTD: -9.46%)
KSE Premier Market: 4,809.97 (+0.61%)
QE: 9,080.24 (-0.88%) (YTD: +6.53%)
MSM: 4,596.05 (-0.05%) (YTD: -9.87%)
BB: 1,295.86 (+0.62%) (YTD: -2.69%)