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Wednesday, 4 July 2018

The Market Yesterday

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EGP / USD CBE market average: Buy 17.83 | Sell 17.93
EGP / USD at CIB:
Buy 17.84 | Sell 17.94
EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Tuesday): 16,421 (+0.4%)
Turnover: EGP 871 mn (14% BELOW the 90-day average)
EGX 30 year-to-date: +9.3%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.4%. CIB, the index heaviest constituent ended up 0.6%. EGX30’s top performing constituents were Qalaa Holdings up 4.4%, Orascom Telecom Media & Technology up 4.2%, and Porto Group up 3.9%. Yesterday’s worst performing stocks were Heliopolis Housing down 1.3%, Orascom Construction down 0.9%, and ACC down 0.8%. The market turnover was EGP 871 mn, and local investors were the sole net buyers.

Foreigners: Net Short | EGP -58.4 mn
Regional: Net Short | EGP -18.1 mn
Domestic: Net Long | EGP +76.6 mn

Retail: 69.9% of total trades | 74.5% of buyers | 65.3% of sellers
Institutions: 30.1% of total trades | 25.5% of buyers | 34.7% of sellers

Foreign: 16.5% of total | 13.2% of buyers | 19.9% of sellers
Regional: 4.5% of total | 3.5% of buyers | 5.5% of sellers
Domestic: 79.0% of total | 83.4% of buyers | 74.6% of sellers

WTI: USD 74.61 (+0.63%)
Brent: USD 77.76 (+0.60%)

Natural Gas (Nymex, futures prices) USD 2.85 MMBtu, (-0.73%, August 2018 contract)
Gold: USD 1,255.70 / troy ounce (+0.18%)

TASI: 8,235.56 (-0.48%) (YTD: +13.97%)
ADX: 4,569.85 (-0.16%) (YTD: +3.90%)
DFM: 2,838.53 (+0.33%) (YTD: -15.77%)
KSE Premier Market: 5,000.90 (+1.51%)
QE: 9,188.16 (+0.50%) (YTD: +7.80%)
MSM: 4,536.06 (-0.44%) (YTD: -11.05%)
BB: 1,310.62 (+0.08%) (YTD: -1.58%)

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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