The Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93
EGP / USD at CIB: Buy 17.83 | Sell 17.93
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 16,310 (-0.7%)
Turnover: EGP 711 mn (29% BELOW the 90-day average)
EGX 30 year-to-date: +8.6%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.7%. CIB, the index heaviest constituent ended down 0.2%. EGX30’s top performing constituents were Qalaa Holdings up 0.3%, ACC up 0.3%, and Abu Qir Fertilizers up 0.1%. Yesterday’s worst performing stocks were Amer Group down 3.1%, Elsewedy Electric down 2.0%, and Egyptian Iron & Steel down 1.9%. The market turnover was EGP 711 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -8.1 mn
Regional: Net Short | EGP -34.5 mn
Domestic: Net Long | EGP +42.6 mn
Retail: 75.5% of total trades | 76.5% of buyers | 74.5% of sellers
Institutions: 24.5% of total trades | 23.5% of buyers | 25.5% of sellers
Foreign: 7.8% of total | 7.3% of buyers | 8.4% of sellers
Regional: 7.0% of total | 4.6% of buyers | 9.5% of sellers
Domestic: 85.1% of total | 88.1% of buyers | 82.1% of sellers
WTI: USD 74.01 (-0.18%)
Brent: USD 78.00 (-0.31%)
Natural Gas (Nymex, futures prices) USD 2.84 MMBtu, (-1.11%, August 2018 contract)
Gold: USD 1,257.10 / troy ounce (+0.29%)
TASI: 8,247.39 (+0.14%) (YTD: +14.13%)
ADX: 4,593.90 (+0.53%) (YTD: +4.44%)
DFM: 2,861.16 (+0.80%) (YTD: -15.10%)
KSE Premier Market: 5,131.60 (+2.61%)
QE: 9,230.60 (+0.46%) (YTD: +8.30%)
MSM: 4,522.88 (-0.29%) (YTD: -11.30%)
BB: 1,322.45 (+0.90%) (YTD: -0.70%)