The Market Yesterday
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 (Thursday): 16,125 (-1.1%)
Turnover: EGP 829 mn (17% below the 90-day average)
EGX 30 year-to-date: +7.4%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 1.1%. CIB, the index heaviest constituent ended down 1.3%. EGX30’s top performing constituents were Pioneers Holding up 4.9%, Telecom Egypt up 1.6%, and Orascom Construction up 0.7%. Thursday’s worst performing stocks were Heliopolis Housing down 4.5%, Palm Hills down 4.2%, and Porto Group down 3.7%. The market turnover was EGP 829 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -178.9 mn
Regional: Net Long | EGP +34.4 mn
Domestic: Net Long | EGP +144.5 mn
Retail: 45.7% of total trades | 49.7% of buyers | 41.7% of sellers
Institutions: 54.3% of total trades | 50.3% of buyers | 58.3% of sellers
Foreign: 19.6% of total | 12.0% of buyers | 27.2% of sellers
Regional: 6.7% of total | 8.2% of buyers | 5.3% of sellers
Domestic: 73.7% of total | 79.8% of buyers | 67.6% of sellers
WTI: USD 73.80 (+1.18%)
Brent: USD 77.11 (-0.36%)
Natural Gas (Nymex, futures prices) USD 2.86 MMBtu, (+0.74%, August 2018 contract)
Gold: USD 1,255.80 / troy ounce (-0.24%)
TASI: 8,177.61 (-0.85%) (YTD: +13.16%)
ADX: 4,603.20 (+0.20%) (YTD: +4.66%)
DFM: 2,880.42 (+0.67%) (YTD: -14.53%)
KSE Premier Market: 5,180.40 (+0.95%)
QE: 9,259.95 (+0.32%) (YTD: +8.64%)
MSM: 4,523.79 (+0.02%) (YTD: -11.29%)
BB: 1,330.82 (+0.63%) (YTD: -0.07%)