The Market Yesterday
EGP / USD CBE market average: Buy 17.84 | Sell 17.94
EGP / USD at CIB: Buy 17.85 | Sell 17.95
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 15,579 (+1.0%)
Turnover: EGP 754 mn (21% below the 90-day average)
EGX 30 year-to-date: +3.7%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.0%. CIB, the index heaviest constituent ended up 0.7%. EGX30’s top performing constituents were Heliopolis Housing up 4.7%, Emaar Misr up 4.3%, and Porto Group up 4.2%. Yesterday’s worst performing stocks were Elsewedy Electric down 0.9%, Egyptian Iron & Steel down 0.3%, and Abu Dhabi Islamic Bank flat. The market turnover was EGP 754 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -52.2 mn
Regional: Net Long | EGP +10.7 mn
Domestic: Net Long | EGP +41.5 mn
Retail: 41.6% of total trades | 41.3% of buyers | 41.8% of sellers
Institutions: 58.4% of total trades | 58.7% of buyers | 58.2% of sellers
Foreign: 19.0% of total | 15.6% of buyers | 22.5% of sellers
Regional: 6.7% of total | 7.4% of buyers | 6.0% of sellers
Domestic: 74.3% of total | 77.0% of buyers | 71.5% of sellers
WTI: USD 68.84 (+0.12%)
Brent: USD 72.80 (-0.14%)
Natural Gas (Nymex, futures prices) USD 2.73 MMBtu, (+0.15%, August 2018 contract)
Gold: USD 1,224.40 / troy ounce (-0.29%)
TASI: 8,452.30 (-0.12%) (YTD: 16.97%)
ADX: 4,755.01 (+0.35%) (YTD: +8.11%)
DFM: 2,931.90 (+0.64%) (YTD: -13.00%)
KSE Premier Market: 5,345.40 (-0.01%)
QE: 9,447.76 (-0.02%) (YTD: +10.85%)
MSM: 4,457.12 (+0.33%) (YTD: -12.59%)
BB: 1,350.90 (-0.53%) (YTD: +1.44%)