The Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95
EGP / USD at CIB: Buy 17.85 | Sell 17.95
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 15,186 (-1.9%)
Turnover: EGP 621 mn (33% below the 90-day average)
EGX 30 year-to-date: +1.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.9%. CIB, the index heaviest constituent ended down 1.3%. EGX30’s top performing constituents were Arab Cotton Ginning up 0.9%, Eastern Co up 0.6%, and Abu Dhabi Islamic Bank flat. Yesterday’s worst performing stocks were Egyptian Resorts down 7.7%, Kima down 7.6%, and Qalaa Holdings down 6.4%. The market turnover was EGP 621 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -1.1 mn
Regional: Net Short | EGP -11.1 mn
Domestic: Net Long | EGP +12.2 mn
Retail: 67.5% of total trades | 67.2% of buyers | 67.7% of sellers
Institutions: 32.5% of total trades | 32.8% of buyers | 32.3% of sellers
Foreign: 17.7% of total | 17.8% of buyers | 17.9% of sellers
Regional: 7.0% of total | 6.2% of buyers | 7.9% of sellers
Domestic: 75.2% of total | 76.2% of buyers | 74.2% of sellers
WTI: USD 69.7 (+0.25%)
Brent: USD 74.56 (+0.85%)
Natural Gas (Nymex, futures prices) USD 2.79 MMBtu, (+0.40%, August 2018 contract)
Gold: USD 1,242.40 / troy ounce (+0.11%)
TASI: 8,399.83 (-0.07%) (YTD: +16.24%)
ADX: 4,830.42 (+1.12%) (YTD: +9.82%)
DFM: 2,944.67 (+0.65%) (YTD: -12.62%)
KSE Premier Market: 5,355.28 (-0.19%)
QE: 9,613.78 (-0.05%) (YTD: +12.79%)
MSM: 4,405.34 (0.00%) (YTD: -13.61%)
BB: 1,362.87 (-0.35%) (YTD: +2.34%)