The Market Yesterday
EGP / USD CBE market average: Buy 17.82 | Sell 17.92
EGP / USD at CIB: Buy 17.83 | Sell 17.93
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 15,863 (+0.6%)
Turnover: EGP 860 mn (2% below the 90-day average)
EGX 30 year-to-date: +5.6%
THE MARKET ON WEDNESDAY: The EG30 ended Wednesday’s session up 0.6%. CIB, the index heaviest constituent ended up 1.1%. EGX30’s top performing constituents were Egyptian Resorts up 3.6%, Juhayna up 3.6%, and Arab Cotton Ginning up 3.0%. Yesterday’s worst performing stocks were Eastern Co. down 2.5%, SODIC down 1.1%, and Telecom Egypt down 0.9%. The market turnover was EGP 860 mn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +7.7 mn
Regional: Net Short | EGP -14.3 mn
Domestic: Net Long | EGP +6.6 mn
Retail: 58.7% of total trades | 55.1% of buyers | 62.3% of sellers
Institutions: 41.3% of total trades | 44.9% of buyers | 37.7% of sellers
Foreign: 19.9% of total | 20.3% of buyers | 19.4% of sellers
Regional: 7.8% of total | 7.0% of buyers | 8.7% of sellers
Domestic: 72.3% of total | 72.7% of buyers | 71.9% of sellers
WTI: USD 67.09 (+0.22%)
Brent: USD 72.54 (+0.36%)
Natural Gas (Nymex, futures prices) USD 2.95 MMBtu, (-0.10%, September 2018 contract)
Gold: USD 1,223.10 / troy ounce (+0.17%)
TASI: 8,210.29 (-0.39%) (YTD: +13.62%)
ADX: 4,925.61 (+0.29%) (YTD: +11.99%)
DFM: 2,948.65 (-0.08%) (YTD: -12.50%)
KSE Premier Market: 5,466.26 (+0.15%)
QE: 9,961.55 (-0.12%) (YTD: +16.87%)
MSM: 4,435.720 (-0.27%) (YTD: -13.01%)
BB: 1,346.06 (-0.16%) (YTD: +1.08%)