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Sunday, 26 August 2018

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 17.84 | Sell 17.94
EGP / USD at CIB: Buy 17.82 | Sell 17.92
EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Sunday): 15,273 (-0.2%)
Turnover: EGP 249 mn (71% BELOW the 90-day average)
EGX 30 year-to-date: +1.7%

THE MARKET ON SUNDAY: The EGX30 ended last Sunday’s session down 0.2%. CIB, the index’s heaviest constituent, closed the session off 0.6%. The EGX30’s top performing constituents were Orascom Construction (up 1.8%), TMG Holding (+1.6%), and Ezz Steel (+1.4%). Egyptian Iron and Steel (down 7.4%), Pioneers Holding (-1.6%) and Orascom Investment Holding (-1.5%) were the day’s worst performers. Market turnover was an abysmal EGP 249 mn as everyone was on vacation, and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -2.4 mn
Regional: Net Long| EGP +2.8 mn
Domestic: Net Short | EGP -0.5 mn

Retail: 81.3% of total trades | 80.2% of buyers | 82.4% of sellers
Institutions: 18.7% of total trades | 19.8% of buyers | 17.6% of sellers

Foreign: 7.8% of total | 7.4% of buyers | 8.3% of sellers
Regional: 4.8% of total | 5.4% of buyers | 4.2% of sellers
Domestic: 87.4% of total | 87.2% of buyers | 87.5% of sellers

WTI: USD 68.72 (+1.31%)
Brent: USD 75.82 (+1.46%)

Natural Gas (Nymex, futures prices) USD 2.92 MMBtu, (-1.59%, September 2018 contract)
Gold: USD 1,213.30 / troy ounce (+1.62%)

TASI: 7,867.16 (+0.02%) (YTD: +8.87%)
ADX: 4,884.92 (-0.45%) (YTD: +11.06%)
DFM: 2,815.79 (+0.44%) (YTD: -16.45%)
KSE Premier Market: 5,381.57 (+0.18%)
QE: 9,447.88 (-1.50%) (YTD: +10.85%)
MSM: 4,390.45 (+0.02%) (YTD: -13.94%)
BB: 1,347.98 (+0.04%) (YTD: +1.12%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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