The Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95
EGP / USD at CIB: Buy 17.86 | Sell 17.96
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 14,099 (-3.8%)
Turnover: EGP 967 mn (26% above the 90-day average)
EGX 30 year-to-date: -6.1%
THE MARKET ON WEDNESDAY: The EGX30 index ended Wednesday’s session down 3.8%. CIB, the index heaviest constituent ended down 2.3%. Yesterday’s worst performing stocks were Egyptian Iron and Steel down 9.3%, Emaar Misr down 9.0%, and Arab Cotton Ginning down 8.6%. The market turnover was EGP 967 mn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +55.8 mn
Regional: Net Long | EGP +55.9 mn
Domestic: Net Short | EGP -111.6 mn
Retail: 52.4% of total trades | 45.9% of buyers | 58.9% of sellers
Institutions: 47.6% of total trades | 54.1% of buyers | 41.1% of sellers
Foreign: 26.3% of total | 29.2% of buyers | 23.4% of sellers
Regional: 8.6% of total | 11.5% of buyers | 5.7% of sellers
Domestic: 65.1% of total | 59.3% of buyers | 70.9% of sellers
WTI: USD 71.12 (+1.82%)
Brent: USD 79.30 (+0.34%)
Natural Gas (Nymex, futures prices) USD 2.91 MMBtu, (-0.85%, Oct 2018)
Gold: USD 1,208.30 / troy ounce (+0.45%)
TASI: 7,729.65 (+1.13%) (YTD: +6.97%)
ADX: 4,884.06 (+0.16%) (YTD: +11.04%)
DFM: 2,740.68 (-0.08%) (YTD: -18.68%)
KSE Premier Market: 5,321.98 (-0.32%)
QE: 9,805.40 (-0.18%) (YTD: +15.04%)
MSM: 4,485.06 (-0.24%) (YTD: -12.05%)
BB: 1,340.06 (+0.08%) (YTD: +0.63%)