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 (Tuesday): 14,359 (+1.1%)
Turnover: EGP 639 mn (15% below the 90-day average)
EGX 30 year-to-date: -4.4%
THE MARKET ON TUESDAY: The EGX30 index ended Tuesday’s session up 1.1%. CIB, the index heaviest constituent ended up 1.0%. EGX30’s top performing constituents were Egyptian Iron and Steel up 8.0%, Egyptian Resorts up 5.7%, and SODIC up 4.3%. Yesterday’s worst performing stocks were EFG Hermes down 1.6%, Orascom Construction down 1.6%, and Sidi Kerir Petrochemicals down 1.3%. The market turnover was EGP 639 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -17.8 mn
Regional: Net Long | EGP +15.7 mn
Domestic: Net Long | EGP +2.1 mn
Retail: 52.7% of total trades | 54.8% of buyers | 50.5% of sellers
Institutions: 47.3% of total trades | 45.2% of buyers | 49.5% of sellers
Foreign: 24.1% of total | 22.7% of buyers | 25.5% of sellers
Regional: 7.6% of total | 8.9% of buyers | 6.4% of sellers
Domestic: 68.3% of total | 68.4% of buyers | 68.1% of sellers
WTI: USD 71.92 (-0.50%)
Brent: USD 81.45 (-0.51%)
Natural Gas (Nymex, futures prices) USD 3.08 MMBtu, (-0.16%, Oct 2018 contract)
Gold: USD 1,205.60/ troy ounce (+0.04%)
TASI: 7,905.27 (+1.76%) (YTD: +9.40%)
ADX: 4,891.79 (+0.06%) (YTD: +11.22%)
DFM: 2,754.04 (+0.03%) (YTD: -18.28%)
KSE Premier Market: 5,339.96 (+1.09%)
QE: 9,713.42 (-0.19%) (YTD: +13.96%)
MSM: 4,485.43 (+0.72%) (YTD: -12.04%)
BB: 1,355.34 (-0.06%) (YTD: +1.77%)