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 (Thursday): 14,105 (-1.5%)
Turnover: EGP 710 mn (2% below the 90-day average)
EGX 30 year-to-date: -6.1%
THE MARKET ON THURSDAY: The EGX30 index ended Thursday’s session down 1.5%. CIB, the index heaviest constituent ended down 0.5%. Pioneers Holding was the only EGX30 constituent that ended in the green zone, up 0.2%. While Thursday’s worst performing stocks were Arab Cotton Ginning down 4.6%, Palm Hills down 4.0%, and Egyptian Iron and Steel down 3.9%. The market turnover was EGP 710 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -30.7 mn
Regional: Net Long | EGP +25.5 mn
Domestic: Net Long | EGP +5.2 mn
Retail: 61.5% of total trades | 61.7% of buyers | 61.3% of sellers
Institutions: 38.5% of total trades | 38.3% of buyers | 38.7% of sellers
Foreign: 24.3% of total | 22.2% of buyers | 26.5% of sellers
Regional: 7.0% of total | 8.8% of buyers | 5.2% of sellers
Domestic: 68.7%of total | 69.0% of buyers | 68.3% of sellers
WTI: USD 73.71 (-0.85%)
Brent: USD 83.22 (-1.12%)
Natural Gas (Nymex, futures prices) USD 3.19 MMBtu, (+1.37%, Nov 2018)
Gold: USD 1,203.30/ troy ounce (-0.19%)
TASI: 7,893.62 (-1.30%) (YTD: +9.23%)
ADX: 4,990.25 (-0.34%) (YTD: +13.45%)
DFM: 2,790.17 (-0.06%) (YTD: -17.21%)
KSE Premier Market: 5,306.67 (-0.15%)
QE: 9,847.05 (-0.56%) (YTD: +15.53%)
MSM: 4,516.13 (-0.21%) (YTD: -11.44%)
BB: 1,323.94 (-0.08%) (YTD: -0.58%)