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): 13,816 (+0.9%)
Turnover: EGP 634 mn (10% below the 90-day average)
EGX 30 year-to-date: -8.0%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.9%. CIB, the index heaviest constituent ended up 0.7%. EGX30’s top performing constituents were Edita up 7.7%, Ibnsina Pharma up 5.8%, and Egyptian Iron and Steel up 3.6% up. Yesterday’s worst performing stocks were Heliopolis Housing down 0.9%, Egypt Aluminum down 0.8%, and Madinet Nasr Housing down 0.8%. The market turnover was EGP 634 mn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +94.5 mn
Regional: Net Long | EGP +26.9 mn
Domestic: Net Short | EGP -121.4 mn
Retail: 61.2% of total trades | 55.7% of buyers | 66.8% of sellers
Institutions: 38.8% of total trades | 44.3% of buyers | 33.2% of sellers
Foreign: 17.5% of total | 24.3% of buyers | 10.7% of sellers
Regional: 7.8% of total | 9.8% of buyers | 5.9% of sellers
Domestic: 74.7% of total | 65.9% of buyers | 83.4% of sellers
WTI: USD 69.93 (+0.26%)
Brent: USD 80.05 (-1.67%)
Natural Gas (Nymex, futures prices) USD 3.32 MMBtu, (-0.12%, November 2018 contract)
Gold: USD 1,225.50 / troy ounce (-0.15%)
TASI: 7,657.87 (-0.12%) (YTD: +5.97%)
ADX: 4,956.97 (+0.53%) (YTD: +12.70%)
DFM: 2,741.50 (+0.50%) (YTD: -18.65%)
KSE Premier Market: 5,180.55 (+0.17%)
QE: 10,157.48 (+1.25%) (YTD: +19.17%)
MSM: 4,452.91 (+0.03%) (YTD: -12.68%)
BB: 1,313.22 (+0.12%) (YTD: -1.39%)