The Market Yesterday
EGP / USD CBE market average: Buy 17.86 | 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): 13,250 (+0.7%)
Turnover: EGP 1.3 bn (84% above the 90-day average)
EGX 30 year-to-date: -11.8%
THE MARKET ON WEDNESDAY: The EGX30 index ended Wednesday’s session up 0.7%. CIB, the index heaviest constituent ended up 1.4%. EGX30’s top performing constituents were Qalaa Holding up 4.8%, and El-Sewedy Electric up 3.8%, and Egyptian Resorts up 2.6%. Yesterday’s worst performing stocks were Ezz steel down 2.5%, Telecom Egypt down 2.2% and Heliopolis Housing down 2.0%. The market turnover was EGP1.3 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +42.8 mn
Regional: Net Short | EGP -38.7 mn
Domestic: Net Short | EGP -4.1 mn
Retail: 50.7% of total trades | 51.3% of buyers | 50.1% of sellers
Institutions: 49.3% of total trades | 48.7% of buyers | 49.9% of sellers
Foreign: 32.5% of total | 34.2% of buyers | 30.8% of sellers
Regional: 10.8% of total | 9.2% of buyers | 12.3% of sellers
Domestic: 56.7% of total | 56.6% of buyers | 56.9% of sellers
WTI: USD 64.99 (-0.49%)
Brent: USD 75.47 (-0.58%)
Natural Gas (Nymex, futures prices) USD 3.28 MMBtu, (+0.58%, December 2018 contract)
Gold: USD 1,216.90/ troy ounce (+0.16%)
TASI: 7,907.01 (+0.95%) (YTD: +9.42%)
ADX: 4,901.87 (+0.95%) (YTD: +11.45%)
DFM: 2,784.60 (+1.50%) (YTD: -17.37%)
KSE Premier Market: 5,234.18 (+0.18%)
QE: 10,300.92 (+1.35%) (YTD: +20.85%)
MSM: 4,422.91(+0.05%) (YTD: -13.26%)
BB: 1,314.73 (+0.14%) (YTD: -1.28%)