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): 13,309 (+0.7%)
Turnover: EGP 1.2 bn (52% above the 90-day average)
EGX 30 year-to-date: -11.4%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.7%. CIB, the index heaviest constituent ended up 0.6%. EGX30’s top performing constituents were Telecom Egypt up 5.3%, and Abu Qir Fertilizers up 4.6%, and Porto Group up 2.6%. Yesterday’s worst performing stocks were Heliopolis Housing down 2.6%, Ibnsina Pharma down 2.2% and Emaar Misr down 1.6%. The market turnover was EGP 1.2 bn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +136.8 mn
Regional: Net Short | EGP -209.7 mn
Domestic: Net Long | EGP +72.9 mn
Retail: 57.4% of total trades | 59.9% of buyers | 55.0% of sellers
Institutions: 42.6% of total trades | 40.1% of buyers | 45.0% of sellers
WTI: USD 50.31 (-2.42%)
Brent: USD 58.60 (-2.67%)
Natural Gas (Nymex, futures prices) USD 4.72 MMBtu, (+10.63%, December 2018 contract)
Gold: USD 1,227.40 / troy ounce (+0.61%)
TASI: 7,632.50 (+0.78%) (YTD: +5.62%)
ADX: 4,881.04 (-1.59%) (YTD: +10.97%)
DFM: 2,685.13 (-0.54%) (YTD: -20.32%)
KSE Premier Market: 5,340.37 (+0.13%)
QE: 10,329.61 (-0.25%) (YTD: +21.19%)
MSM: 4,395.94 (+0.21%) (YTD: -13.79%)
BB: 1,324.87 (+0.34%) (YTD: -0.51%)