Back to the complete issue
Wednesday, 5 December 2018

The Market Yesterday

Powered by
Pharos Holding - http://www.pharosholding.com/

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 (Tuesday): 12,625 (-2.4%)
Turnover: EGP 628 mn (21% below the 90-day average)
EGX 30 year-to-date: -15.9%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 2.4%. CIB, the index heaviest constituent ended down 2.7%. EGX30’s top performing constituents were Global Telecom up 1.0%, and Juhayna up 0.1%. Yesterday’s worst performing stocks were Porto Group down 5.6%, AMOC down 5.1% and Elsewedy Electric down 4.9%. The market turnover was EGP 628 mn, and foreign investors were the sole net buyers.

Foreigners: Net Long | EGP +49.5 mn
Regional: Net Short | EGP -20.7 mn
Domestic: Net Short | EGP -28.8 mn

Retail: 62.2% of total trades | 63.5% of buyers | 60.9% of sellers
Institutions: 37.8% of total trades | 36.5% of buyers | 39.1% of sellers

WTI: USD 52.68 (-1.07%)
Brent: USD 62.08 (+0.63%)

Natural Gas (Nymex, futures prices) USD 4.52 MMBtu, (+1.39%, January 2019 contract)
Gold: USD 1,241.70 / troy ounce (-0.39%)

TASI: 7,905.12 (-0.15%) (YTD: +11.36%)
ADX: 4,898.15 (+2.68%) (YTD: +11.36%)
DFM: 2,675.87 (+0.27%) (YTD: -20.6%)
KSE Premier Market: 5,369.04 (+0.79%)
QE: 10,602.84 (+1.45%) (YTD: +24.40%)
MSM: 4,534.63 (+1.90%) (YTD: -11.07%)
BB: 1,325.43 (0%) (YTD: -0.43%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.