The Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95
EGP / USD at CIB: Buy 17.89 | Sell 17.96
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 12,840 (+1.3%)
Turnover: EGP 400 mn (50% below the 90-day average)
EGX 30 year-to-date: -14.5%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.3%. CIB, the index heaviest constituent ended up 0.8%. EGX30’s top performing constituents were Orascom Construction up 4.1%, and SODIC up 3.5%, and Egyptian Resorts up 3.0%. The market turnover was EGP 400 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -2.1 mn
Regional: Net Short | EGP -1.8 mn
Domestic: Net Long | EGP +3.9 mn
Retail: 72.4% of total trades | 72.1% of buyers | 72.8% of sellers
Institutions: 27.6% of total trades | 27.9% of buyers | 27.2% of sellers
WTI: USD 46.51 (+0.63%)
Brent: USD 54.47 (+7.93%)
Natural Gas (Nymex, futures prices) USD 3.51 MMBtu, (-0.85%, January 2019 contract)
Gold: USD 1,271.90 / troy ounce (-0.09%)
TASI: 7,710.93 (-0.09%) (YTD: +6.71%)
ADX: 4,817.11 (+0.34%) (YTD: +9.52%)
DFM: 2,468.85 (+0.06%) (YTD: -26.74%)
KSE Premier Market: 5,257.08 (-0.3%)
QE: 10,233.88 (-1.29%) (YTD: +20.07%)
MSM: 4,326.15 (+0.31%) (YTD: -15.16%)
BB: 1,318.30 (+0.40%) (YTD: -1.01%)