The Market Yesterday
EGP / USD CBE market average: Buy 17.87 | Sell 17.96
EGP / USD at CIB: Buy 17.89 | Sell 17.96
EGP / USD at NBE: Buy 17.79 | Sell 17.89
EGX30 (Tuesday): 13,403 (+0.5%)
Turnover: EGP 1,030 mn (29% above the 90-day average)
EGX 30 year-to-date: +2.8%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.5%. CIB, the index heaviest constituent ended down 1.2%. EGX30’s top performing constituents were Egypt Aluminum up 5.7%, Sidi Kerir Petrochemicals up 3.9%, and Porto Group up 3.8%. Yesterday’s worst performing stocks were Orascom Construction down 2.3%, CIB down 1.2% and Juhayna down 1.1%. The market turnover was EGP 1,030 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -60.9 mn
Regional: Net Long | EGP +7.6 mn
Domestic: Net Long | EGP +53.4 mn
Retail: 62.3% of total trades | 61.3% of buyers | 63.3% of sellers
Institutions: 37.7% of total trades | 38.7% of buyers | 36.7% of sellers
WTI: USD 49.65 (+2.33%)
Brent: USD 58.51 (+2.06%)
Natural Gas (Nymex, futures prices) USD 3.01 MMBtu, (+2.17%, Feb 2019 contract)
Gold: USD 1,285.80 / troy ounce (-0.32%)
TASI: 8,057.04 (+0.12%) (YTD: +2.94%)
ADX: 4,927.04 (-0.15%) (YTD: +0.24%)
DFM: 2,528.72 (-0.24%) (YTD: -0.04%)
KSE Premier Market: 5,400.65 (-0.04%)
QE: 10,458.85 (-0.34%) (YTD: +1.55%)
MSM: 4,310.85 (-0.03%) (YTD: -0.30%
BB: 1,332.33 (-0.37%) (YTD: +0.11%)