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 (Wednesday): 13,366 (-0.3%)
Turnover: EGP 1,035 mn (30% above the 90-day average)
EGX 30 year-to-date: +2.5%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.3%. CIB, the index heaviest constituent ended down 1.4%. EGX30’s top performing constituents were Telecom Egypt up 4.0%, TMG Holding up 3.1%, and Pioneers Holding up 2.4%. Yesterday’s worst performing stocks were Global Telecom down 2.8%, Eastern Co. down 1.7% and CIB down 1.4%. The market turnover was EGP 1,035 mn, and local investors were the sole net sellers.
Foreigners: Net Short | EGP -15.5 mn
Regional: Net Short | EGP -66.8 mn
Domestic: Net Long | EGP +82.3 mn
Retail: 62.4% of total trades | 63.7% of buyers | 61.1% of sellers
Institutions: 37.6% of total trades | 36.3% of buyers | 38.9% of sellers
WTI: USD 52.16 (+4.78%)
Brent: USD 61.31 (+4.41%)
Natural Gas (Nymex, futures prices) USD 2.99 MMBtu, +0.78%, Feb 2019 contract)
Gold: USD 1,294.70/ troy ounce (+0.68%)
TASI: 8,146.68 (+1.11%) (YTD: +4.09%)
ADX: 4,953.25 (+0.53%) (YTD: +0.78%)
DFM: 2,539.75 (+0.44%) (YTD: +0.40%)
KSE Premier Market: 5,386.95 (-0.25%)
QE: 10,535.13 (+0.73%) (YTD: +2.29%)
MSM: 4,310.76 (0.00%) (YTD: -0.30%)
BB: 1,338.27 (+0.45%) (YTD: +0.08%)