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): 13,510 (+0.5%)
Turnover: EGP 1.0 bn (24% above the 90-day average)
EGX 30 year-to-date: +3.6%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.5%. CIB, the index heaviest constituent ended up 2.5%. EGX30’s top performing constituents were Egyptian Resorts up 4.4%, Qalaa Holding up 2.7%, and CIB up 2.5%. Yesterday’s worst performing stocks were SODIC down 2.1%, Telecom Egypt down 1.8% and Abu Qir Fertilizers down 1.7%. The market turnover was EGP 1.0 bn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -59.4 mn
Regional: Net Short | EGP -36.8 mn
Domestic: Net Long | EGP +96.3 mn
Retail: 53.3% of total trades | 56.1% of buyers | 50.6% of sellers
Institutions: 46.7% of total trades | 43.9% of buyers | 49.4% of sellers
WTI: USD 52.07 (-0.08%)
Brent: USD 61.03 (+0.64%)
Natural Gas (Nymex, futures prices) USD 3.60 MMBtu, (+2.71%, Feb 2019 contract)
Gold: USD 1,294.30 / troy ounce (+0.46%)
TASI: 8,406.47 (+0.71%) (YTD: +7.41%)
ADX: 4,982.62 (-0.02%) (YTD: +1.37%)
DFM: 2,500.76 (+0.41%) (YTD: -1.15%)
KSE Premier Market: 5,467.61 (-0.11%)
QE: 10,761.79 (-0.01%) (YTD: +4.49%)
MSM: 4,258.10 (-0.51%) (YTD: -1.52%)
BB: 1,339.72 (-0.03%) (YTD: +0.18%)