The Market Yesterday
EGP / USD CBE market average: Buy 17.57 | Sell 17.70
EGP / USD at CIB: Buy 17.60 | Sell 17.70
EGP / USD at NBE: Buy 17.60 | Sell 17.70
EGX30 (Wednesday): 14,093 (+0.8%)
Turnover: EGP 1.3 bn (59% above the 90-day average)
EGX 30 year-to-date: +8.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.8%. CIB, the index heaviest constituent ended down 0.6%. EGX30’s top performing constituents were Global Telecom up 7.5%, Heliopolis Housing up 5.1%, and QNB Alahli up 3.6%. Yesterday’s worst performing stocks were Orascom Construction down 2.4%, Egypt Aluminum down 1.4% and Elsewedy Electric down 1.2%. The market turnover was EGP 1.3 bn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -97.0 mn
Regional: Net Short | EGP -2.6 mn
Domestic: Net Long | EGP +99.5 mn
Retail: 55.6% of total trades | 59.1% of buyers | 57.4% of sellers
Institutions: 42.6% of total trades | 40.9% of buyers | 44.4% of sellers
WTI: USD 54.82 (+2.83%)
Brent: USD 62.42 (+1.79%)
Natural Gas (Nymex, futures prices) USD 2.88 MMBtu, (-0.93%, Mar 2019 contract)
Gold: USD 1,316.00 / troy ounce (+0.06%)
TASI: 8,583.63 (+0.03%) (YTD: +9.67%)
ADX: 5,004.85 (-0.56%) (YTD: +1.83%)
DFM: 2,538.56 (-1.07%) (YTD: +0.35%)
KSE Premier Market: 5,438.10 (+0.43%)
QE: 10,719.40 (-0.03%) (YTD: +4.08%)
MSM: 4,215.76 (+1.04%) (YTD: -2.50%)
BB: 1,392.46 (+0.48%) (YTD: +4.13%)