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Thursday, 7 February 2019

The Market Yesterday

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EGP / USD CBE market average: Buy 17.56 | Sell 17.66
EGP / USD at CIB:
Buy 17.56 | Sell 17.66
EGP / USD at NBE: Buy 17.55 | Sell 17.65

EGX30 (Wednesday): 14,767 (+0.2%)
Turnover: EGP 1.2 bn (32% above the 90-day average)
EGX 30 year-to-date: +13.3%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.2%. CIB, the index heaviest constituent ended up 0.7%. EGX30’s top performing constituents were Juhayna up 4.1%, Palm Hills up 1.6%, and Madinet Nasr Housing up 1.6%. Yesterday’s worst performing stocks were Ezz Steel down 3.4%, Telecom Egypt down 2.0% and Egyptian Resorts down 1.4%. The market turnover was EGP 1.2 bn, and local investors were the sole net sellers.

Foreigners: Net Long | EGP +69.8 mn
Regional: Net Long| EGP +21.7 mn
Domestic: Net Short| EGP -91.5 mn

Retail: 62.8% of total trades | 64.0% of buyers | 61.5% of sellers
Institutions: 37.2% of total trades | 36.0% of buyers | 38.5% of sellers

WTI: USD 53.90 (+0.24%)
Brent: USD 62.57 (+0.95%)

Natural Gas (Nymex, futures prices) USD 2.68 MMBtu, (+0.56%, Mar 2019)
Gold: USD 1,310.60 / troy ounce (-0.65%)

TASI: 8,633.33 (+0.11%) (YTD: +10.31%)
ADX: 5,143.24 (+0.12%) (YTD: +4.64%)
DFM: 2,557.01 (+0.56%) (YTD: +1.08%)
KSE Premier Market: 5,439.82 (-0.22%)
QE: 10,683.94 (-0.29%) (YTD: +3.74%)
MSM: 4,160.91 (-0.20%) (YTD: -3.77%)
BB: 1,408.81 (+0.36%) (YTD: +5.35%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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