The Market Yesterday
EGP / USD CBE market average: Buy 17.56 | Sell 17.66
EGP / USD at CIB: Buy 17.55 | Sell 17.65
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Tuesday): 14,928 (+1.0%)
Turnover: EGP 1.2 bn (37% above the 90-day average)
EGX 30 year-to-date: +14.5%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.0%. CIB, the index heaviest constituent ended up 1.2%. EGX30’s top performing constituents were Palm Hills up 2.8%, Ezz Steel up 2.3%, and El Sewedy Electric up 2.3%. Yesterday’s worst performing stocks were Arab Cotton Ginning down 2.9%, Sarwa Capital Holding down 1.2% and KIMA down 1.1%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -47.7 mn
Regional: Net Long | EGP +20.5 mn
Domestic: Net Long | EGP +27.2 mn
Retail: 60.0% of total trades | 56.2% of buyers | 63.7% of sellers
Institutions: 40.0% of total trades | 43.8% of buyers |36.3% of sellers
WTI: USD 53.34 (+1.77%)
Brent: USD 62.57 (+1.72%)
Natural Gas (Nymex, futures prices) USD 2.67 MMBtu, (+0.95%, Mar 2019)
Gold: USD 1,314.20 / troy ounce (+0.18%)
TASI: 8,600.32 (+0.67%) (YTD: +9.88%)
ADX: 5,024.50 (-0.44%) (YTD: +2.23%)
DFM: 2,484.80 (-0.46%) (YTD: -1.78%)
KSE Premier Market: 5,504.21 (+0.87%)
QE: 10,302.41 (-1.33%) (YTD: +0.03%)
MSM: 4,124.79 (-0.40%) (YTD: -4.60%)
BB: 1,389.45 (-0.66%) (YTD: +3.90%)