The Market Yesterday
EGP / USD CBE market average: Buy 17.56 | Sell 17.66
EGP / USD at CIB: Buy 17.51 | Sell 17.61
EGP / USD at NBE: Buy 17.51 | Sell 17.61
EGX30 (Wednesday): 14,949 (+0.1%)
Turnover: EGP 1.3 bn (47% above the 90-day average)
EGX 30 year-to-date: +14.7%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.1%. CIB, the index heaviest constituent ended up 0.5%. The EGX30’s top performers were Arab Cotton Ginning (up 5.7%), Orascom Investment Holding (+3.6%) and Arabia Investments (+3.4%). Yesterday’s worst performing stocks were Cairo Investment & Real Estate Development down 4.6%, SODIC down 2.2% and Heliopolis Housing down 2.1%. The market turnover was EGP 1.3 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +8.8 mn
Regional: Net Long | EGP +85.1 mn
Domestic: Net Short | EGP -93.9 mn
Retail: 54.0% of total trades | 51.9% of buyers | 56.2% of sellers
Institutions: 46.0% of total trades | 48.1% of buyers | 43.8% of sellers
WTI: USD 53.90 (+1.51%)
Brent: USD 63.63 (+1.94%)
Natural Gas (Nymex, futures prices) USD 2.58 MMBtu, (-4.50%, Mar 2019)
Gold: USD 1,315.10 / troy ounce (+0.08%)
TASI: 8,617.22 (+0.20%) (YTD: +10.10%)
ADX: 5,026.66 (+0.04%) (YTD: +2.27%)
DFM: 2,492.58 (+0.31%) (YTD: -1.47%)
KSE Premier Market: 5,468.50 (-0.65%)
QE: 10,180.69 (-1.18%) (YTD: -1.15%)
MSM: 4,114.80 (-0.24%) (YTD: -4.83%)
BB: 1,374.06 (-1.11%) (YTD: +2.75%)