The Market Yesterday
EGP / USD CBE market average: Buy 17.43 | Sell 17.53
EGP / USD at CIB: Buy 17.43 | Sell 17.53
EGP / USD at NBE: Buy 17.43 | Sell 17.53
EGX30 (Wednesday): 14,643 (-0.6%)
Turnover: EGP 845 mn (8% below the 90-day average)
EGX 30 year-to-date: +12.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.6%. CIB, the index heaviest constituent ended down 0.8%. EGX30’s top performing constituents were Palm Hills up 2.2%, Pioneers Holding up 2.1%, and Egyptian Resorts up 2.1%. Yesterday’s worst performing stocks were Ezz Steel down 3.0%, Heliopolis Housing down 1.9% and Egypt Kuwait Holding down 1.8%. The market turnover was EGP 845 mn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +99.2 mn
Regional: Net Long | EGP +466.0 mn
Domestic: Net Short | EGP -565.3 mn
Retail: 18.5% of total trades | 20.6% of buyers | 16.4% of sellers
Institutions: 81.5% of total trades | 79.4% of buyers | 83.6% of sellers
WTI: USD 56.16 (-0.11%)
Brent: USD 65.99 (+0.20%)
Natural Gas (Nymex, futures prices) USD 2.85 MMBtu, (+0.18%, Apr 2019)
Gold: USD 1,287.50 / troy ounce (-0.01%)
TASI: 8,534.16 (-0.32%) (YTD: +9.04%)
ADX: 4,977.19 (-2.17%) (YTD: +1.26%)
DFM: 2,626.13 (-0.40%) (YTD: +3.81%)
KSE Premier Market: 5,596.45 (+0.44%)
QE: 9,884.21 (-1.26%) (YTD: -4.03%)
MSM: 4,153.42 (-0.30%) (YTD: -3.94%)
BB: 1,410.83 (-0.25%) (YTD: +5.50%)