The Market Yesterday
EGP / USD CBE market average: Buy 17.25 | Sell 17.35
EGP / USD at CIB: Buy 17.23 | Sell 17.33
EGP / USD at NBE: Buy 17.25 | Sell 17.35
EGX30 (Tuesday): 14,646 (-1.8%)
Turnover: EGP 969 mn (2% above the 90-day average)
EGX 30 year-to-date: +12.35%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 1.8%. CIB, the index heaviest constituent ended down 1.8%. EGX30’s top performing constituents were Orascom Development Egypt up 0.3%. Yesterday’s worst performing stocks were Global Telecom down 4.1%, Arab Cotton Ginning down 3.7%, and Palm Hills down 3.6%. The market turnover was EGP 969 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -103.8 mn
Regional: Net Long | EGP +52.9 mn
Domestic: Net Long | EGP +50.9 mn
Retail: 55.0% of total trades | 57.5% of buyers | 52.5% of sellers
Institutions: 45.0% of total trades | 42.5% of buyers | 47.5% of sellers
WTI: USD 59.03 (-0.10%)
Brent: USD 67.68 (+0.21%)
Natural Gas (Nymex, futures prices) USD 2.87 MMBtu, (+0.84%, April 2019 contract)
Gold: USD 1,306.50 / troy ounce (+0.38%)
TASI: 8,658.95 (+0.07%) (YTD: +10.63%)
ADX: 5,079.38 (+0.25%) (YTD: +3.34%)
DFM: 2,641.43 (+0.82%) (YTD: +4.41%)
KSE Premier Market: 5,749.92 (+1.07%)
QE: 9,957.03 (-0.16%) (YTD: -3.32%)
MSM: 4,156.49 (+0.69%) (YTD: -3.87%)
BB: 1,420.32 (+0.50%) (YTD: +6.21%)