The Market Yesterday
EGP / USD CBE market average: Buy 17.27 | Sell 17.37
EGP / USD at CIB: Buy 17.28 | Sell 17.38
EGP / USD at NBE: Buy 17.26 | Sell 17.36
EGX30 (Monday): 14,954 (+1.5%)
Turnover: EGP 832 mn (9% below the 90-day average)
EGX 30 year-to-date: +14.7%
THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 1.5%. CIB, the index heaviest constituent ended up 3.7%. EGX30’s top performing constituents were CIB up 3.7%, Telecom Egypt up 3.5%, and Cairo Investment & Real Estate Development up 2.2%. Yesterday’s worst performing stocks were Qalaa Holdings down 1.5%, Orascom Development Egypt down 1.5% and Arab Co. for Asset Management and Development down 1.4%. The market turnover was EGP 832 mn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +47.6 mn
Regional: Net Long | EGP +12.6 mn
Domestic: Net Short | EGP -60.2 mn
Retail: 44.5% of total trades | 42.6% of buyers | 46.4% of sellers
Institutions: 55.5% of total trades | 57.4% of buyers | 53.6% of sellers
WTI: USD 61.63 (+2.48%)
Brent: USD 69.07 (+2.20%)
Natural Gas (Nymex, futures prices) USD 2.70 MMBtu, (+2.20%, May 2019)
Gold: USD 1,292.90 / troy ounce (-0.43%)
TASI: 8,896.55 (+0.87%) (YTD: +13.67%)
ADX: 5,055.29 (-0.38%) (YTD: +2.85%)
DFM: 2,696.85 (+2.35%) (YTD: +6.61%)
KSE Premier Market: 6,003.46 (+0.28%)
QE: 10,154.89 (+0.47%) (YTD: -1.40%)
MSM: 3,960.99 (-0.57%) (YTD: +8.39%)
BB: 1,400.17 (-0.93%) (YTD: +4.70%)