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Thursday, 23 May 2019

The Market Yesterday

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Pharos Holding -

EGP / USD CBE market average: Buy 16.95 | Sell 17.05
Buy 16.88 | Sell 16.98
EGP / USD at NBE: Buy 16.90 | Sell 17.00

EGX30 (Wednesday): 13,664 (+0.4%)
Turnover: EGP 417 mn (48% below the 90-day average)
EGX 30 year-to-date: +4.8%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.4%. CIB, the index heaviest constituent ended down 1.2%. EGX30’s top performing constituents were AMOC up 5.6%, and Emaar Misr up 2.9%, and Egypt Kuwait Holding up 2.8%. Yesterday’s worst performing stocks were CIB down 1.2%, Oriental Weavers down 1.0% and TMG Holding down 0.7%. The market turnover was EGP 417 mn, and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -15.7 mn
Regional: Net Long | EGP +29.0 mn
Domestic: Net Short | EGP -13.3 mn

Retail: 42.3% of total trades | 42.8% of buyers | 41.9% of sellers
Institutions: 57.7% of total trades | 57.2% of buyers | 58.1% of sellers

WTI: USD 61.36 (-0.10%)
Brent: USD 70.99 (-1.65%)

Natural Gas (Nymex, futures prices) USD 2.55 MMBtu, (+0.39%, June 2019 contract)
Gold: USD 1,273.50 / troy ounce (-0.05%)

TASI: 8,656.17 (+0.54%) (YTD: +10.60%)
ADX: 4,750.00 (-0.68%) (YTD: -3.36%)
DFM: 2,584.35 (+1.78%) (YTD: +2.16%)
KSE Premier Market: 6,063.41 (+0.08%)
QE: 9,757.63 (+0.59%) (YTD: -5.26%)
MSM: 3,861.43 (+0.49%) (YTD: -10.69%)
BB: 1,410.84 (+0.10%) (YTD: +5.50%)

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