The Market Yesterday
EGP / USD CBE market average: Buy 16.76 | Sell 16.88
EGP / USD at CIB: Buy 16.76 | Sell 16.86
EGP / USD at NBE: Buy 16.80 | Sell 16.90
EGX30 (Wednesday): 13,974 (-0.4%)
Turnover: EGP 637 mn (19% below the 90-day average)
EGX 30 year-to-date: +7.2%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.4%. CIB, the index heaviest constituent ended up 0.5%. EGX30’s top performing constituents were Orascom Investment Holding up 1.5%, and Egyptian Iron & Steel up 0.9%, and Madinet Nasr Housing up 0.7%. Yesterday’s worst performing stocks were Cairo Investment & Real Estate Development down 3.9%, Kima down 2.8% and GB Auto down 2.5%. The market turnover was EGP 637 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -104.3 mn
Regional: Net Long | EGP +85.8 mn
Domestic: Net Long | EGP +18.4 mn
Retail: 45.5% of total trades | 47.3% of buyers | 43.7% of sellers
Institutions: 54.5% of total trades | 52.7% of buyers | 56.3% of sellers
WTI: USD 59.23 (+0.71%)
Brent: USD 69.45 (-0.94%)
Natural Gas (Nymex, futures prices) USD 2.63 MMBtu, (+1.98%, June 2019 contract)
Gold: USD 1,284.30 / troy ounce (-0.16%)
TASI: 8,413.88 (-1.60%) (YTD: +7.50%)
ADX: 4,866.18 (+1.56%) (YTD: -0.99%)
DFM: 2,599.70 (-0.28%) (YTD: +2.77%)
KSE Premier Market: 6,205.36 (+0.84%)
QE: 9,931.94 (+0.36%) (YTD: -3.56%)
MSM: 3,941.21 (+0.57%) (YTD: -8.85%)
BB: 1,430.14 (+0.18%) (YTD: +6.95%)