The Market Yesterday
EGP / USD CBE market average: Buy 16.55 | Sell 16.67
EGP / USD at CIB: Buy 16.55 | Sell 16.65
EGP / USD at NBE: Buy 16.58 | Sell 16.68
EGX30 (Wednesday): 14,137 (0.00%)
Turnover: EGP 696 mn (1% below the 90-day average)
EGX 30 year-to-date: +8.5%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session flat. CIB, the index heaviest constituent ended down 0.1%. EGX30’s top performing constituents were Orascom Investment Holding up 4.1%, Telecom Egypt up 3.2%, and Kima up 2.4%. Yesterday’s worst performing constituents were Ezz Steel down 2.9%, ACAMD down 2.1%, and Orascom Development Egypt down 2.0%. The market turnover was EGP 696 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -32.8 mn
Regional: Net Short | EGP -0.6 mn
Domestic: Net Long | EGP +33.4 mn
Retail: 63.1% of total trades | 67.5% of buyers | 58.6% of sellers
Institutions: 36.9% of total trades | 32.5% of buyers | 41.4% of sellers
WTI: USD 57.29 (-0.09%)
Brent: USD 63.82 (+2.28%)
Natural Gas (Nymex, futures prices) USD 2.28 MMBtu, (-0.35%, Aug 2019 contract)
Gold: USD 1,419.40 / troy ounce (-0.11%)
TASI: 8,853.47 (+0.22%) (YTD: +13.12%)
ADX: 4,989.38 (+0.21%) (YTD: +1.51%)
DFM: 2,666.04 (-0.48%) (YTD: +5.39%)
KSE Premier Market: 6,505.86 (+0.82%)
QE: 10,590.60 (+0.12%) (YTD: +2.83%)
MSM: 3,824.92 (-0.87%) (YTD: -11.54%)
BB: 1,498.53 (+0.54%) (YTD: +12.06%)