The Market Yesterday
EGP / USD CBE market average: Buy 16.25 | Sell 16.38
EGP / USD at CIB: Buy 16.26 | Sell 16.36
EGP / USD at NBE: Buy 16.25 | Sell 16.35
EGX30 (Wednesday): 13,595 (+3.2%)
Turnover: EGP 776 mn (17% above the 90-day average)
EGX 30 year-to-date: +4.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 3.2%. CIB, the index’s heaviest constituent, ended up 3.5%. EGX30’s top performing constituents were Palm Hills up 6.1%, Egyptian Resorts up 5.7%, and Egyptian Iron & Steel up 5.4%. Yesterday’s worst performing stocks was Cairo for Investment & Real Estate Development (CIRA) down 3.9%. The market turnover was EGP 776 mn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +131.6 mn
Regional: Net Long | EGP +48.2 mn
Domestic: Net Short | EGP -179.8 mn
Retail: 55.4% of total trades | 43.8% of buyers | 67.1% of sellers
Institutions: 44.6% of total trades | 56.2% of buyers | 32.9% of sellers
WTI: USD 56.66 (+0.30%)
Brent: USD 62.39 (-1.13%)
Natural Gas (Nymex, futures prices) USD 2.52 MMBtu, (+0.72%, Oct 2019 contract)
Gold: USD 1,513.10 / troy ounce (+0.05%)
TASI: 8,030.29 (-0.49%) (YTD: +2.60%)
ADX: 5,088.46 (+0.24%) (YTD: +3.53%)
DFM: 2,802.35 (-0.04%) (YTD: +10.78%)
KSE Premier Market: 6,264.46 (+0.02%)
QE: 10,441.04 (+1.19%) (YTD: +1.38%)
MSM: 4,021.73 (+0.10%) (YTD: -6.98%)
BB: 1,519.97 (-0.01%) (YTD: +13.66%)