The Market Yesterday
EGP / USD CBE market average: Buy 16.22 | Sell 16.36
EGP / USD at CIB: Buy 16.24 | Sell 16.34
EGP / USD at NBE: Buy 16.23 | Sell 16.33
EGX30 (Wednesday): 14,381 (-0.8%)
Turnover: EGP 812 mn (19% above the 90-day average)
EGX 30 year-to-date: +10.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.8%%. CIB, the index’s heaviest constituent, ended up 0.2%. EGX30’s top performing constituents were Heliopolis Housing up 2.7%, Pioneers Holding up 1.2%, and Credit Agricole up 0.6%. Yesterday’s worst performing stocks were Egyptian Resorts down 3.5%, Elsewedy Electric down 3.4% and Egyptian Iron & Steel down 3.4%. The market turnover was EGP 812 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -25.3 mn
Regional: Net long | EGP +21.5 mn
Domestic: Net long | EGP +3.7 mn
Retail: 56.2% of total trades | 53.7% of buyers | 58.8% of sellers
Institutions: 43.8% of total trades | 46.3% of buyers | 41.2% of sellers
WTI: USD 52.51 (-0.3%)
Brent: USD 57.69 (-2.0%)
Natural Gas (Nymex, futures prices) USD 2.26 MMBtu, (+0.4%, November 2019 contract)
Gold: USD 1,505.50 / troy ounce (-0.2%)
TASI: 7,984 (-0.9%) (YTD: +2.0%)
ADX: 5,030 (-0.5%) (YTD: +2.4%)
DFM: 2,744 (-1.3%) (YTD: +8.5%)
KSE Premier Market: 6,119 (-0.7%)
QE: 10,359 (-0.7%) (YTD: +0.6%)
MSM: 4,024 (-0.3%) (YTD: -6.9%)
BB: 1,513 (-0.1%) (YTD: +13.2%)