Total number of listed companies on CASE in April 2005 increased to 765 companies as opposed to 761 in the previous month.
Two Companies were listed this month with total capitalization of LE 110 million.
Turnover
Total number of trading days in April 2005 amounted to 17 days with total value traded of LE 9,007.46 million. Value traded of listed securities amounted to LE 7,904.78 million, of which shares, bonds and funds represented 89.35%, 10.65% and 0.00% respectively. On the other hand, OTC trading reached LE 1,102.68 million, which represents 12% of total value traded for the month.
This is in comparison to March 2005, when value traded of listed securities amounted to LE 13,429.63 million, of which shares represented 96.22%, bonds 3.71% and funds 0.07%. In addition, the OTC trading amounted to LE 866.61 million i.e. 6% of total trading (on- and off-exchange trading) which reached LE 14,296.24 million.
Total volume traded (shares & bonds) for this month reached 166.65 million securities.
During April 2005, 194,381 transactions were concluded with an average of 11,434 trades per day, as opposed to 358,665 transactions and an average of 15,594 trades per day in March 2005.
Indices
CASE 30 Price, the official market index, witnessed a 6.87% increase in April 2005 to reach 4186.87 points and witnessed a 172.72% increase on YoY.
However, the MSCI Egypt index witnessed a 9.3% increase in April, to close at 482.19 points on 28/04/2005, and a 186.42% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 70.28% of the total volume of shares traded and 79.75% of total value of shares traded for the month.
During the month of April, the top ten gainers, on the official CASE market, were (in descending order of price change) Misr Sons for Reconstruction (+1156%), Worms Alexandria Handling Goods (+100%), South Valley Cement (+29%), Mena Touristic & Real Estate Investment (+21%), Egyptian American Bank (EAB) (+21%), Extracted Oils (+19%), Heliopolis Housing (+17%), Arab Cotton Ginning (+17%), Orascom Hotel Holdings (OHH) (+16%) and Torah Cement (15%).
The top ten losers were (in ascending order of price change) Alexandria Cement (-40%), Credit Agricole Indosuez (Egypt) (-29%), United Arab Shipping (-27%), Giza General Contracting (-25), Egyptian Iron & Steel (-20%), Industrial & Engineering Projects (-17), Misr Oils & Soap (-15%), Canal Shipping Agencies (-15%), National Cement (-14%) and Egyptian Contracting (Mokhtar Ibrahim) (-13%).
Market Capitalization
Total market capitalization of shares amounted to LE 300.72 billion as of end of April 2005 compared to LE 292.66 billion in March 2005, representing a 2.8% increase.
The bond capitalization recorded LE 6.7 billion for corporate bonds and LE 29.05 billion for government bonds at the end of April 2005 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In April 2005, foreign investors participated with 15.83% of the total market value traded with net inflows of portfolio foreign investment totaling LE 198 million.
