Total number of listed companies on CASE in August 2003 declined to 1089 as opposed to 1090 in the previous month.
No new companies were listed this month on the exchange.
Turnover
Total number of trading days in August 2003 amounted to 21 days with total value traded of LE 1,864.9 million. Value traded of listed securities amounted to LE 1,749 million, of which shares, bonds and funds represented 79%, 21% and 0% respectively. On the other hand, OTC trading reached LE 115.8 million, which represents 6% of total value traded for the month.
This is in comparison to July 2003, when value traded of listed securities amounted to LE 2,199.1 million, of which shares represented 84%, bonds 16% and funds 0.0%. In addition, the OTC trading amounted to LE 346.4 million i.e. 14% of total trading (on- and off-exchange trading) which reached LE 2,545.5 million.
Total volume traded (shares & bonds) for this month reached 118.17 million securities.
During August 2003, 112,624 transactions were concluded with an average of 5,363 trades per day, as opposed to 137,888 transactions and an average of 6,566 trades per day in July 2003.
Indices
CASE 30 Price, the official market index, gained 12.64% in August to reach 831.87 points and witnessed a 74.93% increase on YoY.
However, the MSCI Egypt index witnessed a 10.85% increase in August, to close at 91.87 points on 31/8/2003, and a 30.51% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 74.30% of the total volume of shares traded and 71.68% of total value of shares traded for the month.
During the month of August, the top ten gainers, on the official CASE market, were (in descending order of price change) El Ezz Steel Rebars (+52%), Canal Shipping Agencies (+48%), El Ezz Porcelain (Gemma) (+45%), Egyptian Kuwaiti Holding (+44%), International Electronics (+35%), United Cashiers (+34%), Delta Industries (IDEAL) (+31%), Olympic Group Financial Investments (+25%), Suez Cement (+25%) and Egyptian Electrical Cables (+25%).
The top ten losers were (in ascending order of price change) United Manufacturing & Management (-62%), El Mohandes Jotun (-50%), Mena Touristic & Real Estate Investment (-32%), Engineering Industries (ICON) (-23%), Natural Gas & Mining Project (Egypt Gas) (-16%), United Arab Shipping (-16%), Delta Sugar (-14%), Egyptian Commercial Bank (-10%), Alexandria Pharmaceuticals (-9%) and Egypt Aluminum (-9%).
Market Capitalization
Total market capitalization of shares amounted to LE 153.42 billion as of end of August 2003 compared to LE 148.23 billion in July 2003, representing a slight 3.5% increase.
The bond capitalization recorded LE 5.38 billion for corporate bonds and LE 13.77 billion for government bonds at the end of August 2003.
Foreign Participation
In August, foreign investors participated with 21% of the total market value traded with net inflows of portfolio foreign investment totaling LE 18.7 million.
