Total number of listed companies on CASE in December 2003 declined to 978 companies as opposed to 1053 in the previous month.
Three companies were listed this month on the exchange with total capitalization of LE 61.3 million.
Turnover
Total number of trading days in December 2003 amounted to 23 days with total value traded of LE 3,114.39 million. Value traded of listed securities amounted to LE 2,737.71 million, of which shares, bonds and funds represented 94%, 6% and 0% respectively. On the other hand, OTC trading reached LE 376.7 million, which represents 12% of total value traded for the month.
This is in comparison to November 2003, when value traded of listed securities amounted to LE 1,230.14 million, of which shares represented 85%, bonds 15% and funds 0%. In addition, the OTC trading amounted to LE 776.9 million i.e. 39% of total trading (on- and off-exchange trading) which reached LE 2,007 million.
Total volume traded (shares & bonds) for this month reached 135.49 million securities.
During December 2003, 122,554 transactions were concluded with an average of 5,328 trades per day, as opposed to 71,952 transactions and an average of 3,997 trades per day in November 2003.
Indices
CASE 30 Price, the official market index, gained 4.6% in December to reach 1155.51 points and witnessed a 134.45% increase on YoY.
However, the MSCI Egypt index witnessed a 6.6% increase in December, to close at 129.689 points on 31/12/2003, and a 80.85% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 69.10% of the total volume of shares traded and 81.14% of total value of shares traded for the month.
During the month of December, the top ten gainers, on the official CASE market, were (in descending order of price change) Vodafone Egypt Telecommunications (+693%), May National Publishing House (+53%), Allweiler Al Farid Pumps (+47%), Misr Fertilizers (+38%), Amoun (+38%), Ceramic & Porcelain (+33%), International Company for Gum & Confectionary (Incogum) (+30%), Egyptians Abroad for Investment & Development (+27%), Pyramids Hotels (+24%) and Orascom Telecom Holding (OT) (+19%).
The top ten losers were (in ascending order of price change) Engineering Construction (ENCON) (-99%), EGAT (-90%), United Developing Enterprises Co. (-90%), Amel Hurghada for Touristic Establishment (-90%), Commercial International Bank (Egypt) (-54%), Damietta Spinning & Weaving (-51%), Egyptian Finance Co. (-50%), Oriental Weavers (-48%), Commercial Engineering for Marketing and Trade (-32%) and Upper Egypt Contracting (-26%).
Market Capitalization
Total market capitalization of shares amounted to LE 171.4 billion as of end of December 2003 compared to LE 161.1 billion in November 2003, representing a 6.39% increase.
The bond capitalization recorded LE 5.42 billion for corporate bonds and LE 10.61 billion for government bonds at the end of December 2003.
Foreign Participation
In December, foreign investors participated with 21% of the total market value traded with net outflows of portfolio foreign investment totaling LE 133.53 million.
