Total number of listed companies on CASE in February 2004 declined to 864 companies as opposed to 873 in the previous month.
There are no new listed companies in this month.
Turnover
Total number of trading days in February 2004 amounted to 19 days with total value traded of LE 3,463.11 million. Value traded of listed securities amounted to LE 2,874.35 million, of which shares, bonds and funds represented 91.7%, 8.3% and 0% respectively. On the other hand, OTC trading reached LE 588.76 million, which represents 17% of total value traded for the month.
This is in comparison to January 2004, when value traded of listed securities amounted to LE 2,731.52 million, of which shares represented 99%, bonds 1% and funds 0%. In addition, the OTC trading amounted to LE 371.03 million i.e. 12% of total trading (on- and off-exchange trading) which reached LE 3,102.56 million.
Total volume traded (shares & bonds) for this month reached 162.15 million securities.
During February 2004, 145,517 transactions were concluded with an average of 7,659 trades per day, as opposed to 147,905 transactions and an average of 7,784 trades per day in January 2004.
Indices
CASE 30 Price, the official market index, witnessed a 1.74% decrease in February to reach 1333.62 points and witnessed a 141.58% increase on YoY.
However, the MSCI Egypt index witnessed a 3.77% decrease in February, to close at 147.755 points on 29/2/2004, and a 111.86% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 68.96% of the total volume of shares traded and 79.37% of total value of shares traded for the month.
During the month of February, the top ten gainers, on the official CASE market, were (in descending order of price change) Alexandria Cement (+51%), Faisal Islamic Bank of Egypt (+50%), Orascom Projects & Tourist Development (OPTD) (+36%), Arab Ceramics (Aracemco) (+28%), Technopak (+22%), Egyptian Satellites (NileSat) (+21%), Saudi Egyptian Investment & Finance (+17%), Alexandria Spinning & Weaving (SPINALEX) (+14%), Misr Duty Free Shops (+14%) and El Kahera Housing (+12%).
The top ten losers were (in ascending order of price change) Modern Shorouk Printing & Packaging (-34%), ASEC For Cement Co. (-32%), El Nasr Dried Agricultural Products (-20%), Export Development Trading Co. (-17%), Engineering Industries (ICON) (-14%), Egyptian Media Production City (-13%), Alexandria National Iron & Steel (-12%), Egyptian Company for Mobile Services (MobiNil) (-12%), Egyptian Financial & Industrial (-11%) and Suez Canal Educational Services (-11%).
Market Capitalization
Total market capitalization of shares amounted to LE 174.48 billion as of end of February 2004 compared to LE 174.97 billion in January 2004, representing a 0.85% decrease.
The bond capitalization recorded LE 5.43 billion for corporate bonds and LE 13.88 billion for government bonds at the end of February 2004.
Foreign Participation
In February, foreign investors participated with 23% of the total market value traded with net inflows of portfolio foreign investment totaling LE 223.24 million.
