Total number of listed companies on CASE in February 2005 decreased to 766 companies as opposed to 772 in the previous month.
One Company was listed this month with total capitalization of LE 60 million.
Turnover
Total number of trading days in February 2005 amounted to 19 days with total value traded of LE 8,642.21 million. Value traded of listed securities amounted to LE 8,160.18 million, of which shares, bonds and funds represented 88.01%, 11.99% and 0.0% respectively. On the other hand, OTC trading reached LE 482.03million, which represents 6% of total value traded for the month.
This is in comparison to January 2005, when value traded of listed securities amounted to LE 6,644.73 million, of which shares represented 90.63%, bonds 9.37% and funds 0.0%. In addition, the OTC trading amounted to LE 254.87 million i.e. 4% of total trading (on- and off-exchange trading) which reached LE 6,899.60 million.
Total volume traded (shares & bonds) for this month reached 295.12 million securities.
During February 2005, 278,692 transactions were concluded with an average of 14,665 trades per day, as opposed to 222,562 transactions and an average of 11,128 trades per day in January 2005.
Indices
CASE 30 Price, the official market index, witnessed a 11.47% increase in February 2005 to reach 3910.35 points and witnessed a 193.21% increase on YoY.
However, the MSCI Egypt index witnessed a 10.49% increase in February, to close at 445.23 points on 28/02/2005, and a 201.33% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 64.36% of the total volume of shares traded and 61.06% 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) Delta Academy For Science (+108%), Nile Projects & Trading (+100%), Arab Cotton Ginning (+91%), Egyptian Iron & Steel (+81%), El Nasr Clothes & Textiles (Kabo) (+81%), Orascom Projects & Tourist Development (OPTD) (+71%), Amoun (+66%), Egyptian Commercial Bank (+61%), Alexandria Cement (+60%) and El Ezz Porcelain (Gemma) (+60%).
The top ten losers were (in ascending order of price change) National Housing for Professional Syndicates (-14%), Acrow Misr (-10%), Bisco Misr (-9%), Energizer Egypt (-6), Egypt Sanitary Wares (Gravena) (-5%), PYRAMID POULTRY Co. (-4), El Nobareyah Agricultural Engineering (-3%), Saudi Egyptian Investment & Finance (-3%), Paper Middle East (Simo) (-3%) and Cairo Poultry (-2%).
Market Capitalization
Total market capitalization of shares amounted to LE 296.94 billion as of end of February 2005 compared to LE 268.00 billion in January 2005, representing a 10.8% increase.
The bond capitalization recorded LE 4.71 billion for corporate bonds and LE 26.86 billion for government bonds at the end of February 2005 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In February 2005, foreign investors participated with 26.68% of the total market value traded with net inflows of portfolio foreign investment totaling LE 1.3 billion.
