Total number of listed companies on CASE in February 2006 decreased to 708 companies as opposed to 725 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in February 2006 amounted to 20 days with total value traded of LE 36,900.61 million. Value traded of listed securities amounted to LE 34,808.46 million, of which shares, bonds and funds represented 93.18%, 6.82% and 0.00% respectively. On the other hand, OTC trading reached LE 2,092.15 million, which represents 6% of total value traded for the month.
This is in comparison to January 2006, when value traded of listed securities amounted to LE 34,197.81 million, of which shares represented 95.42%, bonds 4.58% and funds 0.00%. In addition, the OTC trading amounted to LE 1,036.70 million i.e. 3% of total trading (on- and off-exchange trading) which reached LE 35,234.51 million.
Total volume traded of listed securities market for this month reached 647.77 million securities.
During February 2006, 623,350 transactions were concluded with an average of 31,168 trades per day, as opposed to 656,566 transactions and an average of 36,476 trades per day in January 2006.
Indices
CASE 30 Price, the official market index, witnessed a 10.58% decrease in February 2006 to reach 7091.56 points and witnessed a 81.35% increase on YoY.
However, the MSCI Egypt index witnessed a 9.82% decrease in February, to close at 824.0 points on 28/02/2006, and a 85.07% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 66.80% of the total volume of shares traded and 67.16% 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) Glaxo Smith Kline (+85%), Gulf Canadian Real Estate Investment Co. (+59%), Club Ras Soma Hotel Company (CRS) (+30%), Sharm Dreams Co. for Tourism Investment (+28%), Pharco Pharmaceuticals (+25%), PIRAEUS Bank Egypt (+25%), Commercial International Bank (Egypt) (+24%), Delta Industries (IDEAL) (+21%), Delta Construction & Rebuilding (+17%) and Alexandria National Iron & Steel (+14%).
The top ten losers were (in ascending order of price change) United Arab Shipping (-36%), Nile Cotton Ginning (-35%), Development & Engineering Consultants (-34%), Arab Cotton Ginning (-32%), Giza General Contracting (-31%), Egyptian Kuwaiti Holding (-30%), Egyptian Saudi Finance Bank (-30%), Arab Polvara Spinning & Weaving Co. (-29%), Egyptian Iron & Steel (-28%) and Medinet Nasr Housing (-27%).
Market Capitalization
Total market capitalization of shares amounted to LE 495.07 billion as of end of February 2006 compared to LE 532.08 billion in December 2005, representing a 6.96% decrease.
The bond capitalization recorded LE 6.4 billion for corporate bonds and LE 51.8 billion for government bonds at the end of February 2006 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In February 2006, foreign investors participated with 31.39% of the total market value traded with net inflows of portfolio foreign investment totaling LE 3.3 billion.
