Total number of listed companies on CASE in January 2004 declined to 873 companies as opposed to 978 in the previous month.
Fifteen companies were listed this month on the exchange with total capitalization of LE 757.85 million.
Turnover
Total number of trading days in January 2004 amounted to 19 days with total value traded of LE 3,102.56 million. Value traded of listed securities amounted to LE 2,731.52 million, of which shares, bonds and funds represented 99%, 1% and 0% respectively. On the other hand, OTC trading reached LE 371.03 million, which represents 12% of total value traded for the month.
This is in comparison to December 2003, when value traded of listed securities amounted to LE 2,737.71 million, of which shares represented 94%, bonds 6% and funds 0%. In addition, the OTC trading amounted to LE 376.7 million i.e. 12% of total trading (on- and off-exchange trading) which reached LE 3,114.39 million.
Total volume traded (shares & bonds) for this month reached 132.92 million securities.
During January 2004, 147,905 transactions were concluded with an average of 7,784 trades per day, as opposed to 122,554 transactions and an average of 5,328 trades per day in December 2003.
Indices
CASE 30 Price, the official market index, gained 17.46% in January to reach 1357.26 points and witnessed a 136.08% increase on YoY.
However, the MSCI Egypt index witnessed a 18.4% increase in January, to close at 153.545 points on 31/1/2004, and a 100.79% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 72.96% of the total volume of shares traded and 84.19% of total value of shares traded for the month.
During the month of January, the top ten gainers, on the official CASE market, were (in descending order of price change) Kuwait & Arab Countries Industrial Development (+314%), Orascom Projects & Tourist Development (OPTD) (+60%), Export Development Trading Co. (+48%), Egyptian Media Production City (+45%), Saudi Egyptian Investment & Finance (+40%), Blue Circle Cement Egypt (+38%), Orascom Hotel Holdings (OHH) (+32%), Orascom Telecom Holding (OT) (+25%), Egyptian Financial Group-Hermes Holding Company (+22%) and Orascom Construction Industries (OCI) (+21%).
The top ten losers were (in ascending order of price change) Ceramic & Porcelain (-19%), El Rasheedy Mezan Confectionary Factories (-18%), Egyptian Workers Bank (-16%), Cairo Medical Center (-14%), ASEC For Cement Co. (-14%), Egyptian for Tourism Resorts (-12%), Acrow Misr (-11%), El Nasr Transformers (El Maco) (-11%), Egyptian Commercial Bank (-10%) and Glaxo Smith Kline (-9%).
Market Capitalization
Total market capitalization of shares amounted to LE 175.97 billion as of end of January 2004 compared to LE 171.4 billion in December 2003, representing a 2.67% increase.
The bond capitalization recorded LE 5.43 billion for corporate bonds and LE 14.38 billion for government bonds at the end of January 2004.
Foreign Participation
In January, foreign investors participated with 25% of the total market value traded with net outflows of portfolio foreign investment totaling LE 458.10 million.
