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Total number of listed companies on CASE in January 2005 decreased to 772 companies as opposed to 795 in the previous month.
Five Companies were listed this month with total capitalization of LE 360 million.
Turnover
Total number of trading days in January 2005 amounted to 20 days with total value traded of LE 6,899.60 million. Value traded of listed securities amounted to LE 6,644.73 million, of which shares, bonds and funds represented 90.63%, 9.37% and 0.0% respectively. On the other hand, OTC trading reached LE 254.87 million, which represents 4% of total value traded for the month.
This is in comparison to December 2004, when value traded of listed securities amounted to LE 5,739.79 million, of which shares represented 76.17%, bonds 23.83% and funds 0.0%. In addition, the OTC trading amounted to LE 789.17 million i.e. 12% of total trading (on- and off-exchange trading) which reached LE 6,528.97 million.
Total volume traded (shares & bonds) for this month reached 271.29 million securities.
During January 2005, 222,562 transactions were concluded with an average of 11,128 trades per day, as opposed to 183,948 transactions and an average of 8,361 trades per day in December 2004.
Indices
CASE 30 Price, the official market index, witnessed a 36.6% increase in January 2005 to reach 3507.99 points and witnessed a 158.46% increase on YoY.
However, the MSCI Egypt index witnessed a 42.42% increase in January, to close at 402.95 points on 31/01/2005, and a 162.43% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 65.59% of the total volume of shares traded and 66.85% 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) Six of October Development & Investment (SODIC) (+117%), North Cairo Mills (+108%), Garments and Terry Towels Ind. Co (GATT) (+100%), General Silos & Storage (+83%), Industrial & Engineering Projects (+80%), Alexandria Flour Mills (+69%), East Delta Flour Mills (+65%), Upper Egypt Flour Mills (+64%), Middle & West Delta Flour Mills (+63%) and South Cairo & Giza Mills & Bakeries (+58%).
The top ten losers were (in ascending order of price change) Arab Contractors Medical Center (-20%), Ceramica Cleopatra Group (-19%), Societe Arabe Internationale De Banque (SAIB) (-19%), National Glass & Crystal Co. (-9%), Alexandria Commercial & Maritime Bank (-7%), Misr Gulf Oil Processing Co. (MIGOP) (-6%), Egyptian Starch & Glucose (-6%), Egypt Aluminum (-6%), National Societe Generale Bank (NSGB) (-5%) and Alexandria National Iron & Steel (-5%).
Market Capitalization
Total market capitalization of shares amounted to LE 268.00 billion as of end of January 2005 compared to LE 233.54 billion in December 2004, representing a 14% increase.
The bond capitalization recorded LE 4.14 billion for corporate bonds and LE 23.80 billion for government bonds at the end of January 2005 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In January, foreign investors participated with 32.01% of the total market value traded with net outflows of portfolio foreign investment totaling LE 248.96 million.
Note: It is worth mentioning that this month witnessed the conclusion of the Telecom Egypt deal to purchase 41 million shares worth L.E 719 million from Vodafone Egypt on 24/1/2005, which boosted its associated stake to 25.5% in Vodafone company.
