Total number of listed companies on CASE in January 2006 decreased to 725 companies as opposed to 744 in the previous month.
There was one new listed company this month with total capitalization of LE 5 million.
Turnover
Total number of trading days in January 2006 amounted to 18 days with total value traded of LE 35,234.51 million. Value traded of listed securities amounted to LE 34,197.81 million, of which shares, bonds and funds represented 95.42%, 4.58% and 0.00% respectively. On the other hand, OTC trading reached LE 1,036.70 million, which represents 3% of total value traded for the month.
This is in comparison to December 2005, when value traded of listed securities amounted to LE 27,372.12 million, of which shares represented 98.72%, bonds 1.28% and funds 0.00%. In addition, the OTC trading amounted to LE 1,034.06 million i.e. 4% of total trading (on- and off-exchange trading) which reached LE 28,406.18 million.
Total volume traded of listed securities market for this month reached 592.44 million securities.
During January 2006, 656,566 transactions were concluded with an average of 36,476 trades per day, as opposed to 818,295 transactions and an average of 38,966 trades per day in December 2005.
Indices
CASE 30 Price, the official market index, witnessed a 25.38% increase in January 2006 to reach 7930.19 points and witnessed a 126.06% increase on YoY.
However, the MSCI Egypt index witnessed a 26.54% increase in January, to close at 913.71 points on 31/01/2006, and a 126.76% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 67.02% of the total volume of shares traded and 65.85% 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) Delta securities Egypt (+613%), Egyptian Kuwaiti Holding (+244%), Egyptian for Tourism Resorts (+125%), Egyptian Financial Group-Hermes Holding Company (+109%), Sharm Dreams Co. for Tourism Investment (+107%), Delta Construction & Rebuilding (+104%), Egyptian International Tourism Projects (+99%), National Housing for Professional Syndicates (+70%), Rakta Paper Manufacturing (+70%) and Six of October Development & Investment (SODIC) (+62%).
The top ten losers were (in ascending order of price change) Tenth of Ramadan Spinning Industries (-34%), Egypt for Poultry (-20%), Egyptian American Bank (EAB) (-19%), Cairo Poultry (-19%), Acrow Misr (-16%), Delta Sugar (-16%), Mena Touristic & Real Estate Investment (-15%), Misr International Bank (MIBank) (-12%), Alexandria Commercial & Maritime Bank (-12%) and National Development Bank (-11%).
Market Capitalization
Total market capitalization of shares amounted to LE 532.08 billion as of end of January 2006 compared to LE 456.28 billion in December 2005, representing a 16.61% increase.
The bond capitalization recorded LE 6.4 billion for corporate bonds and LE 49.9 billion for government bonds at the end of January 2006 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In January 2006, foreign investors participated with 28.44% of the total market value traded with net inflows of portfolio foreign investment totaling LE 507 million.
