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Listing
Total number of listed companies on CASE in January 2007 decreased to 592 companies as opposed to 595 in the previous month.
There were two new listed companies this month, with a total capitalization of US$ 15.6 million (LE 88.7 million).
Turnover
Total number of trading days in January 2007 amounted to 19 days with total value traded of US$ 3,299 million (LE 18,807 million). Value traded of listed securities amounted to US$ 3,169 million (LE 18,065 million), of which shares, bonds and funds represented 95.20%, 4.80% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 130 million (LE 742 million), which represents 4% of total value traded for the month.
This is in comparison to December 2006, when value traded of listed securities amounted to US$ 5,298 million (LE 30,302 million), of which shares represented 98.93%, bonds 1.07% and funds 0.00%. In addition, the OTC trading amounted to US$ 207 million (LE 1,185 million) i.e. 4% of total trading (on- and off-exchange trading) which reached US$ 5,505 million (LE 31,487 million).
Total volume traded of listed securities market for this month reached 611 million securities.
During January 2007, 627,406 transactions were concluded with an average of 33,021 trades per day, as opposed to 617,849 transactions and an average of 30,892 trades per day in December 2006.
Indices
CASE 30 price index, the official market index, witnessed a 4.3% decrease in January 2007 to reach 6675.81 points and witnessed a 15.8% decrease on YoY.
However, the Dow Jones CASE Egypt Titans 20 index witnessed a 5.4% decrease in January, to close at 1449.03 points on 31/1/2007, and a 21.6% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 63.8% of the total volume of shares traded and 60.3% of total value of shares traded for the month.
During the month of January, the top five gainers, on the official CASE market, were (in descending order of price change) Asek Company for Mining (+129%), Alexandria Commercial & Maritime Bank (+129%), Paper Middle East (Simo) (+46%), Abu Soma Development Company (+43%) and Sharm Dreams Co. for Tourism Investment (+40%).
The top five losers were (in ascending order of price change) Housing & Development Bank - Less Rights 50 Coupon (-40%), Housing & Development Bank (-36%), Rakta Paper Manufacturing (-32%), Gulf Canadian Real Estate Investment Co. (-29%) and Egyptian Transport (EGYTRANS) (-28%).
Market Capitalization
Total market capitalization of shares amounted to US$ 88.5 billion (LE 504 billion) as of end of January 2007 compared to US$ 93.4 billion (LE 534 billion) in December 2006, representing a 5.6% decrease.
The bond capitalization recorded US$ 0.6 billion (LE 3.5 billion) for corporate bonds and US$ 10.1 billion (LE 57.8 billion) for government bonds at the end of January 2007 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In January 2007, foreign investors participated with 29.4% of the total market value traded with a net outflow of portfolio foreign investment totaling US$ 5 million (LE 31 million).
