Total number of listed companies on CASE in July 2004 decreased to 794 companies as opposed to 803 in the previous month.
Four companies were listed this month with total capitalization of LE 192.21 million.
Turnover
Total number of trading days in July 2004 amounted to 20 days with total value traded of LE 1,935.27 million. Value traded of listed securities amounted to LE 1,673.01 million, of which shares, bonds and funds represented 99.95%, 0.05% and 0% respectively. On the other hand, OTC trading reached LE 262.26 million, which represents 14% of total value traded for the month.
This is in comparison to June 2004, when value traded of listed securities amounted to LE 1,669.48 million, of which shares represented 97.1%, bonds 2.9% and funds 0%. In addition, the OTC trading amounted to LE 276.69 million i.e. 14% of total trading (on- and off-exchange trading) which reached LE 1,946.07 million.
Total volume traded (shares & bonds) for this month reached 129.22 million securities.
During July 2004, 117,654 transactions were concluded with an average of 5,883 trades per day, as opposed to 112,277 transactions and an average of 5,113 trades per day in June 2004.
Indices
CASE 30 Price, the official market index, witnessed a 9.47% increase in July to reach 1577.28 points and witnessed a 113.58% increase on YoY.
However, the MSCI Egypt index witnessed a 10.02% increase in July, to close at 172.17 points on 31/7/2004, and a 107.75% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 66.89% of the total volume of shares traded and 62.38% of total value of shares traded for the month.
During the month of July, the top ten gainers, on the official CASE market, were (in descending order of price change) South Valley Cement (+67%), El Ezz Steel Rebars (+33%), Alexandria Cement (+28%), Egyptian Contracting (Mokhtar Ibrahim) (+28%), Egyptian Iron & Steel (+25%), Egyptian American Bank (EAB) (+23%), Egyptian Company for Mobile Services (MobiNil) (+21%), National Societe Generale Bank (NSGB) (+20%), Misr Cement (Qena) (+17%) and El Ezz Porcelain (Gemma) (+16%).
The top ten losers were (in ascending order of price change) Egypt Aluminum (-22%), ABU SOMA Development Company (-20%), Misr Gulf Oil Processing Co. (MIGOP) (-20%), Isiss for Hotels & Touristic Real Estate (-15%), Mena Touristic & Real Estate Investment (-6%), Giza General Contracting (-5%), Alexandria Real Estate (-5%), Egyptian for Tourism Resorts (-5%), Development & Engineering Consultants (-5%) and Engineering Industries (ICON) (-5%).
Market Capitalization
Total market capitalization of shares amounted to LE 182.09 billion as of end of July 2004 compared to LE 172.51 billion in June 2004, representing a 5.6% increase.
The bond capitalization recorded LE 5.36 billion for corporate bonds and LE 14.66 billion for government bonds at the end of July 2004.
Foreign Participation
In July, foreign investors participated with 24% of the total market value traded with net inflows of portfolio foreign investment totaling LE 117.55 million.
