Total number of listed companies on CASE in March 2005 decreased to 761 companies as opposed to 766 in the previous month.
One Company was listed this month with total capitalization of LE 1.05 billion.
Turnover
Total number of trading days in March 2005 amounted to 23 days with total value traded of LE 14,296.24 million. Value traded of listed securities amounted to LE 13,429.63 million, of which shares, bonds and funds represented 96.22%, 3.71% and 0.07% respectively. On the other hand, OTC trading reached LE 866.61 million, which represents 6% of total value traded for the month.
This is in comparison to February 2005, when value traded of listed securities amounted to LE 8,160.18 million, of which shares represented 88.01%, bonds 11.99% and funds 0.0%. In addition, the OTC trading amounted to LE 482.03 million i.e. 6% of total trading (on- and off-exchange trading) which reached LE 8,642.21 million.
Total volume traded (shares & bonds) for this month reached 395.07 million securities.
During March 2005, 358,665 transactions were concluded with an average of 15,594 trades per day, as opposed to 278,692 transactions and an average of 14,665 trades per day in February 2005.
Indices
CASE 30 Price, the official market index, witnessed a 0.19% increase in March 2005 to reach 3917.84 points and witnessed a 181.16% increase on YoY.
However, the MSCI Egypt index witnessed a 0.91% decrease in March, to close at 441.16 points on 31/03/2005, and a 183.46% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 60.90% of the total volume of shares traded and 57.36% of total value of shares traded for the month.
During the month of March, the top ten gainers, on the official CASE market, were (in descending order of price change) MOBACO for Industries & Trade (+174%), Delta Sugar (+99%), Arab Ceramics (Aracemco) (+70%), Egyptian Financial Group-Hermes Holding Company (+42%), Alexandria National Iron & Steel (+35%), Suez Cement (+30%), Misr Gulf Oil Processing Co. (MIGOP) (+29%), Orascom Projects & Tourist Development (OPTD) (+27%), Glaxo Smith Kline (+27%) and Orascom Hotel Holdings (OHH) (26%).
The top ten losers were (in ascending order of price change) Nile Cotton Ginning (-45%), Delta Industries (IDEAL) (-31%), El Nasr Clothes & Textiles (Kabo) (-29%), Ameriyah Cement (-28), Egyptian Electrical Cables (-27%), El Shams Housing & Urbanization (-26), El Kahera Housing (-26%), National Development Bank (-25%), Amoun (-25%) and Canal Shipping Agencies (-25%).
Market Capitalization
Total market capitalization of shares amounted to LE 292.66 billion as of end of March 2005 compared to LE 296.94 billion in February 2005, representing a –1.4% decrease.
The bond capitalization recorded LE 6.7 billion for corporate bonds and LE 28.92 billion for government bonds at the end of March 2005 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In March 2005, foreign investors participated with 35.34% of the total market value traded with net inflows of portfolio foreign investment totaling LE 2.9 billion.
Note: Worth mentioning that this month witnessed the conclusion of Suez Cement deal whereby a group of investors (including Ciment Francais Company) bought 21 million shares worth LE 2 billion on 21/03/2005.
