Total number of listed companies on CASE remained the same in May 2003, as the previous month, at 1151.
One new company was listed this month on the exchange with total capitalization of LE 14.2 million.
Turnover
Total number of trading days in May 2003 amounted to 19 days with total value traded of LE 1,629.7 million. Value traded of listed securities amounted to LE 1,510.5 million, of which shares, bonds and funds represented 86.3%, 13.7% and 0.0% respectively. On the other hand, OTC trading reached LE 119.2 million, which represents 7% of total value traded for the month.
This is in comparison to April 2003, when value traded of listed securities amounted to LE 1,957.0 million, of which shares represented 83.5%, bonds 16.5% and funds 0.0%. In addition, the OTC trading amounted to LE 577.6 million i.e. 20% of total trading (on- and off-exchange trading) which reached LE 2,534.6 million.
Total volume traded (shares & bonds) for this month reached 108.79 million securities.
During May 2003, 117,139 transactions were concluded with an average of 6,165 trades per day, as opposed to 86,836 transactions and an average of 4,342 trades per day in April 2003.
Indices
CASE 30 Price, the official market index, gained 15.6% in May to reach 741.88 points and witnessed a 55.4% increase on YoY.
However, the S&P/IFCG index witnessed a 10.3% rise in May, to close at 45.44 points on 31/5/2003, and a 6.7% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 68.27% of the total volume of shares traded and 69.67% of total value of shares traded for the month.
During the month of May, the top ten gainers, on the official CASE market, were (in descending order of price change) El Mansour Automobiles (Mansour Chevrolet) (+100%), Egyptian Gulf Bank (+73%), Olympic Group Financial Investments (+72%), Egyptian Electrical Cables (+59%), Arab Polvara Spinning & Weaving (+57%), Orascom Telecom Holding (+46%), El Shams Housing & Urbanization (+43%), Egyptian Kuwaiti Holding (+43%), International Electronics (+40%) and Canal Shipping Agencies (+39%).
The top ten losers were (in ascending order of price change) Fair Trans Marine Trading & Forwarding (-90%), Arab Cotton Ginning (-89%), aic (-31%), Development & Engineering Consultants (-20%), Six October Development & Investment - SODIC (-15%), Suez Canal Bank (-15%), Egyptian Workers Bank (-14%), United Bank of Egypt - UBE (-13%), Egyptian International Pharmaceuticals - EIPICO (-11%) and Amoun (-10%).
Market Capitalization
Total market capitalization of all securities amounted to LE 146.06 billion as of end of May 2003 compared to LE 141.89 billion in April 2003, representing a slight 2.9% increase.
The bond capitalization recorded LE 5.66 billion for corporate bonds and LE 13.92 billion for government bonds at the end of May 2003.
Foreign Participation
In May, foreign investors participated with 20.08% of the total market value traded with net inflows of portfolio foreign investment totaling LE 80.4 million.
