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Total number of listed companies on CASE in May 2004 decreased to 836 companies as opposed to 869 in the previous month.
Three companies were listed this month with total capitalization of LE 149.37 million.
Turnover
Total number of trading days in May 2004 amounted to 21days with total value traded of LE 3,469.13 million. Value traded of listed securities amounted to LE 3,152.93 million, of which shares, bonds and funds represented 99.6%, 0.4% and 0% respectively. On the other hand, OTC trading reached LE 316.20 million, which represents 9% of total value traded for the month.
This is in comparison to April 2004, when value traded of listed securities amounted to LE 2,633.53 million, of which shares represented 99.8%, bonds 0.2% and funds 0%. In addition, the OTC trading amounted to LE 1,087.60 million i.e. 29% of total trading (on- and off-exchange trading) which reached LE 3,721.13 million.
Total volume traded (shares & bonds) for this month reached 211.47 million securities.
During May 2004, 151,745 transactions were concluded with an average of 7,242 trades per day, as opposed to 159,835 transactions and an average of 8,880 trades per day in April 2004.
Indices
CASE 30 Price, the official market index, witnessed a 8.01% decrease in May to reach 1412.22 points and witnessed a 90.36% increase on YoY.
However, the MSCI Egypt index witnessed a 8.35% decrease in May, to close at 154.288 points on 31/5/2004, and a 79.38% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 68.49% of the total volume of shares traded and 65.81% 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) Egyptian Saudi Poultry (+119%), South Valley Cement (+60%), Pharco Pharmaceuticals (+23%), Engineering Industries (ICON) (+22%), Alexandria Flour Mills (+19%), Giza General Contracting (+19%), Alexandria Cement (+19%), Alexandria Spinning & Weaving (SPINALEX) (+17%), Egyptian for Tourism Resorts (+16%) and North Cairo Mills (+11%).
The top ten losers were (in ascending order of price change) Orascom Projects & Tourist Development (OPTD) (-36%), Alexandria Commercial & Maritime Bank (-21%), Orascom Hotel Holdings (OHH) (-19%), Six of October Development & Investment (SODIC) (-19%), Saudi Egyptian Investment & Finance (-19%), El Ahli Investment and Development (-18%), Medical Union Pharmaceuticals (-17%), Misr Chemical Industries (-16%), El Nasr Clothes & Textiles (Kabo) (-16%) and Industrial & Engineering Projects (-16%).
Market Capitalization
Total market capitalization of shares amounted to LE 178.37 billion as of end of May 2004 compared to LE 186.60 billion in April 2004, representing a 4.4% decrease.
The bond capitalization recorded LE 5.60 billion for corporate bonds and LE 14.48 billion for government bonds at the end of May 2004.
Foreign Participation
In May, foreign investors participated with 30% of the total market value traded with net outflows of portfolio foreign investment totaling LE 872.62 million.
