Total number of listed companies on CASE in October 2005 decreased to 761 companies as opposed to 765 in the previous month.
There were two new listed companies this month with total capitalization of LE 82.4 million.
Turnover
Total number of trading days in October 2005 amounted to 21 days with total value traded of LE 14,664.02 million. Value traded of listed securities amounted to LE 13,723.12 million, of which shares, bonds and funds represented 94.21%, 5.79% and 0.00% respectively. On the other hand, OTC trading reached LE 940.90 million, which represents 6% of total value traded for the month.
This is in comparison to September 2005, when value traded of listed securities amounted to LE 13,607.61 million, of which shares represented 95.14%, bonds 4.86% and funds 0.00%. In addition, the OTC trading amounted to LE 1,093.51 million i.e. 7% of total trading (on- and off-exchange trading) which reached LE 14,701.12 million.
Total volume traded (shares & bonds) for this month reached 382.76 million securities.
During October 2005, 432,063 transactions were concluded with an average of 20,574 trades per day, as opposed to 527,347 transactions and an average of 25,112 trades per day in September 2005.
Indices
CASE 30 Price, the official market index, witnessed a 2.65% increase in October 2005 to reach 5622.06 points and witnessed a 144.86% increase on YoY.
However, the MSCI Egypt index witnessed a 0.42% decrease in October, to close at 640.20 points on 31/10/2005, and a 153.71% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 66.22% of the total volume of shares traded and 66.73% of total value of shares traded for the month.
During the month of October, the top ten gainers, on the official CASE market, were (in descending order of price change) Egypt for Poultry (+76%), El Ahli Investment and Development (+75%), Arab Cotton Ginning (+64%), Nile Cotton Ginning (+51%), Arab Polvara Spinning & Weaving Co. (+50%), Alexandria National Iron & Steel (+41%), Delta International Bank (+40%), Housing & Development Bank (+40%), El Watany Bank of Egypt (+39%) and Ceramic & Porcelain (39%).
The top ten losers were (in ascending order of price change) Egyptian American Bank (EAB) (-19%), Mena Touristic & Real Estate Investment (-16%), Delta Industries (IDEAL) (-12%), Cairo Pharmaceuticals (-12%), Misr International Bank (MIBank) (-11%), Sidi Kerir Petrochemicals (-11%), Medinet Nasr Housing (-10%), Orascom Hotel Holdings (OHH) (-9%), Sharkia National Food (-9%) and Egyptian Financial & Industrial (-8%).
Market Capitalization
Total market capitalization of shares amounted to LE 394.41 billion as of end of October 2005 compared to LE 388.05 billion in September 2005, representing a 1.6% increase.
The bond capitalization recorded LE 6.5 billion for corporate bonds and LE 39.71 billion for government bonds at the end of October 2005 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In October 2005, foreign investors participated with 35.14% of the total market value traded with net outflows of portfolio foreign investment totaling LE 119 million.
