Total number of listed companies on CASE in September 2004 decreased to 790 companies as opposed to 791 in the previous month.
Three companies were listed this month with total capitalization of LE 33.76 million.
Turnover
Total number of trading days in September 2004 amounted to 22 days with total value traded of LE 4,450.41 million. Value traded of listed securities amounted to LE 3,791.84 million, of which shares, bonds and funds represented 99.95%, 0.05% and 0% respectively. On the other hand, OTC trading reached LE 658.57 million, which represents 15% of total value traded for the month.
This is in comparison to August 2004, when value traded of listed securities amounted to LE 2,635.41 million, of which shares represented 99.91%, bonds 0.02% and funds 0.07%. In addition, the OTC trading amounted to LE 901.55 million i.e. 25% of total trading (on- and off-exchange trading) which reached LE 3,536.96 million.
Total volume traded (shares & bonds) for this month reached 156.02 million securities.
During September 2004, 178,236 transactions were concluded with an average of 8,102 trades per day, as opposed to 140,463 transactions and an average of 6,107 trades per day in August 2004.
Indices
CASE 30 Price, the official market index, witnessed a 19.25% increase in September to reach 2089.81 points and witnessed a 115.09% increase on YoY.
However, the MSCI Egypt index witnessed a 21.40% increase in September, to close at 230.76 points on 30/9/2004, and a 112.55% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 55.10% of the total volume of shares traded and 67.87% of total value of shares traded for the month.
During the month of September, the top ten gainers, on the official CASE market, were (in descending order of price change) Egyptian American Bank (EAB) (+51%), Eastern Tobacco (+42%), South Valley Cement (+34%), Orascom Telecom Holding (OT) (+33%), Mohandes Bank (+26%), Egyptian Contracting (Mokhtar Ibrahim) (+23%), Commercial International Bank (Egypt) (+22%), Bisco Misr (+20%), Alexandria Commercial & Maritime Bank (+20%) and Orascom Projects & Tourist Development (OPTD) (+19%).
The top ten losers were (in ascending order of price change) Delta Academy For Science (-50%), Egyptian Real Estate (-30%), Misr Conditioning (Miraco) (-23%), Alexandria Cement (-22%), aic (-22%), Development & Engineering Consultants (-20%), Suez Canal Bank (-13%), Upper Egypt Contracting (-12%), Energizer Egypt (-11%) and General Silos & Storage (-10%).
Market Capitalization
Total market capitalization of shares amounted to LE 203.63 billion as of end of September 2004 compared to LE 191.03 billion in August 2004, representing a 6.6% increase.
The bond capitalization recorded LE 5.33 billion for corporate bonds and LE 14.66 billion for government bonds at the end of September 2004.
Foreign Participation
In September, foreign investors participated with 33.9% of the total market value traded with net outflows of portfolio foreign investment totaling LE 28.45 million.
