Listing
Total number of listed companies on EGX in August 2008 decreased to 376 companies as opposed to 380 in the previous month.
There was one new listed company this month, with a total capitalization of US$ 10 million (LE 53 million).
Turnover
Total number of trading days in August 2008 amounted to 21 days with total value traded of US$ 4174.76 million (LE 22,418.50 million). Value traded of listed securities amounted to US$ 3,907.14 million (LE 20,981.36 million), of which shares, bonds and funds represented 97.47%, 2.53% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 267.62 million (LE 1,437.14 million), which represents 6% of total value traded for the month.
This is in comparison to July 2008, when value traded of listed securities amounted to US$ 5,041.68 million (LE 26,720.91 million), of which shares represented 94.15%, bonds 5.85% and funds 0.00%. In addition, the OTC trading amounted to US$ 552.12 million (LE 2,926.24 million) i.e. 10% of total trading (on- and off-exchange trading) which reached US$ 5,593.80 million (LE 29,647.15 million).
Total volume traded of listed securities market for this month reached 1,331.43 million securities.
During August 2008, 828,282 transactions were concluded with an average of 39,442 trades per day, as opposed to 1,012,643 transactions and an average of 48,221 trades per day in July 2008.
Indices
CASE 30 price index, the official market index, witnessed an 8.67% decrease in August 2008 to reach 8449.56 points and witnessed a YoY increase of 9.04%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 7.23% decrease in August, to close at 1777.84 points 31/08/2008, and an 8.06% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 50.57% of the total value & 64.18% of the total volume of shares traded for the month.
During the month of August, the top five gainers, on the official EGX market, were (in descending order of price change) Dice Sport & Casual Wear (+1367%), El Salam Brokerage (+500%), Mosahamet El Behera (+139%), Prime Holding (+32%) and Arab Investment Urbanization (+26%).
The top five losers were (in ascending order of price change) El Ahli Investment and Development (-43%), Ceramic & Porcelain (-38%), International Co For Investment & Development (-37%), Egyptians Abroad for Investment & Development (-35%) and Alexandria Real Estate (-33%).
Market Capitalization
Total market capitalization of shares amounted to US$ 129.4 billion (LE 694.6 billion) as of end of August 2008 compared to US$ 143.5 billion (LE 760.4 billion) in July 2008, representing an 8.7% decrease.
The bond capitalization recorded US$ 880 million (LE 4.7 billion) for corporate bonds and US$ 15 billion (LE 80 billion) for government bonds at the end of August 2008 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In August 2008, foreign investors participated with 28.32% of the total market value traded with a net outflow of portfolio foreign investment totaling US$ 111 million (LE 598 million).
