Listing
Total number of listed companies on EGX in August 2009 decreased to 324 companies as opposed to 331 in the previous month.
There was one new listed company this month, with a capitalization of US$ 7 million (LE 39 million).
Turnover
Total number of trading days in August 2009 amounted to 22 days with a total value traded of US$ 6,155 million (LE 34,038 million). Value traded of listed securities amounted to US$ 5,804 million (LE 32,095 million), of which shares, bonds and funds represented 82.61%, 17.39% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 351 million (LE 1,943 million), which represents 6% of total value traded for the month.
This is in comparison to July 2009, when value traded of listed securities amounted to US$ 3,946 million (LE 21,900 million), of which shares represented 86.08%, bonds 13.92% and funds 0.00%. In addition, the OTC trading amounted to US$ 391 million (LE 2,172 million) i.e. 9% of total trading (on- and off-exchange trading), which reached US$ 4,337 million (LE 24,071 million).
Total volume traded of listed securities market for this month reached 2,579 million securities.
During August 2009, 1,416,930 transactions were concluded with an average of 64,406 trades per day, as opposed to 1,127,665 transactions and an average of 56383 trades per day in July 2009.
Indices
EGX 30 index, the official market index, witnessed a 8.94 % increase in August 2009 to reach 6725.52 points and witnessed a YoY decline of 20.40 %.
Likewise, EGX 70 price index witnessed a 10.00% increase in August 2009 to reach 767.39 points and witnessed a YoY decline of 7.66%.
Moreover, EGX 100 price index witnessed a 9.73% increase in August 2009 to reach 1214.07 points and witnessed a YoY decline of 5.95%.
Meanwhile, the Dow Jones EGX Egypt Titans 20 index witnessed a 8.91% increase in August, to close at 1401.10 points on 31/08/2009, and a 21.19% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 38.38% of the total value & 55.50% 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) National Investment & Reconstruction (+188%), Alexandria National Company for Financial Investment (+106%), El Obour Metallurgical Industries (Galvametal) (+83%), El Nasr for Manufacturing Agricultural Crops (+81%) and Egyptian for Developing Building Materials (+79%).
The top five losers were (in ascending order of price change) Egyptian Real Estate Group Bearer Shares (-27%), National Real Estate Bank for Development (-23%), Arab Pharmaceuticals (-15%), Egyptian Real Estate (-15%), Delta Rasmala securities (-12%).
Market Capitalization
Total market capitalization of shares amounted to US$ 96.6 billion (LE 534.4 billion) as of end of August 2009 compared to US$ 90.2 billion (LE 500.7 billion) in July 2009, representing an increase of 7%.
The bond capitalization recorded US$ 624 million (LE 3.4 billion) for corporate bonds and US$ 19 billion (LE 108 billion) for government bonds at the end of August 2009 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In August 2009, foreign investors participated with 16.11 % of the total market value traded with a net inflow of portfolio foreign investment totaling US$ 96 million (LE 533 million).