Listing
Total number of listed companies on EGX in December 2008 decreased to 373 companies as opposed to 374 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in December 2008 amounted to 19 days with total value traded of US$ 2,776.86 million (LE 15,272.72 million). Value traded of listed securities amounted to US$ 1,997.95 million (LE 10,988.70 million), of which shares, bonds and funds represented 95.47%, 4.30% and 0.23%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 778.91 million (LE 4,284.02 million), which represents 28% of total value traded for the month.
This is in comparison to November 2008, when value traded of listed securities amounted to US$ 3,178.84 million (LE 17,737.91 million), of which shares represented 91.76%, bonds 8.24% and funds 0.00%. In addition, the OTC trading amounted to US$ 496.26 million (LE 2,769.13 million) i.e. 14% of total trading (on- and off-exchange trading) which reached US$ 3,675.10 million (LE 20,507.04 million).
Total volume traded of listed securities market for this month reached 1,169.86 million securities.
During December 2008, 716,558 transactions were concluded with an average of 37,714 trades per day, as opposed to 1,210,188 transactions and an average of 57,628 trades per day in November 2008.
Indices
CASE 30 price index, the official market index, witnessed a 9.29% increase in December 2008 to reach 4596.49 points and witnessed a YoY decline of 56.43%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 10.28% increase in December, to close at 976 points on 31/12/2008, and a 55.88% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 59.86% of the total value & 60.28% of the total volume of shares traded for the month.
During the month of December, the top five gainers, on the official EGX market, were (in descending order of price change) El Eslamyah Packing & printing (+656%), Misr National Steel - Ataqa (+147%), Mohandes Insurance (+111%), Assiut Islamic Trading (+76%) and AJWA for Food Industries company-Egypt (+73%).
The top five losers were (in ascending order of price change) Arab Banking Corporation - Egypt (Less Rights) (-48%), Arab Banking Corporation Egypt (-35%), Ahli United Bank-Egypt (-25%), Orascom Hotels and Development (-23%) and Memphis Pharmaceuticals (-22%).
Market Capitalization
Total market capitalization of shares amounted to US$ 86 billion (LE 473.6 billion) as of end of December 2008 compared to US$ 83 billion (LE 461.0 billion) in November 2008, representing a 2.7% increase.
The bond capitalization recorded US$ 544 million (LE 3.0 billion) for corporate bonds and US$ 13 billion (LE 74 billion) for government bonds at the end of December 2008 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In December 2008, foreign investors participated with 26.46% of the total market value traded with a net outflow of portfolio foreign investment totaling US$ 34 million (LE 185 million).
