Listing
Total number of listed companies on EGX in February 2010 decreased to 224 companies as opposed to 229 in the previous month.There were no new listed companies listed this month.
Turnover
Total number of trading days in February 2010 amounted to 20 days with a total value traded of US$ 4,638.39 million (LE 25,464.75 million). Value traded of listed securities amounted to US$ 4,156.3 million (LE 22,818.09 million), of which shares, bonds and funds represented 78.36%, 21.61% and 0.03%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 482.09 million (LE 2646.66 million), which represents 10% of total value traded for the month.This is in comparison to January 2010, when value traded of listed securities amounted to US$ 4,791.52 million (LE 26,209.60 million), of which shares represented 87.71%, bonds 12.29% and funds 0.00%. In addition, the OTC trading amounted to US$ 727.94 million (LE 3,981.82 million) i.e. 13% of total trading (on- and off-exchange trading), which reached US$ 5,519.46 million (LE 30,191.42 million).
Total volume traded of listed securities market for this month reached 1858.59 million securities.
During February 2010, 1,046,373 transactions were concluded with an average of 52,319 trades per day, as opposed to 1,078,794 transactions and an average of 56,779 trades per day in January 2010.
Indices,?P>
EGX 30 index, the official market index, witnessed a 1.83% decrease in February 2010 to reach 6632.54 points and witnessed a YoY increase of 84.36%.
Meanwhile, EGX 70 price index witnessed a 1.03% decrease in February 2010 to reach 739.94 points and witnessed a YoY increase of 70.55%.
Moreover, EGX 100 price index witnessed a 2.27% decrease in February 2010 to reach 1166.29 points and witnessed a YoY increase of 74.07%.
Additionally, the Dow Jones EGX Egypt Titans 20 index witnessed a 1.27% decrease in February, to close at 1404.95 points on 28/02/2010 and witnessed a YoY increase of 86.71%.
Price Movements of Selected Shares
The ten most active stocks represented 42.82% of the total value & 58.35% of the total volume of shares traded for the month.
During the month of February, the top five gainers, on the official EGX market, were (in descending order of price change) Arab Gathering Investment (+872%), Arab Valves Company (+400%), El Shams Pyramids for Hotels and Touristic Projects (+288%), Cairo Development and Investment (+121%) and Osool ESB Securities Brokerage (+51%).
The top five losers were (in ascending order of price change) Development and Engineering Consultants (-26%), AJWA for Food Industries Company Egypt (-25%), Northern Upper Egypt Development and Agricultural Production (-22%), Acrow Misr (-19%) and EL Kahera Housing (-19%).
Market Capitalization
Total market capitalization of shares amounted to US$ 83.1 billion (LE 456.4 billion) as of end of February 2010 compared to US$ 83.6 billion (LE 457.5 billion) in January 2010, representing a decrease of 0.24%.
The bond capitalization recorded US$ 530 million (LE 2.9 billion) for corporate bonds and US$ 24.9 billion (LE 136.5 billion) for government bonds at the end of February 2010 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In February 2010, foreign investors participated with 19.51% of the total market value traded, with a net outflow of portfolio foreign investment totaling US$ 11 million (LE 60.6 million).
