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Listing
Total number of listed companies on EGX in January 2010 decreased to 229 companies as opposed to 306 in the previous month.
There were no new listed companies listed this month.
Turnover
Total number of trading days in January 2010 amounted to 19 days with a total value traded of US$ 5,519.46 million (LE 30,191.42 million). Value traded of listed securities amounted to US$ 4,791.52 million (LE 26,209.60 million), of which shares, bonds and funds represented 87.71%, 12.29% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 727.94 million (LE 3,981.82 million), which represents 13% of total value traded for the month.
This is in comparison to December 2009, when value traded of listed securities amounted to US$ 5,214.76 million (LE 28,629.05 million), of which shares represented 88.48%, bonds 11.52% and funds 0.00%. In addition, the OTC trading amounted to US$ 1,001.17 million (LE 5,496.46 million) i.e. 16% of total trading (on- and off-exchange trading), which reached US$ 6,215.94 million (LE 34,125.52 million).
Total volume traded of listed securities market for this month reached 2,105.11 million securities.
During January 2010, 1,078,794 transactions were concluded with an average of 56,779 trades per day, as opposed to 846,609 transactions and an average of 36,809 trades per day in December 2009.
Indices
EGX 30 index, the official market index, witnessed an 8.82% increase in January 2010 to reach 6756.14 points and witnessed a YoY increase of 74.35%.
Meanwhile, EGX 70 price index witnessed a 16.28% increase in January 2010 to reach 747.62 points and witnessed a YoY increase of 47.60%.
Moreover, EGX 100 price index witnessed a 12.65% increase in January 2010 to reach 1193.36 points and witnessed a YoY increase of 54.33%.
Additionally, the Dow Jones EGX Egypt Titans 20 index witnessed an 8.27% increase in January, to close at 1423.02 points on 31/01/2010 and witnessed a YoY increase of 74.44%.
Price Movements of Selected Shares
The ten most active stocks represented 41.58% of the total value & 53.75% of the total volume of shares traded for the month.
During the month of January, the top five gainers, on the official EGX market, were (in descending order of price change) Lord precision Industries (+4019%), Lord Import & Export "SOTRACO" (+1733%), Lord International (+578%), Nile City Investment (+283%) and Egyptian Arabian (cmar) Securities Brokerage EAC (+223%).
The top five losers were (in ascending order of price change) Guezira Hotels & Tourism (-44%), Alexandria National Company for Financial Investment (-31%), El Watany Bank of Egypt (-14%), Citadel Capital - Common Shares (-8%), Cairo Medical Tower Laboratory (Alborg Laboratory) (-7%).
Market Capitalization
Total market capitalization of shares amounted to US$ 83.6 billion (LE 457.5 billion) as of end of January 2010 compared to US$ 91 billion (LE 499.6 billion) in December 2009, representing a decrease of 8.4%.
The bond capitalization recorded US$ 524.9 million (LE 2.9 billion) for corporate bonds and US$ 23.7 billion (LE 129.6 billion) for government bonds at the end of January 2010 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In January 2010, foreign investors participated with 22.10% of the total market value traded, with a net inflow of portfolio foreign investment totaling US$ 207 million (LE 1 billion).
