Listing
Total number of listed companies on EGX in June 2008 increased to 375 companies as opposed to 372 in the previous month.
There were six new listed companies this month, with a total capitalization of US$ 485 million (LE 2,606 million).
Turnover
Total number of trading days in June 2008 amounted to 22 days with total value traded of US$ 8,784.09 million (LE 47,170.58 million). Value traded of listed securities amounted to US$ 7,634.20 million (LE 40,995.68 million), of which shares, bonds and funds represented 96.26%, 3.74% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 1,149.89 million (LE 6,174.90 million), which represents 13% of total value traded for the month.
This is in comparison to May 2008, when value traded of listed securities amounted to US$ 12,396.04 (LE 66,566.75 million), of which shares represented 95.02%, bonds 4.98% and funds 0.00%. In addition, the OTC trading amounted to US$ 713.09 million (LE 3,829.30 million) i.e. 5% of total trading (on- and off-exchange trading) which reached US$ 13,109.13 million (LE 70,396.05 million).
Total volume traded of listed securities market for this month reached 1,761.64 million securities.
During June 2008, 1,353,558 transactions were concluded with an average of 61,525 trades per day, as opposed to 1,424,977 transactions and an average of 71,249 trades per day in May 2008.
Indices
CASE 30 price index, the official market index, witnessed a 11.12% decrease in June 2008 to reach 9,827.28 points and witnessed a YoY increase of 25.94%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 9.89% decrease in June, to close at 2,038.25 points 30/06/2008, and a 21.83% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 34.97% of the total value & 61.19% of the total volume of shares traded for the month.
During the month of June, the top five gainers, on the official EGX market, were (in descending order of price change) National Drilling (+1462%), Pioneers Holding (+272%), Universal for Paper and Packaging Materials (Unipack) (+232%), Arab Architectural Design & Engineering Consultancy (+168%) and El Wadi for Exporting Agricultural Products (+120%).
The top five losers were (in ascending order of price change) Cairo Development and Investment (-40%), El Nasr Clothes & Textiles (Kabo) (-39%), Middle & West Delta Flour Mills (-35%), General Silos & Storage (-34%) and East Delta Flour Mills (-34%).
Market Capitalization
Total market capitalization of shares amounted to US$ 151.5 billion (LE 813.3 billion) as of end of June 2008 compared to US$ 163.4 billion (LE 877.3 billion) in May 2008, representing a 7.3% decrease.
The bond capitalization recorded US$ 883.5 million (LE 4.7 billion) for corporate bonds and US$ 15 billion (LE 80.5 billion) for government bonds at the end of June 2008 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In June 2008, foreign investors participated with 20.37% of the total market value traded with a net inflow of portfolio foreign investment totaling US$ 199 million (LE 1.07 billion).
Worth mentioning that the foreigners recorded a net inflow of portfolio foreign investment totaling US$ 105.8 million (LE 568.4 million) after excluding large deals.
