Total number of listed companies on EGX in March 2010 decreased to 219 companies as opposed to 224 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in March 2010 amounted to 23 days with a total value traded of US$ 4,834.38 million (LE 26,637.43 million). Value traded of listed securities amounted to US$ 4,303.31 million (LE 23,711.25 million), of which shares, bonds and funds represented 80.99%, 19.01% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 531.07 million (LE 2,926.18 million), which represents 11% of total value traded for the month.
This is in comparison to February 2010, when value traded of listed securities amounted to US$ 4,156.3 million (LE 22,818.09 million), of which shares represented 78.36%, bonds 21.61% and funds 0.03%. In addition, the OTC trading amounted to US$ 482.09 million (LE 2646.66 million) i.e. 10% of total trading (on- and off-exchange trading), which reached US$ 4,638.39 million (LE 25,464.75 million).
Total volume traded of listed securities market for this month reached 2056.56 million securities.
During March 2010, 960,838 transactions were concluded with an average of 41,776 trades per day, as opposed to 1,046,373 transactions and an average of 52,319 trades per day in February 2010.
Indices
EGX 30 index, the official market index, witnessed a 2.62% increase in March 2010 to reach 6806.11 points and witnessed a YoY increase of 62.28%.
Meanwhile, EGX 70 price index witnessed a 3.34% decrease in March 2010 to reach 715.20 points and witnessed a YoY increase of 36.32%.
Moreover, EGX 100 price index witnessed a 0.47 % decrease in March 2010 to reach 1160.82 points and witnessed a YoY increase of 43.84%.
Additionally, the Dow Jones EGX Egypt Titans 20 index witnessed a 2.71% increase in March, to close at 1442.97 points on 31/03/2010 and witnessed a YoY increase of 65.94 %.
On the other hand, the S&P/EGX ESG index witnessed a 5.14% increase in March, to close at 1065.73 points and witnessed a YoY increase of 62.26%.
Price Movements of Selected Shares
The ten most active stocks represented 53.86% of the total value & 62.48% of the total volume of shares traded for the month.
During the month of March, the top five gainers, on the official EGX market, were (in descending order of price change) El Orouba Securities Brokerage (+265%), El Arabia Engineering Industries (+48%), International Company for Leasing (IncoLEASE) (+34%), GB AUTO (+29%) and Ismailia Misr Poultry (+29%).
The top five losers were (in ascending order of price change) AJWA for Food Industries Company - Egypt (-43%), Rakta Paper Manufacturing (-27%), Alexandria National Company for Financial Investment (-22%), Cairo Educational Services (-19%) and Nasr Company for Civil Works (-19%).
Market Capitalization
Total market capitalization of shares amounted to US$ 83.6 billion (LE 460.7 billion) as of end of March 2010 compared to US$ 83.1 billion (LE 456.4 billion) in February 2010, representing an increase of 0.93%.
The bond capitalization recorded US$ 811 million (LE 4.5 billion) for corporate bonds and US$ 26 billion (LE 143.3 billion) for government bonds at the end of March 2010 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In March 2010, foreign investors participated with 27.02% of the total market value traded, with a net inflow of portfolio foreign investment totaling US$ 47 million (LE 258 million).