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Listing
Total number of listed companies on EGX in May 2009 decreased to 337 companies as opposed to 339 in the previous month.There were no new listed companies this month.
Turnover
Total number of trading days in May 2009 amounted to 21 days with total value traded of US$ 6336.01 million (LE 35,608.36 million). Value traded of listed securities amounted to US$ 5655.13 million (LE 31,781.84 million), of which shares, bonds and funds represented 90.37%, 9.63% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 680.88 million (LE 3826.52 million), which represents 11% of total value traded for the month.
This is in comparison to April 2009, when value traded of listed securities amounted to US$ 5468.69 million (LE 30788.73 million), of which shares represented 88.27%, bonds 11.73 % and funds 0.00%. In addition, the OTC trading amounted to US$ 492.40 million (LE 2772.21 million) i.e. 9% of total trading (on- and off-exchange trading), which reached US$ 5961.09 million (LE 33560.94 million).
Total volume traded of listed securities market for this month reached 3,546.96 million securities.
During May 2009, 1,700,268 transactions were concluded with an average of 80965 trades per day, as opposed to 1,671,945 transactions and an average of 83597 trades per day in April 2009.
Indices
EGX 30 index, the official market index, witnessed a 14.16% increase in May 2009 to reach 5926.44 points and witnessed a YoY decline of 46.40%.
Likewise, EGX 70 price index witnessed a 2.09 % increase in May 2009 to reach 591.7 points and witnessed a YoY decline of 52.09%.
Meanwhile, the Dow Jones EGX Egypt Titans 20 index witnessed a 15.97% increase in May , to close at 1217.69 points on 31/5/2009, and a 46.17% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 45.03% of the total value & 64.32% of the total volume of shares traded for the month.
During the month of May, the top five gainers, on the official EGX market, were (in descending order of price change) National Investment & Reconstruction (+80%), B-Tech (+60%), El Ahram Co. for Printing and Packing (+51%), Egyptian Saudi Finance Bank (+49%) and Olympic Group Financial Investments (+48%).
The top five losers were (in ascending order of price change) Sharkia National Food (-30%), Arab Investment Urbanization (-24%), Blom Bank - Egypt (-19%), Cairo Medical Tower Laboratory (Alborg Laboratory) (-18%), National company for maize products (-16%).
Market Capitalization
Total market capitalization of shares amounted to US$ 83.79 billion (LE 470.92 billion) as of end of May 2009 compared to US$ 77.77 billion (LE 437.87) in April 2009, representing a 7.5% increase.
The bond capitalization recorded US$ 618 million (LE 3.5 billion) for corporate bonds and US$ 16 billion (LE 92 billion) for government bonds at the end of May 2009 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In May 2009, foreign investors participated with 15.32% of the total market value traded with a net inflow of portfolio foreign investment totaling US$ 14 million (LE 76 million).
