Listing
Total number of listed companies on EGX in November 2008 decreased to 374 companies as opposed to 377 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in November 2008 amounted to 21 days with total value traded of US$ 3,675.10 million (LE 20,507.04 million). Value traded of listed securities amounted to US$ 3,178.84 million (LE 17,737.91 million), of which shares, bonds and funds represented 91.76%, 8.24% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 496.26 million (LE 2,769.13 million), which represents 14% of total value traded for the month.
This is in comparison to October 2008, when value traded of listed securities amounted to US$ 2,740.96 million (LE 15,075.25 million), of which shares represented 92.87%, bonds 7.13% and funds 0.00%. In addition, the OTC trading amounted to US$ 773.72 million (LE 4,255.45 million) i.e. 22% of total trading (on- and off-exchange trading) which reached US$ 3,514.68 million (LE 19,330.70 million).
Total volume traded of listed securities market for this month reached 2,082.55 million securities.
During November 2008, 1,210,188 transactions were concluded with an average of 57,628 trades per day, as opposed to 722,073 transactions and an average of 40,115 trades per day in October 2008.
Indices
CASE 30 price index, the official market index, witnessed a 10.82% decrease in November 2008 to reach 4205.86 points and witnessed a YoY decline of 56.74%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 12.37% decrease in November, to close at 885.05 points 30/11/2008, and a 56.82% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 49.71% of the total value & 60.19% of the total volume of shares traded for the month.
During the month of November, the top five gainers, on the official EGX market, were (in descending order of price change) Upper Egypt Contracting (+102%), Nasr Company for Civil Works (+72%), Cairo Development and Investment (+70%), Alexandria Spinning & Weaving (SPINALEX) (+60%) and Extracted Oils (+55%).
The top five losers were (in ascending order of price change) Prime Holding (-38%), Blom Bank Egypt (-35%), National Investment & Reconstruction (-35%), Ahli United Bank Egypt (-33%) and El Ahram Co. for Printing and Packing (-33%).
Market Capitalization
Total market capitalization of shares amounted to US$ 83 billion (LE 461.0 billion) as of end of November 2008 compared to US$ 86 billion (LE 475.4 billion) in October 2008, representing a 3% decrease.
The bond capitalization recorded US$ 826 million (LE 4.6 billion) for corporate bonds and US$ 14 billion (LE 77 billion) for government bonds at the end of November 2008 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In November 2008, foreign investors participated with 25.40% of the total market value traded with a net outflow of portfolio foreign investment totaling US$ 252 million (LE 1.4 billion).
