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Listing
Total number of listed companies on CASE in December 2007 decreased to 435 companies as opposed to 448 in the previous month.
No companies were listed this month.
Turnover
Total number of trading days in December 2007 amounted to 19 days with total value traded of US$ 6,381 million (LE 35,094 million). Value traded of listed securities amounted to US$ 4,982 million (LE 27,402million), of which shares, bonds and funds represented 98.98%, 1.02% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 1,399 million (LE 7,692 million), which represents 22% of total value traded for the month.
This is in comparison to November 2007, when value traded of listed securities amounted to US$ 6,977 million (LE 38,374million), of which shares represented 97.70%, bonds 2.30% and funds 0.00%. In addition, the OTC trading amounted to US$ 2,722 million (LE 14,972 million) i.e. 28% of total trading (on- and off-exchange trading) which reached US$ 9,699 million (LE 53,346 million).
Total volume traded of listed securities market for this month reached 1,031.51 million securities.
During December 2007, 807,919 transactions were concluded with an average of 42,522 trades per day, as opposed to 950,924 transactions and an average of 45,282 trades per day in November 2007.
Indices
CASE 30 price index, the official market index, witnessed a 8.52% increase in December 2007 to reach 10549.74 points and witnessed a YoY increase of 51.29%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 7.93% increase in December, to close at 2212.05 points 31/12/2007, and a 44.41% increase on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 57.65% of the total value & 58.05% of the total volume of shares traded for the month.
During the month of December, the top five gainers, on the official CASE market, were (in descending order of price change) The Egyptian Co. for Gypsum (+437 %), Marine and Petroleum Services (+254%), Alexandria Containers and goods (+150%), Canal Shipping Agencies (+97%) and United Arab Shipping (+79%).
The top five losers were (in ascending order of price change) National Glass & Crystal Co. (-44%), Saudi Egyptian Investment & Finance (-33%), Orascom Hotel Holdings (OHH) (-27%), Sharkia National Food (-25%) and TransOceans Tours (-20%).
Market Capitalization
Total market capitalization of shares amounted to US$ 139.7 billion (LE 768.3 billion) as of end of December 2007 compared to US$ 131.8 billion (LE 725.1 billion) in November 2007, representing a 6% increase.
The bond capitalization recorded US$ 927.2 million (LE 5.1 billion) for corporate bonds and US$ 12.3 billion (LE 67.6 billion) for government bonds at the end of December 2007 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In December 2007, foreign investors participated with 37.16% of the total market value traded with a net inflow of portfolio foreign investment totaling US$ 252 million (LE 1,388 million).
