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Total number of listed companies on CASE in June 2006 decreased to 656 companies as opposed to 695 in the previous month.
There was one new listed company this month, with a total capitalization of LE 15 million.
Turnover
Total number of trading days in June 2006 amounted to 21 days with total value traded of LE 12,397.92 million. Value traded of listed securities amounted to LE 11,835.64 million, of which shares, bonds and funds represented 90.94%, 9.06% and 0.00%, respectively. On the other hand, OTC trading reached LE 562.28 million, which represents 5% of total value traded for the month.
This is in comparison to May 2006, when value traded of listed securities amounted to LE 23,013.37 million, of which shares represented 95.89%, bonds 4.11% and funds 0.00%. In addition, the OTC trading amounted to LE 923.46 million i.e. 4% of total trading (on- and off-exchange trading) which reached LE 23,936.83 million.
Total volume traded of listed securities market for this month reached 434.30 million securities.
During June 2006, 406,294 transactions were concluded with an average of 19,347 trades per day, as opposed to 553,149 transactions and an average of 25,143 trades per day in May 2006.
Indices
CASE 30 Price index, the official market index, witnessed a 11.01% decrease in June 2006 to reach 4772.78 points and witnessed a 1.16% decrease on YoY.
However, the MSCI Egypt index witnessed a 10.51% decrease in June, to close at 568.63 points on 30/06/2006, and a 0.77% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 80.50% of the total volume of shares traded and 72.07% of total value of shares traded for the month.
During the month of June, the top ten gainers, on the official CASE market, were (in descending order of price change) Arab Egyptian Engineers Co. for Development of Tourism (+1195%), Nile Investments Securities (+1100%), International Company for Leasing (IncoLEASE) (+83%), Alexandria Commercial & Maritime Bank (+45%), Giza Cables (+39%), Housing & Development Bank (+32%), Upper Egypt Contracting (+23%), South Valley Cement (+23%), Cairo Poultry (+21%) and Egyptian Saudi Finance Bank (Coupon 100%) (+16%).
The top ten losers were (in ascending order of price change) Calyon Bank Egypt (-78%), Heliopolis Housing (-44%), Egyptian Financial Group-Hermes Holding Company (-25%), El Ezz Steel Rebars (-24%), Delta Construction & Rebuilding (-23%), Gulf Canadian Real Estate Investment Co. (-23%), Medinet Nasr Housing (-22%), El Nasr Transformers (El Maco) (-22%), El Ezz Porcelain (Gemma) (-20%) and Egyptian Electrical Cables (-18%).
Market Capitalization
Total market capitalization of shares amounted to LE 377.07 billion as of end of June 2006 compared to LE 404.53 billion in May 2006, representing a 6.8% decrease.
The bond capitalization recorded LE 5.84 billion for corporate bonds and LE 60.23 billion for government bonds at the end of June 2006 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In June 2006, foreign investors participated with 24.97% of the total market value traded with a net outflow of portfolio foreign investment totaling LE 246 million.
