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Listing
Total number of listed companies on EGX in February 2009 decreased to 354 companies as opposed to 368 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in February 2009 amounted to 20 days with total value traded of US$ 2689.93 million (LE 15090.52 million). Value traded of listed securities amounted to US$ 2277.72 million (LE 12778.05 million), of which shares, bonds and funds represented 73.80%, 26.20% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 412.21 million (LE 2312.47 million), which represents 15% of total value traded for the month.
This is in comparison to January 2009, when value traded of listed securities amounted to US$ 2,425.75 million (LE 13,438.68 million), of which shares represented 83.05%, bonds 16.96%, and funds 0.00%. In addition, the OTC trading amounted to US$ 1,516.74 million (LE 8,402.72 million) i.e. 38% of total trading (on- and off-exchange trading), which reached US$ 3,942.49 million (LE 21,841.39 million).
Total volume traded of listed securities market for this month reached 1,395.54 million securities.
During February 2009, 783,572 transactions were concluded with an average of 39179 trades per day, as opposed to 933,070 transactions and an average of 49,109 trades per day in January 2009.
Indices
CASE 30 price index, the official market index, witnessed a 7.16% decrease in February 2009 to reach 3,597.56 points and witnessed a YoY decline of 68.26%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 7.76% decrease in February, to close at 752.47 points on 26/2/2009, and a 67.85% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 61.31% of the total value & 66.91% of the total volume of shares traded for the month.
During the month of February, the top five gainers, on the official EGX market, were (in descending order of price change) Suez Canal Automotive Repair and Maintenance (+85%), TransOceans Tours (+63%), GMC for Industrial Commercial & Financial Investments (+38%), Arab Ceramics (Aracemco) (+27%) and Ahli United Bank Egypt (+19%).
The top five losers were (in ascending order of price change) PIRAEUS Bank Egypt (-35%), GB AUTO (-35%), Ceramic & Porcelain (-35%), Rowad Tourism (Al Rowad) (-31%), Samad Misr -EGYFERT (-30%).
Market Capitalization
Total market capitalization of shares amounted to US$ 62.11 billion (LE 348.4 billion) as of end of February 2009 compared to US$ 80 billion (LE 443.7 billion) in January 2009, representing a 21.5% decrease.
The bond capitalization recorded US$ 628 million (LE 3.5 billion) for corporate bonds and US$ 15 billion (LE 84 billion) for government bonds at the end of February 2009 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In February 2009, foreign investors participated with 21.45% of the total market value traded with a net inflow of portfolio foreign investment totaling US$ 0.9 million (LE 5 million).
