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Listing
Total number of listed companies on EGX in January 2009 decreased to 368 companies as opposed to 373 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in January 2009 amounted to 19 days with total value traded of US$ 3,942.49 million (LE 21,841.39 million). Value traded of listed securities amounted to US$ 2,425.75 million (LE 13,438.68 million), of which shares, bonds and funds represented 83.05%, 16.96% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 1,516.74 million (LE 8,402.72 million), which represents 38% of total value traded for the month.
This is in comparison to December 2008, when value traded of listed securities amounted to US$ 1,997.95 million (LE 10,988.70 million), of which shares represented 95.47%, bonds 4.30%, and funds 0.23%. In addition, the OTC trading amounted to US$ 778.91 million (LE 4,284.02 million) i.e. 28% of total trading (on- and off-exchange trading), which reached US$ 2,776.86 million (LE 15,272.72 million).
Total volume traded of listed securities market for this month reached 1,293.14 million securities.
During January 2009, 933,070 transactions were concluded with an average of 49,109 trades per day, as opposed to 716,558 transactions and an average of 37,714 trades per day in December 2008.
Indices
CASE 30 price index, the official market index, witnessed a 15.70% decrease in January 2009 to reach 3874.94 points and witnessed a YoY decline of 62.45%.
Likewise, the Dow Jones CASE Egypt Titans 20 index witnessed a 16.42% decrease in January, to close at 815.78 points on 29/1/2009, and a 62.25% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 49.81% of the total value & 55.11% of the total volume of shares traded for the month.
During the month of January, the top five gainers, on the official EGX market, were (in descending order of price change) Egyptian Real Estate Group Bearer Shares (+116%), Cairo Development and Investment (85%), PIRAEUS Bank Egypt (82%), Pens & Plastic Industries (Sicep) (77%) and Alexandria Flour Mills (76%).
The top five losers were (in ascending order of price change) Mohandes Insurance (39%), El Swedy Cables (29%), National Navigation (27%), Orascom Telecom Holding (OT) (26%), Olympic Group Financial Investments (25%).
Market Capitalization
Total market capitalization of shares amounted to US$ 80 billion (LE 443.7 billion) as of end of January 2009 compared to US$ 86 billion (LE 473.6 billion) in December 2008, representing a 6.3% decrease.
The bond capitalization recorded US$ 632 million (LE 3.5 billion) for corporate bonds and US$ 14 billion (LE 78 billion) for government bonds at the end of January 2009 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In January 2009, foreign investors participated with 19.08% of the total market value traded with a net outflow of portfolio foreign investment totaling US$ 86 million (LE 479 million).
