.jpg)
Listing
Total number of listed companies on EGX in March 2009 decreased to 351 companies as opposed to 354 in the previous month.
There were no new listed companies this month.
Turnover
Total number of trading days in March 2009 amounted to 22 days with total value traded of US$ 4249.55 million (LE 23967.49 million). Value traded of listed securities amounted to US$ 3881.55 million (LE 21891.95 million), of which shares, bonds and funds represented 84.85%, 15.15% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 368.0 million (LE 2075.54 million), which represents 9% of total value traded for the month.
This is in comparison to February 2009, when value traded of listed securities amounted to US$ 2277.72 million (LE 12778.05 million), of which shares represented 73.80%, bonds 26.20%, and funds 0.00%. In addition, the OTC trading amounted to US$ 412.21 million (LE 2312.47 million) i.e. 15% of total trading (on- and off-exchange trading), which reached US$ 2689.93 million (LE 15090.52 million).
Total volume traded of listed securities market for this month reached 2,775.07 million securities.
During March 2009, 1,347,777 transactions were concluded with an average of 61263 trades per day, as opposed to 783,572 transactions and an average of 39179 trades per day in February 2009.
Indices
EGX 30 index, the official market index, witnessed a 16.58% increase in March 2009 to reach 4193.94 points and witnessed a YoY decline of 63.07%.
Likewise, EGX 70 price index witnessed a 20.93% increase in March 2009 to reach 524.66 points and witnessed a YoY decline of 57.12%.
Meanwhile, the Dow Jones EGX Egypt Titans 20 index witnessed a 15.56% increase in March, to close at 869.57 points on 31/3/2009, and a 62.85% decrease on a YoY basis.
Price Movements of Selected Shares
The ten most active stocks represented 49.86% of the total value & 61.3% of the total volume of shares traded for the month.
During the month of March, the top five gainers, on the official EGX market, were (in descending order of price change) Gulf Canadian Real Estate Investment Co. (+179%), Delta Construction & Rebuilding (+132%), El Shams Housing & Urbanization (+103%), Sharkia National Food (+97%) and Mansourah Poultry (+87%).
The top five losers were (in ascending order of price change) Egyptian Arabian (cmar) Securities Brokerage EAC (-24%), AJWA for Food Industries Company-Egypt (-20%), Alexandria Medical Services (-18%), The Arab Dairy Products Co. ARAB DAIRY (-12%), Ismailia Misr Poultry (-7%).
Market Capitalization
Total market capitalization of shares amounted to US$ 69.81 billion (LE 393.73 billion) as of end of March 2009 compared to US$ 62.11 billion (LE 348.4 billion) in February 2009, representing a 13.0% increase.
The bond capitalization recorded US$ 617 million (LE 3.5 billion) for corporate bonds and US$ 15 billion (LE 83 billion) for government bonds at the end of March 2009 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In March 2009, foreign investors participated with 21.64% of the total market value traded with a net outflow of portfolio foreign investment totaling US$ 71 million (LE 399 million).
