Listing
Total number of listed companies on EGX in May 2010 increased to 219 companies as opposed to 218 in the previous month.
There was one new listed company this month, with a total capitalization of LE 520 million.
Turnover
Total number of trading days in May 2010 amounted to 22 days with a total value traded of US$ 5,107.93 million (LE 28,910.91 million). Value traded of listed securities amounted to US$ 4,174.07 million (LE 23,625.23 million), of which shares, bonds and funds represented 77.57%, 22.43% and 0.00%, respectively. Unlisted securities i.e. Over the Counter trading reached US$ 933.86 million (LE 5,285.68 million), which represents 18% of total value traded for the month.
This is in comparison to April 2010, when value traded of listed securities amounted to US$ 5,177.24 million (LE 28,785.47 million), of which shares represented 88.95%, bonds 11.05% and funds 0.00%. In addition, the OTC trading amounted to US$ 266.75 million (LE 1,483.13 million) i.e. 5% of total trading (on- and off-exchange trading), which reached US$ 5,443.99 million (LE 30,268.60 million).
Total volume traded of listed securities market for this month reached 2,651.63 million securities.
During May 2010, 930,225 transactions were concluded with an average of 42,283 trades per day, as opposed to 1,002,273 transactions and an average of 55,682 trades per day in April 2010.
Indices
EGX 30 index, the official market index, witnessed a 12.11% decrease in May 2010 to reach 6549.02 points and witnessed a YoY increase of 10.51%.
Meanwhile, EGX 70 price index witnessed a 21.10% decrease in May 2010 to reach 566.21 points and witnessed a YoY decrease of 4.31%.
Moreover, EGX 100 price index witnessed a 17.49% decrease in May 2010 to reach 965.36 points and witnessed a YoY decrease of 2.12%.
Additionally, the Dow Jones EGX Egypt Titans 20 index witnessed an 11.06% decrease in May, to close at 1405.16 points on 31/05/2010 and witnessed a YoY increase of 15.40%.
On the other hand, the S&P/EGX ESG index witnessed an 11.55% decrease in May, to close at 985.60 points and witnessed a YoY increase of 10.37%.
Price Movements of Selected Shares
The ten most active stocks represented 65.46% of the total value & 74.40% of the total volume of shares traded for the month.
During the month of May, the top five gainers, on the official EGX market, were (in descending order of price change) Egyptian Arabian (cmar) Securities Brokerage EAC (+44%), Arab Valves Company (+22%), Modern Company for water proofing (Bitumode) (+14%), GB AUTO (+14%) and Moquette mac (+10%).
The top five losers were (in ascending order of price change) Egyptian for Developing Building Materials (-45%), Nozha International Hospital (-40%), Mansourah Poultry (-38%), GMC Group for Industrial Commercial & Financial Investments (-36%) and Egyptian Real Estate Group (-34%).
Market Capitalization
Total market capitalization of shares amounted to US$ 75.2 billion (LE 425.9 billion) as of end of May 2010 compared to US$ 86.6 billion (LE 481.4 billion) in April 2010, representing a decrease of 11.5%.
The bond capitalization recorded US$ 796 million (LE 4.5 billion) for corporate bonds and US$ 27 billion (LE 155.2 billion) for government bonds at the end of May 2010 (Including Treasury Bonds according to Primary Dealers System).
Foreign Participation
In May 2010, foreign investors participated with 24.46% of the total market value traded, with a net inflow of portfolio foreign investment totaling US$ 121 million (LE 685 million).