EGX 30 index
| EGX 30 index | |
|---|---|
| base data | |
| Country | Egypt |
| Stock exchange | Egyptian Exchange |
| ISIN | not known |
| WKN | not known |
| symbol | EGX30 |
| RIC | ^ EGX30 |
| Bloomberg code | CASE <INDEX> |
| category | Stock index |
| Type | Price index |
| family | EGX |
The EGX 30 Index (formerly CASE 30 Index ) is the leading share index in Egypt . It is calculated by the Egyptian Exchange (EGX), the Egyptian stock exchange in Cairo and comprises the 30 largest companies in the country.
calculation
The EGX 30 is a price index and contains the 30 leading companies in terms of liquidity and trading volume . To be included in the index, the company must be financially viable, have a high level of liquidity, be traded on the Egyptian Exchange (EGX) and have at least 15 percent free float . This ensures that the shares represent the companies with the highest turnover in the country and that the index represents a serious stock market barometer for the Egyptian market.
The index level is determined solely on the basis of share prices and only adjusted for income from subscription rights and special payments. The weighting is based on the market capitalization of the listed companies. Corporate actions such as stock splits have no (distorting) influence on the index. The composition is reviewed twice a year (February and August). The calculation is updated every 60 seconds during EGX trading hours from 10:30 a.m. to 2:30 p.m. local time (9:30 a.m. to 1:30 p.m. CET ).
history
Historical overview
The index was first published on January 1, 1998 under the name CASE 30 Index (base value 1000 points) and was calculated back to 1996. In 1997 and 1998 parts of the world suffered financial , currency and economic crises ( Asian crisis , Brazilian crisis , Russian crisis ). As a result, the Egyptian leading index fell by December 13, 1998 by 35.9 percent to a closing level of 640.69 points. On December 6, 1999 the CASE 30 closed with 1,015.40 points for the first time above the 1,000 point mark. On January 19, 2000, it ended trading at 1,291.53 points. That was an increase of 101.6 percent since December 1998.
After the speculative bubble burst in the technology sector ( dot-com bubble ), the share index lost 65.5 percent of its value over the next two years. On January 28, 2002, it closed at 445.53 points. The date means the end of the descent. From the beginning of 2002 the CASE 30 began to rise again. On July 5, 2005, the stock market barometer passed the 5,000 point mark for the first time with a final reading of 5,005.57 points, and on December 5, 2007, it exceeded the 10,000 point mark for the first time with 10,082.39 points. On May 5, 2008, the CASE 30 closed trading at an all-time high of 11,935.67 points. The profit since January 2002 is 2,579.0 percent.
In July 2008, the 125-year-old Cairo and Alexandria Stock Exchange (CASE) was renamed the Egyptian Exchange (EGX). To reflect this change, the CASE 30 Index has been renamed the EGX 30 Index .
In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. From the third quarter of 2008, the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On October 23, 2008, the EGX 30 dropped below the 5,000 point mark. The stock market barometer reached a new low on February 5, 2009, when it closed trading at 3,389.31 points. This corresponds to a decrease of 71.6 percent since May 5, 2008. It was the biggest fall in the history of the Index. February 5th, 2009 marks the turning point of the downward trend. From the beginning of 2009 the EGX 30 was on the way up again. By April 27, 2010 it rose by 124.3 percent to a closing level of 7,603.04 points.
The 2011 revolution in Egypt resulted in a large outflow of capital within a short period of time. On January 27, 2011, the Egyptian benchmark index fell by 10.52 percent and closed at 5,646.50 points. The stock market barometer had already lost 6.14 percent the day before. In view of the ongoing protests, the exchange was closed from January 28 to March 22, 2011 by order of the exchange supervisory authority. On March 23, 2011, the first trading day after the riots, the index lost 8.92 percent of its value. In addition to foreign investment, tourism , one of the most important economic sectors in the country, had come to a standstill. In addition, the industry produced below the capacity limits and the economy was generally weakened by a wave of strikes. The Egyptian stock exchange was closed for a total of 38 days. From a trading stop of 40 days, the US financial services provider Morgan Stanley Capital International (MSCI) initiates a procedure, at the end of which there was a threat of exclusion from the MSCI Emerging Markets Index .
On December 28, 2011, the EGX 30 closed at 3,586.55 points. Since the annual high on January 5, 2011 at 7,210.41 points, the loss has been 50.2 percent.
Highs
The overview shows the all-time highs of the EGX 30 index.
| Points | date | |
|---|---|---|
| in the course of trading | 11,999.87 | Monday May 5, 2008 |
| on a closing price basis | 11,935.67 | Monday May 5, 2008 |
Milestones
The table shows the milestones of the EGX 30 index.
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Annual development
The table shows the annual development of the EGX 30 index calculated back to 1996.
| year | Final score in points |
Change in points |
Change in% |
|---|---|---|---|
| 1996 | 861.33 | ||
| 1997 | 999.68 | 138.35 | 16.06 |
| 1998 | 660.10 | −339.58 | −33.97 |
| 1999 | 1,139.82 | 479.72 | 72.67 |
| 2000 | 715.74 | −424.08 | −37.21 |
| 2001 | 490.05 | −225.69 | −31.53 |
| 2002 | 492.85 | 2.80 | 0.57 |
| 2003 | 1,155.51 | 662.66 | 134.45 |
| 2004 | 2,567.99 | 1,412.48 | 122.24 |
| 2005 | 6,324.70 | 3,756.71 | 146.29 |
| 2006 | 6,973.41 | 648.71 | 10.26 |
| 2007 | 10,549.74 | 3,576.33 | 51.29 |
| 2008 | 4,596.49 | −5,953.25 | −56.43 |
| 2009 | 6,208.77 | 1,612.28 | 35.08 |
| 2010 | 7,142.14 | 933.37 | 15.03 |
| 2011 | 3,622.35 | −3,519.79 | −49.28 |
| 2012 | 5,462.42 | 1,840.07 | 50.80 |
| 2013 | 6,782.84 | 1,320.42 | 24.17 |
| 2014 | 8,926.58 | 2,143.74 | 31.61 |
| 2015 | 7,089.06 | −1,837.52 | −20.58 |
| 2016 | 12,344.89 | 5,338.88 | 76.20 |
| 2017 | 15,019.14 | 2,674.25 | 21.66 |
| 2018 | 13,035.77 | −1,983.37 | −13.21 |
composition
The EGX 30 Index consists of the following values (as of March 15, 2016).
| Surname | Branch | Market capitalization [million EGP] |
|---|---|---|
| ALICO | aluminum | 179.9 |
| Amer Group Holding | property | 1780 |
| Arab Cotton Ginning | Cotton processing | 749.4 |
| Ceramic & Porcelain | Ceramic products | 206.5 |
| Commercial International Bank | Banks | 45800 |
| Eastern Tobacco | tobacco | 9120 |
| EFG-Hermes Holding Company | Banks | 4940 |
| Egyptian Kuwaiti Holding | Affiliates | 502.0 |
| Egyptians Abroad | Financial services | 152.0 |
| Egyptians For Invest & Urban Develop | property | 76.0 |
| El Saeed Contracting & Real Estate Investment | property | 498.3 |
| El Wadi Co. Touristic Investement | tourism | 272.1 |
| Electro Cable Egypt | Supplier | 448.2 |
| Elsewedy Electric | technology | 9490 |
| Ezz Steel | steel | 4860 |
| Ghabbour Group | Automobile manufacturing | 2760 |
| Global Telecom | telecommunications | 14990 |
| Heliopolis Housing | property | 5170 |
| Juhayna Food | food | 6300 |
| Medinet Nasr Housing | property | 7410 |
| Orascom Telecom | telecommunications | 3460 |
| Oriental weavers | Textile industry | 3530 |
| Palm Hills Development Company | property | 5450 |
| Pioneers Holding | Financial services | 4340 |
| Prime Holding | Financial services | 216.3 |
| Sidi Kerir Petrochemicals | chemistry | 6270 |
| Six of October Development & Investment | property | 2670 |
| South Valley Cement | Construction | 1790 |
| Telecom Egypt | telecommunications | 12890 |
| TMG Holding | property | 11540 |
Web links
Individual evidence
- ↑ Telebörse.de: Banks and Stock Exchanges Closed - Precautions in Egypt , from January 30, 2011
- ^ A b c d Egyptian Exchange: Historical prices from 1998
- ↑ Die Presse: Cairo Stock Exchange: Only Loss Limits Avoid Total Crash , from March 23, 2011
- ↑ Forexpros: Historical prices from 2010
- ↑ EGX 30 Index (Egypt) Yearly Stock Returns. Retrieved December 13, 2019 .
- ^ Egyptian Exchange: Constituents