Amman Stock Exchange Monthly Performance Round-up January 2013

Transcription

1 Amman Stock Exchange Monthly Performance Round-up January 213

2 General Free Float Index Performance The Amman Stock Exchange (ASE) General Index was increasing rapidly since the beginning of the year peaking at 259, a level the index has not reached since August 211. The index dropped slightly by the end of the month closing at making a 4.45% growth since the beginning of the month. Figure 1: General Index during January 213 2,8 2,6 2,4 2,2 2, 1,98 1,96 1,94 1,92 1,9 1,88 General Index January 213 Figure 2: General Index during January 212 General Index January 212 2,4 2,2 2, 1,98 1,96 1,94 1,92 1,9 Awraq Investments Tel: Fax: P.O. Box Amman 1111 Jordan

3 -1.2% -2.2% -.4% -5.7% -7.% -8.2% -.4% 3.1% 3.2%.5%.8%.4%.% 5.9%.%.3% 1.1% 1.9% 1.2% 2.2% 8.4% 1.7% 18.1% 31.8% -6.4% -6.1% -8.2% -2.8% -3.6% -1.5% -1.2% -1.7% -3.2% -.5% -2.5% -.8% -.7% 2.%.5%.6%.7% 4.5% 5.2% 3.2% 5.6% 6.1% 5.2% 8.3% ASE Monthly Performance Round up January 213 Sector Performance Eighteen out of the twenty three sectors of the ASE witnessed stock prices gains; the highest gainer of the ten sectors was the Tobacco sector which grew 31.8% during January, due to the increase of 4% in the price of Al Eqbal Investment (EICO), where the company announced its distributing 1% cash dividends and 25% stock dividends. the second highest growth was recorded by the Real Estate sector which grew by 8.3%, while the Educational services sector came in third where it grew by 6.1%. Figure 3: Sectors Performance during January 213 January 212 January 213 1% 8% 6% 4% 2% % -2% -4% -6% -8% -1% The highest drop in stock prices during January 213 was witnessed in the Textiles index where it dropped 8.2%, other notable drops include the Media index which dropped 8.2%, while the Hotels and Tourism index dropped by 2.5%. Figure 4: Sectors Performance during January 213 (Continued) January 212 January % 3% 25% 2% 15% 1% -5% % 5% -1% -15% Page 2 of 6

4 Million Shares Million JOD ASE Monthly Performance Round up January 213 Value Traded & Trading Volume Trading value during January has amounted to JOD 21 million, an increase of 39.2% compared to the same month last year. The increase was mainly due Arab Bank (ARBK) trading during the month where it was the largest company in terms of value traded, probably due to investors expectations of dividends distributions by the bank, which were later announced to be 3%. Figure 5: Value Traded during Value Traded 211 Value Traded 212 Value Traded Volume traded has also increased by 7.3% compared to January last year, where volume amounted to 212 million shares. Figure 6: Trading Volume during Volume Traded 211 Volume Traded 212 Volume Traded Page 3 of 6

5 ASE Monthly Performance Round up January 213 Top Ten Gainers during January 213 The top gainer during January 213 was United Group for Land Transport (UGLT) which went up from JD 1.5 to JD 5.37 during the month. The company rarely trades and the increase was due a single traded that occurred during the month. The second top gainer was Arab East for Real Estate (REAL) a real estate company that reported a net income of JOD 319 thousand for H1 212 after reporting losses for the previous two years. Figure 7: Top 1 Gainers during January 213 Company's Name Sector Stock Performance During Jan 213 Closing Price end of Jan 213 UGLT United Group For Land Transport Co. P.L.C Transportation 411.4% 5.37 REAL Arab East For Real Estate Investments Co Real Estate 62.2% 1.8 FRST First Jordan Investment Company Plc Diversified Financial Services 44.4%.13 EICO Al-Eqbal Investment Company Ltd Tobacco and Cigarettes 39.9% ICMI International For Medical Investment Health Care Services 35.4% 1.72 ARED Arab Real Estate Development Real Estate 33.3%.4 JNTH Al-Tajamouat For Catering And Housing Co Plc Real Estate 28.4% 1.4 CARD International Cards Company Diversified Financial Services 28.2%.5 EJAD Ejada For Financial Investments Diversified Financial Services 28.%.32 JDPC Jordan Dubai Properties Real Estate 25.%.4 (ASE) Top Ten Losers during January 213 The following table illustrates the top ten losers in term of stock price performance during January 213. The top losing company during January 213 was Darwish Al Khalili (DKHS) where it witnessed a drop of 22.2% during the month. The company did not report any quarterly or semiannual results during the year 212, DKHS reported losses of JOD (2.24) million in 211 and JOD (7) million in 21. Figure 8: Top 1 Losers during January 213 Company's Name Sector Stock Performance During Jan 213 Closing Price at end of Jan 213 DKHS Darwish Al-Khalili And Sons Co. Plc Commercial Services -22.2%.7 ARGR Arab Jordanian Insurance Group Insurance -2.%.4 JOPP Jordan Press & Publishing/(Ad-Dustour) Media -19.7%.49 JOSE Jordan Company For Electricity And Oil Shale Mining and Extraction Industries -16.%.89 INOH Comprehensive Multiple Project Company Chemical Industries -15.8% 1.1 ENTK Alentkaeya For Investment&Realestate Development Company Plc Real Estate -15.3%.72 NAST National Steel Industry Mining and Extraction Industries -13.6%.19 SECO South Electronics Commercial Services -12.5%.7 IENG Rum Aladdin Industries Engineering and Construction -11.% 1.13 RICS Al-Rakaez Investment Co. Hotels and Tourism -1.3%.7 (ASE) Page 4 of 6

6 million JD million ASE Monthly Performance Round up January 213 The following graphs illustrate the top ten companies traded in terms of value and volume. Figure 9: Top 1 Companies by Value Traded during January 213 Top 1 Value traded Value traded (JD) % To the total value traded ARBK 3,95, % JNTH 16,841, % RJAL 11,39, % AEIN 1,76,488 5.% JOPH 8,927, % UINV 8,166, % JCBK 7,162,59 3.6% IDMC 6,871, % INMA 5,18, % ULDC 5,8, % Figure 1: Top 1 Companies by Trading Volume during January Top 1 Volume traded Volume traded % To the total volume traded IDMC 14,325, % RJAL 14,177, % JNTH 13,265, % SPIC 11,391, % IBFM 11,39,58 5.4% REDV 1,998, % AEIN 8,464,57 4.% UAIC 7,872,12 3.7% SURA 7,61,72 3.6% JCBK 7,181,39 3.4% Figure 11: Top 1 Market Caps performance during January 213 Company's name Market capital End of Jan (JD million) % to the total market capital Stock Performance During January 213 Closing Price end of Jan 213 ARBK Arab Bank 4, % 11.9% 8. APOT Arab Potash 3, %.1% THBK The Housing Bank for Trade and Finance 2, % 1.2% 8.35 JTEL Jordan Telecommunications 1, %.4% 5.34 JOPH Jordan Phosphate Mines 1, % 5.4% 13.7 JOIB Jordan Islamic Bank for Finance and Investment % 13.7% 3.24 BOJX Bank of Jordan % 5.7% 2.43 JOKB Jordan Kuwait Bank % 7.7% 3.23 CABK Cairo Amman Bank % -3.3% 2.66 EICO Al-Eqbal Investment Company Ltd % 39.9% *Source : Amman Stock Exchange, % to total market cap as at end of January Page 5 of 6

7 ASE Monthly Performance Round up January 213 Disclaimer Awraq Investments and its affiliates obtain information from sources they believe to be reliable, but do not warrant its accuracy or fitness for a particular purpose, and disclaim for themselves and their information providers all liability arising from the use. The Information in this publication is provided in good faith for informational purposes only. The information provided is not offered as tax, legal, or investment advice, or an offer to buy or sell securities or otherwise. The information provided in this publication may be displayed and printed for your personal, non-commercial use only. You may not reproduce, re-transmit, distribute, disseminate, sell, publish, broadcast, or circulate the information in any form or media to anyone, without the expressed written consent of Awraq Investments. Awraq Investments is not liable for any loss resulting from any action taken or reliance made by any person on any information or material posted by it. You should make your own inquiries and seek independent advice from relevant industry professionals before acting or relying on any information or material made available to you in this publication. You rely on this information at your own risk. Awraq Investments, its subsidiaries, parent, and/or any connected parties, may act or trade and/or enter into any transaction that maybe inconsistent or disregard any information contained herein. Contacts If you would like to be added to our mailing list, please send an to research@awraq.com with the subject Subscribe. To contact us please visit our website: Or call , our Fax: or call Toll Free: , P.O. Box Amman 1111 Jordan. Or send us an to Awraq@awraq.com Page 6 of 6