Amman Stock Exchange (ASE) Daily Market Report April 28th, 2013

Transcription

1 Amman Stock Exchange (ASE) Daily Market Report April 28th, 2013 Market Summary: Trading value for Thursday 25/04/2013 reached JOD (11.6) million. (12.5) million shares were traded through (4,893). The shares price index closed at ( ) point, a decrease of (0.37%). The shares of (132) companies were traded, the shares prices of (49) companies rose, and the shares prices of (43) declined. At the sector level, the financial index decreased by 0.42%, the Industrial index decreased by 0.42%, and the index decreased by 0.38%. Figure 1: Free Float Index Economic News No electricity price hike if MPs have answers PM Prime Minister Abdullah Ensour on Friday said that no decision to increase prices of electricity will be taken without consultation with the Lower House. In an interview with Jordan TV on Friday, Ensour said that if deputies suggested convincing alternatives to address the National Electric Power Company s (NEPCO) annual deficit of JD1.2 billion, the move would not be taken. Ensour added that his government will suggest in the House solutions to NEPCO s deficit and will not take any decision to increase electricity prices until providing MPs with all the facts and figures about the company s annual losses, which are blamed on the electricity subsidy. Public debt exceeds JOD 16.7 billion at the end of February Net public debt rose in the Kingdom during the first two months of this year by 0.3% to reach JOD billion at the end of February, according to a bulletin released by the Ministry of Finance. The bulletin indicated that the public debt amounted to JOD billion at the end of last year. The public debt to the GDP ratio reached 69.7%. The bulletin also revealed a deficit in the general budget during the first two months of this year amounted to 19.1 million; compared to a deficit of JOD 39.8 million in the same period last year. Figure 2: Top Gainers Figure 3: Top losers Close Close Change Price Price Change AIFE % NCCO % AMAD % SECO % EJAD % JNCC % NAQL % JOIB % JOCF % MEIN % Figure 4: Top Companies by Value Traded Closing price Value Traded IDMC ,118,577 JNTH 2.7 1,031,333 JOCF ,309 JEDI ,038 FATI ,499 Figure 5: Top Companies by Trading Volume Closing price Trading Volume IDMC ,527,304 SPIC ,575 REDV ,068 FINS ,100 SECO ,660 Awraq Investment Tel: Fax: P.O. Box Amman Jordan

2 KOICA: Cooperation with Jordan on the rise The Chief Representative of the Korean International Cooperation Agency KOICA Jordan Office, Han Young-tae, said on Saturday that his agency would continue to provide assistance to Jordan as his country seeks to improve ties between the two countries in various fields. KOICA hosts 60 Jordanian officials in Korea every year to exchange expertise on development and advanced technologies, Han said. He added that tens of KOICA volunteers have been sent to Jordan during the past few years to teach the Korean language and provide assistance and social care. Expectations to receive a grant worth USD 200 million from U.S. to cope with the Syrian refugees this week A government source confirmed earlier that the Kingdom will sign an agreement with the United States during the week, which will be an additional aid transfer agreement worth USD 200 million to support the general budget in the face of the Syrian refugee burden, According to Al-Ghad newspaper. Corporate News Arab Bank Group announces USD205.1 million net profit during 1st quarter of this year Arab Bank Group announced in a press statement on Saturday that it generated USD 205.1million net profit (after taxes and provisions) during the first quarter of 2013 compared to USD million in the first quarter of last year. Net-adjusted operating income [excluding one off mark to market effects] grew by 7% compared to the same period of last year, reflecting the robust performance of the bank despite the challenging environment in the region, the press release said. Sabih Al-Masri, Arab Bank s chairman attributed growth in net operating income to an increase in net interest earnings and good control over operating expenses which declined compared to March 31, According to Masri, the group s efficiency ratio (operating expenses to operating revenue) improved from 40% last year to 38.9% this year. Nemeh Sabbagh, Arab Bank s chief executive officer, stressed in the press release that the bank remains committed to prudent credit policies and that loan provisions were 35% lower than those set aside last year. The bank s provisions coverage for non performing loans stood at a healthy 115%, excluding the value of collaterals held. An increased profits for the Arab Banking Corporation (ABCO) The Arab Banking Corporation s net income increased by 2.37% which reached JOD 3.02 million at the end of the first three months of 2013 compared to the same period last year where net income stood at JOD 2.95 million. While interest income hiked to reach JOD million compared to JOD million. Direct credit facilities increased to reach JOD million in Q compared to the end of last year JOD million, while non performing loans slightly increased in Q to become JOD million from JOD million at the end of last year. Page 2 of 5

3 Figure 5: Value Traded Figure 6: Trading Volume Industrial 6% Diversified 8% 10% Transportatio n 5% Industries 7% 11% 34% 10% Diversified 8% Hotels and Tourism Industrial 4% 4% Industries 4% 11% 36% Real Estate 19% Real Estate 23% Figure 7: Regional Markets Indices Figure 8: International Markets Indices Index Close % Change Year to Date Index Close % Change Year to Date KSA % 2.62% S&P % 5.90% Dubai % 7.69% Dow Jones % 3.35% Abu Dhabi % 2.10% Nasdaq % 10.37% Egypt % 27.77% London % 0.19% Qatar % -6.83% Nikkei % 4.95% Kuwait % -0.44% Source: Bloomberg Oman % -0.13% Lebanon % -3.35% Source: Bloomberg Page 3 of 5

4 Figure 9: Banks Listed on the Amman Stock Exchange (ASE) Company Name Market Cap Capital Closing Change in Trailing P/E P/BV Div. Yield (Million) (Million) price price EPS ROA ROE Latest F.S ARBK Arab Bank 3, % % % 6.74% FY 2012 THBK The Housing Bank for Trade and Finance 2, % % 9.98% FY 2012 BOJX Bank of Jordan % % 11.41% FY 2012 JOKB Jordan Kuwait Bank % % % 12.23% FY 2012 JOIB Jordan Islamic Bank for Finance and Investment % % % 15.95% FY 2012 CABK Cairo Amman Bank % % 14.63% FY 2012 AHLI Jordan National Bank % % % 9.08% FY 2012 EXFB Capital Bank Of Jordan % % 9.86% FY 2012 UBSI Union Bank % % % 6.27% FY 2012 SGBJ Société Générale de Banque - Jordanie % % 4.39% Q AJIB Arab Jordan Investment Bank % % 9.67% FY 2012 INVB Jordan Investment and Finance Bank % % 10.76% Q ABCO Arab Banking Corporation / (Jordan) % % % 8.44% FY 2012 JDIB Industrial Development Bank % % 1.68% FY 2012 JCBK Jordan Commercial Bank % % 1.99% FY 2012 Source: Companies s & Bloomberg Figure 10: Highest Market Capitalization listed on the ASE Company Name Market Cap Capital Closing Change in Trailing P/E P/BV Div. Yield (Million) (Million) price price EPS ROA ROE Latest F.S APOT Arab Potash 3, % % 2.06% FY 2012 JTEL Jordan Telecommunications 1, % % % 28.33% FY 2012 JOPH Jordan Phosphate Mines % % 16.93% FY 2012 JOEP Jordan Electric Power % % % 10.19% Q JOPT Jordan Petroleum Refinery % % % 62.97% F.Y 2011 EICO International Tobacco and Cigarettes % % 36.47% FY 2012 NCCO Northern Cement % % % 7.14% FY 2012 JOCM Jordan Cement Factories N/A % % % FY 2012 RJAL Alia-The Royal Jordanian Airlines % % % 1.87% FY 2012 MANE Afaq For Energy Company % % % 6.01% FY 2012 ZARA Zara Investments % % 0.81% FY 2012 AIEI Arab International for Education and Investment % % 20.87% FY 2012 MDTR Mediterranean Tourism Investment % % 4.68% FY 2012 JDFS Jordanian Duty Free Shops % % 26.36% F.Y 2011 JOST Jordan Steel % 1, % % 0.06% FY 2012 DADI Dar Al Dawa Development and Investment % N/A % % % Q Source: Companies s & Bloomberg

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