Amman Stock Exchange (ASE) Daily Market Report December 29 th, 2014

Transcription

1 Amman Stock Exchange (ASE) Daily Market Report December 29 th, 2014 Market Summary: Trading value for Sunday 28/12/2014 reached JOD (15.4) million. (16.2) million shares were traded through (4,709). The shares price index closed at ( ) point, an increase of (0.19%). The shares of (138) companies were traded, the shares prices of (67) companies rose, and the shares prices of (39) declined. At the sector level, the index increased by 0.42%, the Industrial index increased by 0.28%, and the financial index increased by 0.16%. Free Float Index Economic News Business sector sees energy, tax burdens as major challenges in 2015 Representatives of the commercial and industrial sectors on Sunday expected 2015 to be a tough year for businesses in Jordan. In separate interviews with The Jordan Times, President of the Jordan Chamber of Commerce Nael Kabariti and Director General of the Jordan Chamber of Industry Maher Mahrouq expected Jordan's economic competitiveness to regress if electricity tariffs and the income tax do not drop. However, they called on the government to reconsider its electricity pricing mechanism to cut down extra operational costs on businesses. In 2013, the government started applying a five-year plan that gradually increases electricity rates on most economic sectors by nearly 15 per cent in order to bring the stateowned National Electric Power Company to cost recovery. Kingdom lost 1.5% per capita due to Syrian crisis World Bank The greater Levant region, including Jordan, has lost USD 35 billion in income due to the Syrian war and the spread of the Islamic State (IS) group, said a recently released World Bank working paper. Titled Regional Economic Effects of the Syrian War and the Spread of the Islamic State, the paper said Jordan has lost 1.5 percent per capita due to hosting Syrian refugees since Aggregate incomes [in countries affected by the Syrian crisis] have increased less than population numbers, so standards of living have fallen in general, with per capita incomes declining the most in Lebanon (11 percent) and much less so in Turkey, Jordan and Egypt (1.5 percent), said the paper published on the World Bank website. Figure 1: Top Gainers Figure 2: Top losers Close Close Change Price Price Change TAMR % INMJ % WOOL % RJAL % MDTR % JNTH % PETT % ICAG % DARA % SURA % Figure 3: Top Companies by Value Traded Closing price Value Traded IDMC ,167,868 NAQL ,041,149 PHIL ,255,495 JNTH ,507 JOEP ,894 Figure 4: Top Companies by Trading Volume Closing price Trading Volume NAQL ,749,446 IDMC ,686,523 JOIR 0.5 1,164,896 WIRE ,861 JNTH ,611 Awraq Investment Tel: Fax: P.O. Box Amman Jordan

2 Local, foreign companies to begin building 8 solar power plants Eight local and foreign companies were granted licenses Sunday to start procedures to build eight solar-run power plants in the Kingdom, according to the Energy and Minerals Regulatory Commission (EMRC). The commission gave a 20-year license to each of the eight companies to build solar plants in the south of the Kingdom, according to the EMRC Chief Commissioner. The power plants have a total capacity of 150 megawatts, he said, and will be built at a total cost of USD 300 million. Russian gov t endorses nuclear power plant deal with Jordan Russian Prime Minister Dmitry Medvedev has endorsed a draft agreement to build Jordan s first nuclear power plant, according to the Russian government. The Russian-Jordanian intergovernmental agreement entails cooperation in the construction and maintenance of a nuclear plant in Jordan between Rosatom State Nuclear Energy Corporation and Jordan. The nuclear power plant will consist of two power units 1,000 megawatts (MW) each. The first power unit is scheduled to be launched in 2024, while the second will be ready by 2026 in accordance with the plant s construction schedule. Jordanian Free Zones Corporation reveals bustling activities this year The Jordanian Free Zones Corporation (JFZC) attracted 77 investment projects worth USD 500 million during 2014, its chairman announced Sunday. Nasser Shraideh said the investors, whose businesses covered industrial and commercial activities, began preparing and setting up their ventures in 2014 and are scheduled to start production next year. The industrial undertakings include manufacturing and assembling specialised cars, food and chemical factories, and packaging plants, Shraideh indicated. The commercial businesses focus on auto showrooms and logistic services, he added, noting that those projects will provide around 1,500 job opportunities. Ensour calls for enabling Aqaba authority to develop zone Prime Minister Abdullah Ensour on Sunday underlined the need to launch anew the Aqaba Special Economic Zone to make it a substantial contributor to the national economy. Ensour made his remarks while chairing a Cabinet meeting during which ministers listened to a briefing by Aqaba Special Economic Zone Authority (ASEZA) Chief Commissioner Hani Mulki. The premier noted that the unjustified work stoppages observed this year have caused millions of dinars in losses in Aqaba as the work volume at the port declined by around 21 and 22 percent. Figure 5: Value Traded Figure 5: Trading Volume

3 Transport 11% Electrical 5% 9% Transport Electrical 7% 7% 11% 12% Financial Financial 12% 21% 18% Industrial Real Estate 16% Real Estate Industrial 14% 18% Figure 6: Regional Markets Indices Figure 7: International Markets Indices Index Close % Change Year to Date Index Close % Change Year to Date KSA % 2.92% S&P % 14.02% Dubai % 14.83% Dow Jones % Abu Dhabi % 5.43% Nasdaq % 16.02% Egypt % 28.39% London % -1.21% Qatar % 19.78% Nikkei % 12.01% Kuwait % % Source: Bloomberg Oman % -6.35% Lebanon % 1.42% Source: Bloomberg Page 3 of 5

4 Figure 8: Banks Listed on the Amman Stock Exchange (ASE) Company Name Market Cap Capital Closing Change in Trailing Latest P/E P/BV Div. Yield ROA ROE (Million) (Million) price price EPS F.S ARBK Arab Bank 3, % % % 7.62% Q THBK The Housing Bank for Trade and Finance 2, % % 8.63% Q BOJX Bank of Jordan % % 9.74% Q JOKB Jordan Kuwait Bank % % % 9.43% Q JOIB Jordan Islamic Bank % % % 12.51% Q CABK Cairo Amman Bank % % 11.58% Q AHLI Jordan National Bank % % 10.59% Q EXFB Capital Bank Of Jordan % % % 7.95% Q UBSI Union Bank % % % 7.17% Q SGBJ Société Générale de Banque - Jordanie % % 5.97% Q AJIB Arab Jordan Investment Bank % % 8.15% Q INVB Jordan Investment and Finance Bank % % % 1.34% H ABCO Arab Banking Corporation / (Jordan) % % 6.85% Q JDIB Jordan Dubai Islamic Bank % % % 0.57% Q JCBK Jordan Commercial Bank % % % 0.57% H Source: Companies Financials & Bloomberg Figure 9: 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 1, % % % 8.52% Q JTEL Jordan Telecommunications % % % 9.16% Q JOPH Jordan Phosphate Mines % % % -0.70% H JOEP Jordan Electric Power % N/A % % 7.94% Q JOPT Jordan Petroleum Refinery % % % 18.02% Q EICO Al-Eqbal Investment Company % % 30.53% Q NCCO Northern Cement % % % 19.87% Q JOCM Jordan Cement Factories N/A % % 2.12% Q RJAL Alia-The Royal Jordanian Airlines % N/A % % % H MANE Afaq For Energy Company % % % 12.18% Q ZARA Zara Investments % N/A % % 0.96% Q AIEI Arab International for Education and Investment % % % 10.16% Q MDTR Mediterranean Tourism Investment % % % 4.27% Q JDFS Jordanian Duty Free Shops % % 31.95% Q JOST Jordan Steel % N/A % % -2.55% Q DADI Dar Al Dawa Development and Investment % % % 5.50% Q Source: Companies Financials & Bloomberg

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