Amman Stock Exchange Monthly Performance Round-up October

Transcription

1 Amman Stock Exchange Monthly Performance Round-up October

2 Major Company results announced during October, - The Arab Bank (ARBK) ups Q3 net profit to JOD million ARBK announced in their quarterly report on Thursday that it posted a JOD million net income during the first nine months of this year, almost 17% increase compared to the same period last year where the bank reported JOD million of net income. Interest revenues also grew 8% to stand at JOD million in Q3 compared to JOD million Q Also ARBK witnessed in Q3 a significant drop in provisions for bad debt which amounted to JOD million compared to JOD million in Q The Housing Bank for Trade And Finance (THBK) announces Q3/ results THBK announced in their quarterly report net income that amounted to JOD million during the first 9 months of compared to JOD million in the same period last year, while interest income grew 7% during the first nine months of this year to reach JOD million. - Jordan Kuwait Bank (JOKB) announces Q3/ results JOKB announced in their quarterly report a slight increase in net income that amounted to JOD million during the first 9 months of compared to JOD million in the same period last year, while interest income grew 12% during the first nine months of this year to reach JOD million. - Jordan Islamic Bank (JOIB) announces impressive results in Q3 JOIB announced an increase in net profit of around 28 percent during the first nine months of in which it amounted to JOD million compared to JOD million in Q Deferred sale revenues hiked 23 percent during Q3 where it stood at JOD million compared to JOD million during the same period last year. - Cairo Amman Bank (CABK) Q3 report CABK s net income reached JOD million during Q3 compared to JOD million in the same period last year which is an 8% increase. Interest revenue also witnessed an increase of 21% to amount to JOD million in Q3 compared to JOD million in the same period last year. - Capital Bank of Jordan (EXFB) announces impressive results in Q3 JOIB announced an increase in net profit of around 28 percent during the first nine months of in which it amounted to JOD million compared to JOD million in Q Interest income witnessed an increase of 27 percent during Q3 where it stood at JOD 75.07million compared to JOD million during the same period last year. - Bank Al-Etihad (UBSI) Q3 report UBSI announced an impressive increase in net profit of around 63 percent during the first nine months of in which it amounted to JOD million compared to JOD 9.66 million in Q Interest Income hiked 26 percent during Q3 where it stood at JOD million compared to JOD million during the same period last year. Awraq Investments Tel: Fax: P.O. Box Amman Jordan

3 - Arab Jordan Investment Bank (AJIB) Q3 report AJIB announced a 4% increase in net income in which it stood at JOD 12.21million compared to JOD million in the same period last year, while interest income reached JOD million in Q3 compared to JOD million in Q Invest Bank (INVB) announces Q3/ results INVB announced in their quarterly report a 27% increase in net income which amounted to JOD million during the first 9 months of compared to JOD 8.25 million in the same period last year, while interest income grew 8% during the first nine months of this year to reach JOD million. The bank witnessed a drop in the other revenues item, dropping 67% to reach JOD 1.9 million in Q3 compared to JOD 5.76 million in Q Jordan Dubai Islamic Bank (JDIB) Q3 report JDIB s net income dropped 26% to reach JOD 1.23 million during Q3 compared to JOD 1.67 million in the same period last year. Deferred sales revenue reached JOD million in Q3 compared to JOD million in the same period last year. - The Arab Banking Corporation (ABCO) net profit grows 12 percent in Q3 ABCO announced an increase in net profit of around 12 percent during the first nine months of which amounted to JOD 8.67 million compared to JOD 7.73 million in Q Interest income witnessed 20 percent growth in Q3 where it stood at JOD million compared to JOD million in the same period last year. - Arab Potash Company realizes JD Net Profit after Tax by End of 3rd Quarter The Arab Potash Company (APOT) realized net profit in the period ending with the 3rd quarter of amounting to JOD million after taxes and provisions. These profits are 28% less than the same period in the previous year, when profits reached JOD million. Net revenues for the same period reached JOD million, compared with JOD million in the same period of last year. - Jordan telecom s (JTEL) net income declines approximately 37% JTEL witnessed a drop of 37% in net income during Q3 in which it amounted to JOD million compared to JOD million in the same period last year. Services revenue dropped to reach JOD million in Q3 compared to JOD million in the same period last year. - A huge decline in profits for Jordan Phosphate Mines (JOPH) JOPH witnessed a huge decline in net profit during the first 9 months of this year where net income stood at JOD million compared to JOD million in the same period last year, the company witnessed a drop in net sales of around 29% and amounted to JOD million compared to JOD million Q- o-q. Gross profit reached JOD million in Q3/ compared to JOD million which is a drop of around 61%. - Impressive Q3/ results for Al-Eqbal Investment Company (EICO) EICO witnessed impressive results during the first nine months of where the company s net income grew 20% and stood at JOD million during the period compared to JOD million in Q3/2012. The company s net sales saw a 31% increase in Q3/ and amounted to JOD million compared to JOD million in Q3/2012. Awraq Investments Tel: Fax: P.O. Box Amman Jordan

4 General Free Float Index Performance The index bounced back to the levels of 1900 s during October, as it started the month in the levels of 1870s, while advancing to reach a high of 1988 which was witnessed on the 27 th of October. After which, the index level slightly dropped to close the month at 1969 points, gaining 5.3% since the beginning of the month and gaining 3% more than the same month last year. Figure 1: General Index during October 2,000 1,980 1,960 1,940 1,920 1,900 1,880 1,860 1,840 1,820 1,800 General Index October Figure 2: General Index during October 2012 General Index October ,925 1,920 1,915 1,910 1,905 1,900 1,895 1,890 1,885 1,880 1,875 1,870 Awraq Investments Tel: Fax: P.O. Box Amman Jordan

5 -29.6% -0.9% -0.8% 0.0% -0.7% -0.6% -0.7% -1.4% -1.2% -1.1% -0.8% 2.4% 0.6% 5.8% 1.4% 2.4% 0.8% 0.6% 1.7% 12.8% 0.8% 9.4% 9.3% 8.5% -4.0% -4.5% -1.2% -2.6% -1.6% -2.8% -1.1% 0.4% 0.4% 1.3% 2.0% 0.5% 2.2% 1.0% 1.0% 0.1% 2.9% 3.0% 5.3% 6.2% 6.7% 6.2% 6.8% 6.5% ASE Monthly Performance Round up October Sector Performance Sixteen sectors out of the twenty four witnessed gains in Amman Stock Exchange during October; the Tobacco sector marked the highest increase during October in which it notably grew 12.8%. The Mining and Extraction Industries sector came in second as it gained 9.4% during the same period, followed by the Engineering and Construction sector. Figure 3: Sectors Performance during October September 2012 September 8% 6% 4% 2% 0% -2% -4% -6% The Paper and Cardboard Industries sector witnessed the highest drop in October as it slumped 29.6%. The Media sector came in second as it slid 4.5% during the same period, followed by the Real Estate sector which slightly dropped by 1.6%. Figure 4: Sectors Performance during October (Continued) 20% September 2012 September 10% 0% -10% -20% -30% -40% -50% Page 5 of 6

6 Million Shares Million JOD ASE Monthly Performance Round up October Value Traded & Trading Volume Trading value slightly dropped 1.47% during October compared to the same period last year, as it reached JOD million in October from being JOD million in the same month last year. The total value traded since the beginning of the year up to the end of October has totaled to JOD billion compared to JOD billion in the same period last year. Figure 5: Value Traded during Value Traded 2011 Value Traded 2012 Value Traded The volume traded saw a slight increase of 2.21% in October compared to the previous month as it reached million traded shares compared to million shares in September. The total volume traded since the beginning of the year up to October inched up 8% to amount to billion traded shares compared to billion shares during the same period last year. Figure 6: Trading Volume during Volume Traded 2011 Volume Traded 2012 Volume Traded Page 6 of 6

7 ASE Monthly Performance Round up October Top Ten Gainers during October The following table illustrates the top gainers during October. The Jordan Pipes Manufacturing Company (JOPI) topped the table in which the stock price hiked to reach JOD 1.58, gaining an impressive 113.5% since the beginning of the month. The Arab Potash Company (APOT) came in the top 10 list in which it rebounded and gained 23.5% after dropping 34% during September to reach JOD at the end of October. AJIB and JOKB also came in the list after announcing a decent set of results. Figure 7: Top 10 Gainers during October Company's Name Sector Stock Performance During October Closing Price at the end of October JOPI The Jordan Pipes Manufacturing Engineering and Construction 113.5% 1.58 WOOD Jordan Wood Industries / Jwico Engineering and Construction 71.7% 3.09 NATA National Aluminium Industrial Mining and Extraction Industries 44.7% 0.55 APOT The Arab Potash Mining and Extraction Industries 23.5% CEIG Century Investment Group Textiles, Leathers and Clothing 23.5% 1.05 APCT Arab Company For Investment Projects Paper and Cardboard Industries 20.5% 0.47 JEIH Jordanian Expatriates Investment Holding Diversified Financial Services 16.4% 0.85 AJIB Arab Jordan Investment Bank Banks 16.4% 1.70 JOKB Jordan Kuwait Bank Banks 15.4% 3.60 JOEP Jordan Electric Power Utilities and Energy 15.2% 3.19 (ASE) Top Ten Losers during October Figure 8: Top 10 Losers during October The Arab Center for Pharmaceuticals and Chemicals Company (APHC) topped the table of the top 10 losers during October, where the stock s price has closed the month at JOD 1.06 declining 26.9%. The General Mining Company (GENM) came in the list, as the company saw a drop of 11.4% in its stock price to reach JOD 4.04 during October. From the banks, Societe Generale De Banque Jordanie (SGBJ) came in the list as its stock price edged down 7.8% to close the month at JOD Company's Name Sector Stock Performance During October Closing Price at the end of October APHC Arab Center For Pharm.& Chemicals Pharmaceutical and Medical -26.9% 1.06 TRUK Ubour Logistic Services Plc Transportation -14.8% 0.52 ENTK Alentkaeya For Investment Company Plc Real Estate -14.1% 0.55 CJCC Jordan Clothing Company P.L.C Textiles, Leathers and Clothings -13.2% 0.46 ISRA Alisraa For Islamic Finance And Investment Diversified Financial Services -11.4% 0.31 GENM General Mining Company Plc Mining and Extraction Industries -11.4% 4.04 SANA Al Sanabel International For Islamic Investments Co. Diversified Financial Services -10.5% 0.51 MSKN Jordan Masaken For Land & Industrial Development Projects Real Estate -7.8% 0.59 SGBJ Societe Generale De Banque - Jordanie Banks -7.8% 0.83 COHO Contempro For Housing Projects Real Estate -7.5% 1.48 (ASE) Page 7 of 6

8 million JD million ASE Monthly Performance Round up October The following graphs illustrate the top ten companies traded in terms of value and volume. Figure 9: Top 10 Companies by Value Traded during October Top 10 Value traded Value traded (JD) % To the total value traded JNTH 14,290, % ATTA 13,112, % ARBK 12,913, % SPIC 12,877, % JEDI 5,395, % ELZA 4,963, % JEIH 4,140, % UINV 3,613, % JOCF 3,185, % JOPI 2,840, % Figure 10: Top 10 Companies by Trading Volume during October Top 10 Volume traded Volume traded % To the total volume traded SPIC 19,038, % ATTA 15,370, % ELZA 11,625, % JNTH 6,319, % TAJM 6,067, % REDV 4,907, % JEIH 4,890, % IDMC 3,859, % SURA 3,711, % FINS 3,416, % Figure 11: Top 10 Market Caps performance during October Company's name Market capital End of October (JD million) % to the total market capital Stock Performance During October Closing Price end of October ARBK Arab Bank 4, % 9.1% 7.64 APOT The Arab Potash 2, % 23.5% THBK The Housing Bank For Trade And Finance 2, % -0.1% 8.60 JTEL Jordan Telecom % 2.1% 3.40 JOPH Jordan Phosphate Mines % -0.7% 7.20 JOIB Jordan Islamic Bank % 8.5% 3.32 BOJX Bank Of Jordan % 15.4% 3.60 JOKB Jordan Kuwait Bank % 15.4% 3.60 EICO Al-Eqbal Investment Company Ltd % 13.4% CABK Cairo Amman Bank % 5.98% 2.66 *, % to total market cap as at the end of October Page 8 of 6

9 ASE Monthly Performance Round up October 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 with the subject Subscribe. To contact us please visit our website: Or call , our Fax: , P.O. Box Amman Jordan. Or send us an to info@awraq.com Page 9 of 6