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Kathmandu Sunday December 31, 2000 Paush 16, 2057.
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Riots affect share trading
Nepse Index falls by 7 points
Post Report
KATHMANDU, Dec 30 – In the series of fluctuations, the Nepse index
experienced yet another slump propelled mainly by the two-day long unprecedented riot that
rocked Kathmandu valley, in particular.
During the transaction of this week, the Nepse index tumbled by almost 7
points and settled at 488.01 points. The Nepalese share market last week witnessed a
marginal surge of 1.66 points and touched 489.07 points, creating a hope of revival among
speculative investors.
Similarly, Nepse index, two weeks ago, had plunged by almost 10 points to
settle at 486.05 points. According to the weekly share information issued by Nepal Stock
Exchange (Nepse), the opening index on the first day of trading on Monday was 494.71
points, which plunged by over 6 points to settle at 488.01 points at the weekly closing
Friday.
On group-wise basis, index of all groups, except for trading group, declined
during the weekly transaction. The indices of commercial bank and manufacturing and
process groups went down to remain at 587.30 from 5896.05 points and 379.14 from 379.27
points respectively.
Likewise, the indices of finance and insurance and hotel groups also tumbled
to touch 361.61 from 363.99 points and 343.33 from 356.34 points respectively. Other
group’s index plunged and touched 334.1 from 336.39 points.
However, like last week, the index of trading group remained unchanged at
119.42 points during the weekly transactions. Group-wise trading information for this week
reveal that the participation of commercial banks in the overall transaction continued to
decline.
However, it still holds the majority of the share transaction. Its
participation, during this week again slipped to capture 84.52 percent against last
week’s 86.59 percent and 86.59 percent recorded two weeks back.
In the same way, the participation of manufacturing and processing group
again tumbled this week to remain at 0.53 from 1.29 percents. However, the participation
of finance group continued to register another surge to touch 10.91 percent. Its
participation during last week’s transaction had made robust bounce and touched 8.10
percent from 2.46 percent recorded two-week’s ago.
Analogously, the participation of insurance group stood at 2.60 percent,
other group 0.41, hotel group 1.56 percent and no transaction of trading group was
recorded during the week.
In the total 484 transactions this week, 35,425 shares worth over Rs 27.28
million were traded in the Nepse floor. Trading last week stood at 93,684 shares valued at
over Rs 57.27 million in 1039 transactions.
Share trading, this week, in terms of number of transactions was led by Nepal
Bangladesh Bank with 60 transactions.
Nonetheless, with 5985 share units, General Finance Company Ltd. was ranked
in the first position in terms of share units. Similarly, in terms of value of transaction
Bank of Kathmandu led the list with total value of Rs 4.9 million.
During the transaction this week, fifty companies had quoted their price for
trading, out of which, shares of 36 companies were traded. Nepse, during last week,
remained open for only four days.
Companies, whose shares were traded all five days this week, include Nepal
SBI Bank (Rs 2,360 - 2,301), Nepal Bangladesh Bank (Rs 2,986 - 2,915), Bank of Kathmandu
(Rs 1,531 - 1,499) and NIC Bank (Rs 683 - 650).
Other companies whose shares were traded only for three days are Nepal Bank
Limited (Rs 655 - 650), Nepal Arab Bank (Rs 1,900 - 1,880), Nepal Indosuez Bank (Rs 2,400
- unchanged), Nepal Grindlays Bank (Rs 2,800 - 2,750), Everest Bank (Rs 1,220 - 1,200),
National Finance and General Insurance (Rs 720 - unchanged) and Kathmandu Finance (Rs 355
- 351).
Likewise, other companies whose shares were traded
only one day includes Bottlers Nepal (10/6,430), Nepal Lever Limited (30/90,750) and
Rastriya Beema Sasthan (21/34,650).
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