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Kathmandu Sunday September 24, 2000 Aswin 08, 2057.
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NEPSE index keeps upward
trend
By a Post Reporter
KATHMANDU, Sept 23 - After the continuous
decline for a few weeks, the upsurge trend in NEPSE index that began since previous week
continued last week also with an increase of 4.66 points to touch 422.01 points at the end
of trading on Friday last week.
The stock market in the previous week had
also made an impressive growth of 12.69 points and touched 411.58 points.
While the opening index on the first day of
trading on Monday was 417.35 points, the closing index touched 422.01 points at the close
of trading on Friday.
On a group-wise basis, the indices for
commercial bank, manufacturing and processing group and finance and insurance group rose
from 480.51.16 to 486.30 points, from 360.42 to 363.80 and 318.17 to 323.69 respectively.
Similarly, the indices for other groups increased to 316.13 from 312.71 points recorded
last week while the indices for hotel group and trading group remained unchanged at 364.07
and 121.28 points respectively.
Group-wise trading information for the week
reveals that the participation of commercial banks was 86.55 percent. Similarly, the
participation of manufacturing and processing group stood at 0.93 percent, hotel group
1.04, finance group 3.41, insurance group 6.23, trading group 0.08 and other group 1.76
percent.
Of the total 988 transactions last week,
73,000 shares worth over Rs 45.5 million were traded on Nepal Stock Exchange (NEPSE)
trading floor. Trading during the previous week stood at 58238 shares valued at Rs 36.66
million in 939 transactions.
Share trading during the last week in terms
of number of transactions, was led by Nepal Industrial and Commercial Bank (NIC Bank)
while in terms of share units, Alliance Insurance topped the list. Similarly, Bank of
Kathmandu ranked first in terms of value of transaction. During last week, the number of
transaction of NIC Bank was 165 while 10,450 units of shares of Alliance Insurance were
traded on the floor of NEPSE. The value of transaction of Bank of Kathmandu during the
week was Rs 7.03 million.
Fifty-three companies had quoted their
price for trading in the floor of NEPSE last week, out of which, shares of only 47
companies were traded. NEPSE, during last week, remained open for all five days.
Companies whose shares were traded in all
the four days this week include Nepal Bank (Rs 300 - 299), Nepal Arab Bank (Rs 1,575 -
unchanged), Nepal Indosuez Bank (Rs 1,845 - 1,860), Nepal Grindlays Bank ( Rs 2,450 -
unchanged), Nepal SBI Bank (Rs 1,720 - 1,861)), Nepal Bangladesh Bank (Rs 2,077 - 2,151),
Everest Bank (Rs 1,450 - 1,520), Bank of Kathmandu (Rs 1,320 - 1,341) NIC Bank (Rs 576 -
572), Necon Air (Rs 220 - 223), Taragaon Regency Hotel (Rs 180 - unchanged).
Similarly, companies, whose shares were
traded for only four days included United Insurance (Rs 281 - 280), Premier Insurance (Rs
244 - 240), Everest Insurance (Rs 475 - 476), Nepal Film Development Company (Rs 105 -
unchanged) and NIDC Capital Market (Rs 740 - 700).
Likewise, companies whose shares were
traded only one day include Nepal Lube Oil (10/5200), Yak &Yeti Hotel (30/18900),
Nepal Life and General Insurance Company (10/10420), Nepal Share Markets (10/2350),
Mahalaxmi Finance (50/9950), Yeti Finance (100/18500) and Samjana Finance (Rs 200/23000).
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