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Kathmandu Sunday April 15, 2001 Baishakh 02, 2058.
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Nepalese stock market plunged 5
pts
Post Report
KATHMANDU, April 14 - Gloom hovering over the
speculative investors Nepalese stock market deepen further as the market plunged again by
over five points during weekly transactions.
During the weekly transaction this week, the stock
market lost 5.82 points to remain at 369.05 points. This latest slump of the share market
was due chiefly to the continued declines in the share prices of the commercial banks,
which commands lion’s share transaction.
According to the weekly share information complied
and disseminated by the Nepal Stock Exchange (Nepse), the opening index on the first day
of trading on Monday was 374.87 points, which slumped to touch 369.05 at the end day of
trading on Friday.
While analyzing the group-wise basis performances
during this week, the domestic market revealed a mixed pictures. The indices of the
commercial bank group and insurance and finance group tumbled while indices of cottage
group, hotel group, trading group and other group surged. Similarly, index of
manufacturing and processing group remained unchanged during last week’s
transactions. The index of commercial banks, which captures majority of share in the
Nepalese money market since the earlier days of Nepse, witnessed a record-level plunge of
over 70 points and remained at to 408.74 points from 479.39 points, faltering the
confidence of financial investors. The group, last week had recorded a marginal decline of
two points and had remained at 417.58 points.
Similar huge dive was also observed for the
insurance and finance group, whose index, during the period, sinked by over 20 points and
settled at 332.63 points from 352.42 points. Its index during the transaction last week
has surged by almost eight points to remain at 341.89 points.
However, the indices of hotel group, trading group
and other group recorded a swell. The indices of hotel group and trading group witnessed a
marginal soar of four and one points to remain at 304.69 and 117.18 points from 300.01 and
116.68 points respectively. Similarly, albeit huge, increment was also recorded for other
group, whose index sprouted by around 15 points and touched 220.58 from 205.74 points.
However, the index of manufacturing and processing group remained unchanged throughout the
week and stocked at 340.13 points.
After a remarkable revival to capture its
lion’s share from record-low participation around 60 per cent last week of March,
group-wise trading information for this week reveals that the participation of commercial
banks again tumbled further to capture just 55.16 per cent from 89.89 per cent last week.
The participation of finance group, which has faced
series of slumps since last few weeks, made a dramatic increment and captured 41.47 per
cent of the total transaction. Such participation, during last week was only 2.95 per cent
and 4.93 per cent recorded two weeks back. Its participation, during the last week of
March, was as high as 38 per cent. Similarly, the contribution of insurance group again
dived to capture1.47 per cent from last week’s 3.83 per cent and 1.76 per cent
observed two weeks back. Similarly, the participation of manufacturing and processing
group, hotel group, trading group and other group, during this week’s transaction,
stood at 0.56 per cent, 0.71 per cent, 0.16 and 0.49 per cent respectively.
Despite the plunge in the Nepse index, the volume
of transaction remarkably surged this week. During this week’s transaction, a total
118,694 units of share valued at Rs 40.96 million were transacted in 864 transactions. The
Nepse floor last week had witnessed a total of 563 transactions in which a total of 35,229
shares valued at Rs 31.58 million were traded whereas, trading in the previous week stood
at 41,304 shares units valued over Rs 34.8 million 710 transactions.
During this week’s transaction, 57 companies
had quoted their price for trading, out of which, shares of 42 companies were traded.
Nepse, during last week, remained open for all five days.
Companies, whose shares were traded for all five
days this week, include Nepal bank Limited (Rs 740 - 450), Nepal Arab Bank (Rs 1,640 -
1,625), Nepal Grindlays Bank (Rs 1,390 - 1,240), Nepal Bangladesh Bank (Rs 1,390 - 1,240),
Bank of Kathmandu (Rs 1,035 - 1,020), NIC Bank (Rs 485 - unchanged), Taragoun Regency
Hotel (Rs 110 -105), Nepal Share Markets (Rs 200 - unchanged), Sagarmatha Insurance (Rs
221 - 212), Lumbini Finance and Leasing (Rs 251 -245) and Necon Air (Rs 136 - 148).
Similarly, companies whose shares were traded for
only one day include Nepal Welfare Company (50/4.500), Samjhana Finance (50/6,950), Nepal
Indosuez Bank (13/20,085), Nepal SBI Bank (10/15,970).
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