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Kathmandu Sunday April 29, 2001 Baishakh 16, 2058.
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Market upbeat despite falling Index
Post Report
KATHMANDU, April 28- Confidence of the
speculative investors in the domestic stock market that had boosted last week after the
recent series of Index slides has yet again depressed, as reflected by the Index fall.
The Nepse Index that had swelled by 0.18 points
last week fell by over 7 points this week. Share information disseminated by the Nepal
Stock Exchange (Nepse) show that the Nepse Index, which opened at 397.61 on Monday,
slumped by 7.41 to touch 390.20 at market close Friday.
On a group-wise basis, the indices of commercial banks and hotels slumped. While the index
of commercial bank slid from 445.32 to 435.72, the index of the hotel group dropped from
326.34 to 306.14. Indices of both the groups had surged marginally last week.
The indices of finance and insurance, trading
and other groups rose nominally during the weekly trading from 346.11 to 346.21, 116.75 to
116.98 and 206.15 to 209.43 respectively. The index of manufacturing and processing group
during the week remained unchanged at 372.09.
The participation of commercial banks in the
overall share trading, this week, slumped far below its normal performance. The group
which usually commands over 85 per cent of the total transactions, this week, could manage
to capture only 60.33 per cent. The bank group’s participation last week had stood at
over 88 per cent. However, this week’s performance is better than that of two weeks
ago, when banks’ participation stood at a record low of 55 per cent.
Similarly, manufacturing and processing,
finance, trading and other groups managed to clinch 0.71 per cent, 38.03 per cent, 0.01
per cent and 0.80 per cent. Hotels and insurance groups commanded equal share of 0.07 per
cent.
Despite a drop in the overall Nepse Index this
week, the volume of transaction increased impressively. In a total 1151 transactions,
1,96,220 share units worth Rs 96.1 million were traded. Last week a total of 40,861 share
units valued at Rs 32.0 million were traded in 696 transactions. Similarly, the Nepse
floor the previous week in 864 transactions had traded 1,18,694 shares valued at Rs 41.0
million.
During the week, Nepal Share Markets Company Ltd. topped the trading in terms of sales
volume and number of share units.A total of 1,39,760 share units of the company worth Rs
35.1 million were traded. In terms of the number of transaction, Nepal Bangladesh Bank
emerged the topper. Shares of the bank were traded in a total 321 transactions.
During the transaction this week, 52 companies
had quoted their price for trading, out of which, shares of only 32 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 Arab Bank
(Rs 1531-153), Everest Bank Ltd. (Rs 880-811), Bank of Kathmandu (Rs 1106-1082), Nepal
Industrial and Commercial Bank Ltd. (Rs 511-500) and Lumbini Finance and Leasing (Rs
260-250).
Similarly, other companies whose shares were
traded for only four days include Nepal Bank Limited (Rs 460-450), Nepal Grindlays Bank
(Rs 1741-1705), Nepal SBI Bank (Rs 2166-2205), Nepal Bangladesh Bank Ltd. (Rs 2451-2576)
and Necon Air (Rs 130-132). Finally, shares of Nepal Lube Oil, Premier Insurance, Narayani
Finance, Alliance Insurance and Neco Insurance were traded only one day.
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