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Kathmandu Sunday August 19, 2001 Bhadra 03, 2058.
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Share market tumbles by 3.53 pts
Post Report
KATHMANDU, Aug 18 - The Nepalese money
market, which had recovered after series of weeks long decrement has again gone down by
3.53 points throwing cold water over the renewed expectation of the speculative investors.
However, the market last week, had soared by 5.99 points.
According to the stock information complied
and disseminated by Nepal Stock Exchange (Nepse), on the opening day of the share
transaction on Monday, the index stood at 316.39 points, which on the closing day slumped
by 3.53 points to touch 312.86 points.
In sector wise break down of the index, the
index of the commercial banks, which commands majority of the share transaction in the
stock market, squeezed by over 6 points to settle down at 338.51 points from 344.89
points. Its index during last week’s transaction had soared by almost 10 points to
touch 350.87 points from 340.89 points while the index of the same group has recorded a
plunge of over 7 points in the previous week.
Similarly, rest of the sectors’ indices
also recorded a decline in the Nepse index. Like last week, the index of insurance and
finance sector slipped marginally from 324.55 points to 324.31 points. With the increment
of almost 3 points, this group had recorded a marginal improvement in its index two weeks
back.
During the week, the index of the
manufacturing and processing group remained unchanged at 333.28 points whereas a marginal
decline was witnessed last week. Similarly, the indices of trading and other group also
registered similar declines of around 3 points and over 2 points respectively.
However, hotel group emerged as the only
group in the Nepse market, whose index soared during the transaction this week. Its index
surged by almost 8 points and touched 268.13 points from 260.82 points. The index of hotel
group had recorded an increase of almost 4 points from 247.85 points to touch 251.22
points also in the last week whereas a whooping double-digit tumble was recorded two weeks
ago.
Similarly, in the group-wise market
participation, the participation of the commercial bank continued to maintain its normal
share. Its participation in the total transaction slightly increased and captured 70.89
per cent while such figure last week was 70.79 per cent. The group’s participation
two weeks ago had tumbled surprisingly to the lowest mark to capture just 6.5 per cent of
the total transaction.
Likewise, during this week’s
transaction, the participation of finance group retained its second position by capturing
19.93 per cent whereas such participation in the last week was 24.38 per cent of the total
transaction.
The participation of manufacturing and
processing group slipped to capture only 0.99 per cent against 2.62 per cent captured last
week. Similarly, the participation of hotel group and insurance group remained 0.80 per
cent and 4.71 per cent respectively while the participation of other group stood at 0.75
per cent.
In this week, the share market recorded a
total turnover of Rs 17.80 million in 876 transactions through 38,758 share units whereas
the share market had a total turnover of Rs 18.94 million in 988 share transactions with
40,707 units last week.
During this week, in terms of number of
transaction, Nepal Merchant Banking and Finance Company topped the list with 193
transactions whereas, in terms of share units and value of transaction, Bank of Kathmandu
secured the first position with transaction of 6,539 share units valued at Rs 2.9 million.
The Nepse market this week remained opened for all five days.
Companies whose share trading was recorded
for all five days include Nepal Bank Limited (Rs 385 - 360), Nepal Arab Bank (Rs 1,075 -
1,45), Nepal Indosuez Bank (Rs 1,080 - unchanged), Standard Chartered Bank (Rs 1,980 -
1,990), Everest Bank (Rs 700 - 670), Bank of Kathmandu (Rs 449 - 450), NIC Bank (Rs 391 -
380), Lumbini Leasing and Finance (Rs 223 - 225) and Nepal Merchant Banking and Finance
(Rs 276 - 270).
Likewise, the companies whose shares were
traded for four days this week are Himalayan Bank (Rs 1,455 - 1,440), Nepal SBI Bank (Rs
1,560 - 1,500), Taragaon Regency Hotel (Rs 86 - 94), Necon Air (Rs 110 - unchanged),
Everest Insurance Company (Rs 455 - unchanged) and People’s Finance (Rs 240 -
unchanged). In the like manner, other companies which also traded for four days were HISEF
(Rs 270 - 275), Universal Finance and Capital Markets (Rs 180 - 200), Sidhartha Finance
(180 - 184) and Sagarmatha Insurance (Rs 210 - 205).
During the week, the companies having their
share transaction only for one day include Rastriya Beema Sansthan, National Life and
General Insurance, Kathmandu Finance, Narayani Finance, Lalitpur Finance and Nepal Welfare
Company.
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