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Kathmandu Sunday December 16, 2001 Paush 01, 2058.
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Confidence in stock market
wanes again
Post Report
KATHMANDU, Dec 15 – Decline in the Nepse
Index during this week by over six points has shed cold water over the hopes of share
investors that the stock market would rebound.
According to information compiled and
disseminated by Nepal Stock Exchange, the index during this week recorded a decline of
over six points falling from 290.68 points on opening day in Monday to settle at 284.48
points on closing transactions at Friday.
The index during last week had shown a marginal
increase of 1.85 points soaring from 288.72 points to 290.57 points whereas it had dipped
by 2.37 points two weeks ago following a subsequent decline recorded in the earlier week.
In group-wise manner, none of a single group
showed a revival on the Index. Commercial Banks group that had recorded a healthy increase
of over seven points during last week’s transactions plunged by over eight points
this week. The index of this group dived from 308.68 points to settle at 299.69 points.
The index of this group during last week had
surged from 302.27 points to close at 309.17 points while it had declined by over three
points in the previous week.
During this week the index of Insurance and
Finance group also declined and remained at 304.27 points from 308.10 points. The index
had shown a marginal incline during last week and increased from 305.02 points to 307.88
points.
Likely, the index of hotel group declined
marginally during this week from 223.32 points to 222.17 points. The index of this group
had shown a surprising decline of over 26 points during the last week. It had declined
from 250.26 points to settle at 224.09 points.
The index of manufacturing and processing group
remained as it is at 301.14 points during this week, while it had shown a marginal decline
in the last week falling from 300.02 points to 299.14 points.
The index of trading group remained unchanged at
102.28 points during this week, consecutively for the fourth week, while the index of
others also fell from 147.26 points to 146.12 points. The index of this group had remained
unchanged at 147.26 points for the past three weeks.
In group-wise market participation, commercial
banks dominated the stock trading in Nepse floor with a dominant market participation of
79.12 per cent of the total share trading. The market participation of this group was
75.35 per cent in the last week while it was 70.28 per cent in the previous week.
During this week, the market participation of
finance group remained at the second position capturing 17.81 per cent of the total share
transactions. This group had a share of 20.50 per cent of the total share trading in the
last week while it had captured a total of 23.48 per cent of share trading in the previous
week.
The share of hotel group on total transaction
this week was 1.59 per cent of total share trading during this week while it had captured
2.33 per cent in the last week. Similarly the share of Insurance group was 1.05 per cent
while the same of manufacturing and processing group was 0.23 per cent per cent and the
share of others was 0.08 per cent.
During this week, a total of 35,176 share units
valued at Rs 17.54 m were traded in 1107 share transactions. During the last week, a total
of 37,426 share units valued at Rs 15.96 m were traded in 985 share transactions.
In terms of number of share transactions and the
units of share traded, Alpic Everest Finance Limited topped the list with a transaction of
5,810 share units in 384 share trading. However, Himalayan Bank topped the list in terms
of value of share traded with a trading of its share that valued at Rs 3.48 million.
The Nepse floor remained open for all five days
during this week. The companies whose shares were traded all five days include Nepal
Indosuez Bank, Standard Chartered Bank, Nepal Bangladesh Bank, Everest Bank, Bank of
Kathmandu, NIC Bank, Himalayan Bank, Universal Finance and Capital Markets, Nepal Merchant
Banking and Finance Ltd, Sagarmatha Insurance and Alpic Everest Finance Limited.
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