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Kathmandu Sunday December 23, 2001 Paush 08, 2058.
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Confidence of investors in stock market
still low
Post Report
KATHMANDU, Dec 22 – Nepse Index
declined for second consecutive week indicating the downward confidence of investors over
the secondary market of stock trading.
According to information compiled and
disseminated by Nepal Stock Exchange (Nepse), the index during this week declined by 3.28
points from 282.33 points on the opening day on Monday to close at 280.05 points while
closing on Friday.
The index during last week’s
transaction had dipped by over six points from 290.68 points to settle at 284.48 points.
The index was increased by 1.85 points during the transaction previous week.
In the group-wise manner, the index
of commercial banks group declined by over seven points falling down from 297.62 points to
settle at 290.77 points. Index of this group had plunged during last week by over eight
points.
However, the index of the hotel group
showed a significant surge of 13 points, increasing from 223.32 points to close at 236.16
points. The index of this group had marginally declined during last week while it had
recorded a whopping decline of over 26 points two weeks.
Likewise, the index of insurance
group showed a marginal increase from 309.04 points to 310.21 points while the finance
group recorded a decline from 304.18 points to 301.18 points. The group had recorded a
decline during the last week with a decrease from 308.10 points to 304.27 points.
The index of manufacturing and
processing group remained unchanged at 301.14 points for the consecutive second week. In
the like manner, the index of others remained unchanged at 146.12 points during this
week’s transaction.
During this week, finance group
captured 51.31 per cent of the total share trading to top the list of the market
participation. The group remained at the second position capturing 17.81 per cent of the
total share transactions.
The commercial bank group that
remained at first position with market participation of 79.12 per cent during last week
was pushed to the second position this week. The group captured 45.39 per cent of the
total share transaction.
The market participation of Hotel
group during this week was 2.10 per cent, Insurance group was 1.12 per cent, and
Manufacturing group was 0.07 per cent while there was no transaction for others.
During this week, a total of 102,361
share units valued at 27.70 million were traded in 928 share transactions. During last
week, a total of 37,426 share units valued at Rs 15.96 million were traded in 985 share
transactions.
Lumbini Finance and Leasing Company
topped the list with the trading of highest share transactions, units of share and the
value of share traded. A total of 59,160 share units of the company valued at 12.23
million were traded in 197 share transactions.
Nepse floor remained open for all five days during
this week. The companies whose shares were traded for all five days include Nepal SBI Bank
Limited, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Tara Gaun
Regency Hotel, Nepal Bangladesh Finance and Leasing Company and Nepal Merchant Banking and
Finance Limited.
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