 |
Kathmandu Sunday December 30, 2001 Paush 15, 2058.
|
Confidence in stock market
continues to wane
Post Report
KATHMANDU, Dec 29 – The Nepse Index, a
barometer to investor’s confidence, continued to decline for a third consecutive week
indicating dwindling confidence of stock investors in the only secondary market of Nepal.
According to information compiled and
disseminated by Nepal Stock Exchange (Nepse), the index during the week fell 6.41 points
from 277.84 in the opening of the market Monday to 271.43 at the close of weekly trading
Friday.
The index has been waning since the last two
weeks. While the indicator fell by over three points last week, it had slumped by more
than 6 points two weeks back.
In the group-wise manner, the index of the
commercial bank, which commands a lion’s share in the Nepse trading floor, fell from
287.52 to 276.79. The index of this group had declined in both the previous weeks by over
7 points and 8 points respectively.
The index of the commercial bank group, by
virtue of the volume of trading, carries the largest weightage in the overall Nepse Index
and any fluctuation in its index is easily transferred to the market index.
Similarly, the index for the manufacturing and
processing group fell to touch 304.99 points, while that of the insurance and finance
groups slumped from 310.21 to 306.14 and 298.95 to 298.10.
While the index of the manufacturing and
processing group had remained unchanged last week at 301.14, the index of the insurance
group had surged marginally by less than one point. The index of the finance group had
however declined by 3 points.
This week, the indices of the hotel and trading
groups remained unchanged at 235.77 and 102.28. The index of the other group meanwhile
surged marginally from 146.12 to 147.26.
The week’s trading was dominated by
commercial banks that captured the market trading to the tune of 82.61 per cent.
Similarly, the participation of manufacturing and processing group, hotel group, insurance
group, finance group and other group stood at 0.10 per cent, 5.64 per cent, 1.54 per cent,
10.09 per cent and 0.02 per cent respectively.
During the last week, the finance group had
topped the list with share trading of 51.31 per cent. Shares of the commercial bank group
that usually emerges as the leading trading instrument had remained at 45 per cent of the
total trading.
During the week, a total of 42,146 shares worth
Rs 14.95 million were traded in total 881 transactions. The trading last week was that of
102,361 shares valued at Rs 27.71 million in 928 transactions.
Nepal Bangladesh Bank emerged as the topper in
the week’s trading both in terms of the value and number of transactions. In a total
179 transactions, share units valued at Rs 5.73 million were traded.
Likewise, Oriental Hotels Ltd. topped the list
in terms of the number of share units. A total of 13,090 share units of the newly listed
hotel were transacted in the Nepse floor during the week.
The stock exchange this week remained open for
all five days. 54 companies had listed their shares for trading, out of which the shares
of only 31 companies were traded.
Companies whose shares saw trading on all five
days include Nepal Arab Bank Ltd. (895-850), Bank of Kathmandu Ltd. (325-325), Nepal
Industrial and Commercial Bank Ltd. (307-292), Nepal Merchant Bank and Finance Company
Ltd. (232-236), Siddartha Finance Ltd. (175-175) and Oriental Hotels Ltd. (57-57).
Similarly, companies whose shares were traded on
only four days include Nepal Bank Ltd. (325-292), Everest Bank Ltd. (490-445) and Nepal
Bangladesh Finance and Leasing Company Ltd. (149-155).
Companies whose shares were traded only one day
are Bottlers Nepal Ltd., Soaltee Hotel Ltd., Nepal Share Market Company Ltd., HISEF
Finance Ltd., General Finance Company Ltd. and Nepal Film Development Company Ltd.
Other Story
|
