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Kathmandu Sunday February 04, 2001 Magh 22, 2057.
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Nepse tumbles again by 3 points
Post Report
KATHMANDU, Feb 3 - The reappearance of a slump of 3 points in the Nepse
Index, during this week’s transaction, has thrown cold water on the fresh expectation
of speculative investors, propped by last week’s surge of over 8 points after series
of continued tumbling for consecutive three weeks.
The index of the Nepalese stock market tumbled by 3.02 points during last
week’s transaction and settled at 465.39 at the weekly closing on Friday.
The stock market last week sprouted by over by 8 points to touch 467.37,
whereas the Nepalese share market, two week’s ago had plunged by 4 points to settle
at 458.37 points, which was one of the lowest in recent weeks.
According to the weekly share information complied and disseminated by Nepse,
the opening index on the first day of weekly trading on Monday was 468.41 points, which
during the weekly transaction declined to remain at 465.39 points at the end of this
week’s transaction.
On the group wise basis, the index of the commercial bank group, during this
week, decreased by almost 4 points to touch 554.58 points from 558.76 points. Since the
commercial bank group alone captures more than 90 per cent of the total share transaction,
any tumbling in its index automatically drags down the whole Nepse index.
During the last week transactions, the index for the commercial group had
registered an impressive swell of 16 points to touch 556.81 whereas its index, two weeks
ago had plunged by around 8 points and settled at 538.67 points.
Similarly, the index of the hotel group, which had slumped by almost 20
points to settle at 343.88 points in last week’s transaction again tumbled by over 6
points to touch 337.93 from 343.88 points. However, indices of the manufacturing and
processing group and other group remained unchanged during this week’s transaction at
374.46 and 292.74 points respectively.
Similar plunging, albeit marginal, was also recorded for the insurance and
finance group, which during this week’s transaction, touched 354.77 from 354.90
points. And, the index for the trading group again remained unchanged at 119.54 points.
Group wise, trading information for this week reveals the participation of
commercial banks in the overall transaction also plunged to capture 83.42 per cent. Its
participation, during last week had increased to 92.88 per cent against 92.02 per cent
recorded two weeks ago.
The participation of the manufacturing and processing group also declined and
captured 1 per cent against last week’s 1.84 per cent. Similarly, the participation
of the insurance group, during the weekly share transaction, was 1.65 per cent, other
groups 0.30 per cent, the hotel group 0.38 per cent and no transaction was recorded for
the trading group.
However, the participation of the finance group witnessed an impressive
growth to capture 13.26 per cent, which during last week’s transaction were just 2.36
per cent.
The Nepse market, which had surged in terms of number of transactions, share
units and value of transaction last week, showed a mixed trend during this week’s
transaction. The share marked soared in terms of number of transaction, however, it
declined in terms of units of share and value of transaction, mainly due to declined share
transactions of commercial banks. Of the total 1,058 transactions this week, 35,622 shares
of various companies worth Rs 26.98 million were traded on the Nepse floor. Trading last
week stood at 50,028 shares valued at Rs 48.90 million in 749 transactions whereas, two
weeks ago, the Nepse floor had witnessed the 39,449 shares valued at over Rs 31.36 million
in 609 transactions.
Share trading, this week, in terms of number of transactions and share units
was led by Lumbini Finance and Leasing company, whose 8,110 units of share were traded in
481 transactions. However, in terms of value of transaction, Bank of Kathmandu was ranked
first with Rs 6.7 million.
During the transaction this week, forty-seven companies had quoted their
price for trading, out of which, shares of forty companies were traded. Nepse, during last
week, remained open only for four days.
Companies, whose shares were traded for four days this week, include Nepal
Bank Limited (Rs 590 - 525), Nepal Arab Bank (Rs 1,751 - 1,820), Nepal Indosuez Bank (Rs
2,350 - 2,380), Nepal Grindlays Bank (Rs 2,600 - 2,690), Himalayan Bank Limited (Rs 2,405
- 2,450), Nepal SBI Bank (Rs 2,305 - 2,210) and Nepal Bangladesh Bank (Rs 2,900 - 2,800).
Similarly, other companies with transactions in all four days were Bank of
Kathmandu (Rs 1,401 - 1,390), NIC bank (Rs 601 - 585), Necon Air (Rs 205 - unchanged),
Nepal Finance and Saving (Rs 760 - unchanged), Kathmandu Finance (Rs 325 - 335), Alliance
Insurance (Rs 202 - 200) and Lumbini Finance and Leasing (Rs 295 - unchanged).
Similarly, companies whose shares were traded for only one day include Yak
and Yeti Hotel (20/1200), Rastriya Beema Sasthan (16/24,400) and Nepal Share Markets
(20/5,600).
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