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Kathmandu Sunday January 28, 2001 Magh 15, 2057.
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Nepse Index 8 points up, trading bounces
back
Post Report
KATHMANDU, Jan 27 - The Nepse index, which has witnessed a
series of continued tumbling over the last three weeks, surged by over 8 points creating a
fresh expectation among speculative investors of the Nepalese money market.
During this week’s transaction, the index of the
Nepalese stock market swelled by 8.29 points to 467.37.
The stock market last week had plunged by over 4 points to
settle at 458.37 points, which was one of the lowest in recent weeks.
Similarly, the Nepalese share market in two weeks similar
downfall of over 14 points touching 467.76.
According to weekly share information compiled and
disseminated by Nepse, the opening index on the first day of trading on Monday was 459.28
points, which during the weekly transaction spurted by 8.29 points and jumped to 467.37
points at the weekly closing on Friday.
On the group wise basis, the index of the commercial bank
group, during this week, increased by 16 points to touch 556.81 points. Since the
commercial bank group alone captures more than 90 per cent of the total share transaction,
any improvement in its index is automatically reflected in the whole Nepse index.
During last week transactions, the index for the commercial
group had plunged by around 8 points to settle at 538.67 points. Similarly, indices of the
manufacturing and processing group and other group also increased to touch 374.46 points
from 373.12 points and 298.45 points from 287.04 points respectively. However, the index
of the hotel group, which had registered a majestic growth of over 22 points and touched
362.15 last week, slumped by almost 20 points to settle at 343.88 points.
Similar plunging was also recorded by the insurance and
finance group, which during this week’s transaction, touched 355.42 from 358.95
points. However, the index for the trading group again remained unchanged at 119.48
points.
Group wise trading information for this week reveals the
participation of commercial banks in the overall transaction continued to soar, mainly
propelled by swell in its index. Its participation, during this week bounced to 92.88 per
cent against last week’s 92.02 per cent and 84.81 per cent recorded two weeks back.
The participation of the manufacturing and processing group
also improved to capture 1.84 per cent of the total transaction. The group had witnessed a
drastic decline last week to remain at 0.36 from 5.49 per cent recorded two weeks ago. A
similar tumble was also witnessed by the finance group, whose participation declined to
touch 2.36 per cent from 3.75 per cent recorded last week.
Similarly, the participation of the insurance group, during
the weekly share transaction, was 1.29 per cent, other groups 0.10 per cent, the hotel
group 0.53 per cent and no transaction was recorded for the trading group.
The Nepse market, which had registered a slump last week,
again surged in terms of number of transactions, share units and value of transaction
mainly due to increasing share transactions of commercial banks. Of the total 749
transactions this week, 50,028 shares worth over Rs 48.90 million were traded on the Nepse
floor. Trading last week stood at 39,449 shares, valued at over Rs 31.36 million in 609
transactions whereas, two weeks ago, the Nepse floor had witnessed trading of 86,096
shares with a value of Rs 36.40 million in 688 transactions.
Share trading, this week, in terms of number of
transactions, value of transactions and share units, was led by the Bank of Kathmandu,
whose 13,840 unit of shares valued at Rs 19.40 million were traded in 126 transactions.
During the transaction this week, forty-six companies had quoted their price for trading,
out of which, shares of 37 companies were traded. Nepse, during this week, remained open
for all five days.
Companies, whose shares were traded all five days this
week, include Nepal Bank Limited (Rs 525 - 595), Himalayan Bank (Rs 2,355 - 2,404), Nepal
SBI Bank (Rs 2,062 - 2,350), Nepal Bangladesh Bank (Rs 2,671 - 2,960), Everest Bank
Limited (Rs 1,100 -1,075), Bank of Kathmandu (Rs 1.401 - unchanged), NIC Bank (Rs 615 -
596) and Nepal Lever Limited (Rs 2,615 - 2,650),
Other companies whose shares were traded for just four days
include Nepal Arab Bank (Rs 1,700 - 1,751), Nepal Indosuez Bank (Rs 2,390 - 2,320), Nepal
Grindlays Bank (Rs 2,615 - 2,650), Taragoun Regency Hotel (Rs 144 - 135), Everest
Insurance (Rs 520 - unchanged) and People’s Finance (Rs 340 - 360).
Similarly, other companies whose shares were traded for
just one day includes Yak & Yeti Hotel (50/30,000), Nepal Insurance (20/16,280),
Rastriya Beema Sasthan (10/15,000) and NIDC Capital Markets (10/800). |
