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Kathmandu Sunday June 03, 2001 Jestha 21, 2058.
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Nepse
index surges by 3.26 points
Post Report
KATHMANDU, June 2 - The Index in the Nepal Stock Exchange
(Nepse) this week surged by 3.26 points against the last week’s fall of over 9
points, reflecting a confident investment environment in the stock market that had fallen
substantially in the past few weeks.
As per the weekly share information provided by the stock
market, while the opening Index on Monday, the first day of the weekly trading, stood at
338.99, it improved to touch 342.25 at the end of trading Friday. Plagued by a continued
slump in the prices of shares of commercial banks, the Index three weeks back had slipped
by over 3 points, and by over 7 points the following week.
On a group-wise basis, the indices of commercial banks, and
finance and insurance group dropped from 368.87 to 373.78 and 320.19 to 319.18
respectively. However, the indices of hotel and other group rose from 293.36 to 300.01 and
208.19 to 209.45 respectively. The indices of manufacturing and processing group and
trading group stabilized at 317.43 and 119.78 respectively.
The participation of commercial banks in the overall share
trading this week stood at 85.38 per cent, while manufacturing and processing, hotel,
trading, insurance, finance and other groups managed to clinch 2.24 per cent, 0.65 per
cent, 0.13 per cent, 0.62 per cent, 10.27 and 0.70 respectively.
Share trading in the Nepse in terms of the volume and the
number of transaction, in addition to the number of share units traded, has all declined.
In a total 355 transactions, 19,236 share units worth Rs 13.54 million were traded. During
the last week, a total of 35,757 share units valued at Rs 14.5 million were transacted in
541 transaction. The Nepse floor in 710 transactions in the previous week had traded
41,304 units of shares valued at Rs 34.8 million.
During the transaction this week, 53 companies had quoted
their price for trading, out of which shares of only 35 companies were traded. The
secondary market remained open for all five days during the week. The only Company whose
shares were traded in all the days was Nepal Indoseuz Bank (Rs 1,220 - 1,002). Similarly,
other companies whose shares were traded in four days were Nepal Arab Bank (Rs 1,500 -
unchanged), Nepal Grindlays Bank (Rs 2,010 - 2,101), Nepal Bangladesh Bank (1,020 -
1,002), Nepal Industrial and Commercial bank (430 - 425), Necon Air (136 - 137) and
Sagarmatha Insurance (212 - 215).
Other companies whose shares were traded only one day of
this week were Gorakkali Robber (100/3,800), Sholtee Hotel (33/4,620), Nepal Film
Development Corporation (10/750), Citizen Investment Fund (10/1,760), Ace Finance
(30/16,800), Universal finance and Capital Markets (400/66,000), Samjana Finance
(10/1,500), Neco Insurance (100/18,000) and General Finance (50/7,750). |
