 |
Kathmandu Sunday June 17, 2001 Ashadh 03, 2058.
|
Nepse index tumbles by 6.75
points
Post Report
KATHMANDU, June 16 - The gloom hovering over
the Nepali share market deepened further when the market resumed its normal operation
after the closure for straight ten days following the Royal tragedy. The Index in the
Nepal Stock Exchange (Nepse) this week slumped by 6.75 points throwing cold water on the
silver lining that emerged two weeks ago when Nepse index had surged by 3.26 per cent.
As per the weekly share information complied
and disseminated by Nepal Stock Exchange (Nepse), the opening Index on Tuesday, the first
day of the weekly trading, stood at 338.05, which dived to touch 331.30 at the end of
trading on Friday. Plagued by a continued slump in the prices of shares of commercial
banks, which commands lion’s share in the Nepali share market is the principle cause
for such continued slump in the Nepse index.
On a group-wise basis, the indices of
commercial banks, finance and insurance group and trading group dropped while the indices
of other remaining groups remained unchanged throughout the week-long transaction. The
index of commercial group lost almost ten points and settled at 357.27 points from 367.46
points recorded two weeks ago. The share prices of all the commercial banks, which
participated in this week’s transaction decline.
In the same way, the indices of trading group
and insurance and finance group also tumbled to touch 114.63 points and 317.03 points from
119.78 points and 318.40 points respectively. The index of trading group had remained
stabilized two weeks ago whereas finance and insurance group’s index had witnessed
marginal declined.
However, during this week’s transaction,
the indices of manufacturing and processing group, hotel group and other group remained
stabilized at 317.43 points, 300.01 points and 196.90 points respectively.
The participation of commercial banks in the
overall share trading this week declined to capture 72.55 per cent against 85.38 per cent
recorded two weeks ago. The participation of manufacturing and processing, group swelled
4.50 per cent as opposed to 2.24 per cent witnessed two weeks ago. Similarly, the
participation of hotel, trading, insurance, finance and other groups managed to clinch
0.20, 2.28, 2.92, 17.37, and 0.21 per cent respectively.
During the transaction this week, of all the
companies whose share were traded in the Nepse floor, Bank of Kathmandu secured first
position in terms of number of transactions and share units. A total of 2,577 unit shares
of the bank was traded in 45 transactions. However, in terms of value of transaction,
Grindlays Bank topped the list with Rs 2 million’s trade.
Share trading in the Nepse in terms of the
volume and the number of transaction as compared to two weeks ago, has declined, however,
in terms of the number of share units the share market has improved. In total 293
transactions, 13,802 share units worth Rs 9 million were traded. During the transaction
two weeks ago, a total of 19,236 share units valued at Rs 13.45 million were traded in 353
transaction.
During the transaction this week, 56 companies
had quoted their price for trading, out of which shares of only 33 companies were traded.
The secondary market remained open for only three days during the week. The Companies
whose shares were traded in all the three days were Nepal Grindlays Bank (Rs 2,050 -
2,110), Himalayan Bank (Rs 1,600 - 1,500), Bank of Kathmandu (Rs 800 - 761), NIC bank (Rs
405 - 391), Kathmandu Finance (Rs 300 - unchanged) and Sagarmatha Insurance (Rs 215 -
210).
Similarly, Other companies whose shares were
traded for only two days of this week were Everest Bank (Rs 680 - 670), Everest Insurance
(Rs 440 - unchanged), Annapurna Finance (Rs 440 - unchanged), HISEF (Rs 231 - 230),
Universal Finance and Capital Markets (Rs 155 - unchanged) and Lumbini Finance and Leasing
Comapny (Rs 206 - 200).
In the like manner, companies having
transaction for only one day include Nepal Indosuez Bank (10/1,200), Nepal Welfare Company
(420/35,700), Bishal Bazar Company (100/170,000), NIDC Capital Markets (100/58,000),
National Finance (1,000/580,000), Nepal Share Markets (35/6,300), Narayani Finance
(84/17,640), Mahalaxmi Finance (40/8,800) and Goodwill Finance (50/15,000). |
