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Kathmandu Sunday March 04, 2001 Falgun 21, 2057.
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Nepse slide continues, Index down by over 20
points
Post Report
KATHMANDU, March 3 - The Nepse index, which had been facing
series of sliding since last couple of months, witnessed another historic and drastic
slump of over 20 points during this week’s transaction, resulting first-ever row
between the speculative investors and Nepse officials blaming each other for inefficiency.
However, after a day long intense negotiation, both the parties including stock brokers
agree to work together in preventing further tumbling of share market by enhancing
transparency and sharing stock information in more comprehensive manner.
In the latest series of plunging, he Nepse index, during
this week’s transaction recorded a down fall of 20.80 points to settle at 377.20
points. The Nepalese stock market had experienced similar kind of slump of over 28 points
last week, which was one of largest tumble ever-recorded within a week. Similarly, two
week’s ago, the Nepse index had registered another nosedive of over 14 points to
settle down at 436.97 points at the weekly closing on Friday.
According to the weekly share information complied and
disseminated by Nepse, the opening index on the first day of weekly trading on Monday was
398.00 points, which during the weekly transaction declined to touch 377.20 points at the
end of this week’s transaction.
On the group wise basis, except for the hotel group index,
indices of none of the groups increased. The indices for manufacturing and processing and
trading groups remained constant at 371.96 and 116.75 points. The indices of other groups
and finance and insurance plunged by 22 and 10 points and remained at 196.88 and 344.92
points respectively. The index of the commercial bank group, which has witnessed a record
level decline of almost 45 points last week continued to tumble by over 34 points and
remained at 413.52 from 447.61 points. Since the commercial bank group alone commands
majority share of almost 90 per cent of the total share transaction, any tumbling in its
index is automatically reflected in the overall Nepse index. The index of the commercial
bank group, during the two week’s ago, had also decreased by almost 21 points to
touch 509.00 points from 531.67 points.
Group wise trading information for this week reveals the
participation of commercial banks in the overall transaction at 90.87 per cent whereas
such participation during last week was 91.55 per cent and 93.16 per cent two week’s
ago.
However, the participation of the insurance group, during
the weekly share transaction, remained at 0.86 per cent, down from 1.54 per cent recorded
last week. Similarly, the participation of finance group increased to capture 6.17 per
cent against 4.2 per cent recorded last week. In the same way, other group at 0.78 per
cent, hotel groups at 1.32 per cent. No transaction for the trading group and
manufacturing and processing group was recorded this week.
Along with a decline in the Nepse Index, the stock market
also saw a considerable slump in the number of share units transacted, number of
transactions and the value of transaction. In a total 676 transaction, 36,289 shares
valued at Rs 29.48 million were traded during this week’s transaction, whereas the
Nepse market, last week had recorded a total 962 transactions with 48523 share units worth
Rs 43.34 million. Similarly, 55,023 units of share in 1,179 transactions worth of Rs 59.88
were traded two weeks ago.
Share trading this week, in terms of number of transactions
was led by Lumbini Finance and Leasing Company with a total 154 transactions. However, in
term of number of unit share, Bank of Kathmandu led the list, whose 7,031 units of shares
were traded during the weekly transaction. Similarly, in terms of value of transaction,
Nepal Arab bank was ranked first with Rs 7.10 million.
During the transaction this week, forty-eight companies had
quoted their price for trading, out of which, shares of only thirty-one companies were
traded. Nepse, during last week, remained open for only four days.
Companies, whose shares were traded for all four days this
week, include Nepal Arab Bank (Rs 1,351 - 1,335), Nepal SBI Bank (Rs 1,950 - 1,801), Nepal
Bangladesh Bank (Rs 2,400 - 2,252), Everest Bank (Rs 760 - 740), Bank of Kathmandu (Rs
1,051 - 992), NIC bank (Rs 436 - 465), Necon Air (Rs 140 - 121), Taragoan Regency Hotel
(Rs 100 - 101) and Lumbini Finance and Leasing (Rs 254 - 240).
Similarly, other companies whose share were trade only
three days include Nepal Bank Limited (Rs 400 - 360), Nepal Indosuez Bank (Rs 1,650 -
1,550), Premier Insurance Company (Rs 265 - 270) and Kathmandu Finance (Rs 310 - 335).
Companies which shares were traded only one day include
Soltee Hotel (100/18,000), National Finance (Himalayan General Insurance, NIDC Capital
Markets, National Finance (100/60,000), Samjana Finance (100/17,200), Gorkha Finance
(1000/1,13,000) and Yeti Finance (20/3,600). |
