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Kathmandu Sunday May 20, 2001 Jestha 07, 2058.
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Stock market slumps over 20 points this
week
Post Report
KATHMANDU, May 19 - Plagued by the heavy slump of share
prices of the commercial banks, the Nepali monetary market recorded yet another huge
tumble of 20.36 points deepening the gloom hovering over domestic share market.
The Nepal Stock Exchange (Nepse), during last week’s
transaction, had also witnessed similar decline of over 9 points whereas the market had
slipped by over 3 points two weeks ago.
According to the weekly share information complied and
disseminated by Nepse, the opening index on the first day of trading was 351.08 points on
Monday, which dived to touch 331.72 at the last day of trading on Friday.
As far as as group-wise basis concerned, the indices of
commercial bank group, manufacturing and processing group and insurance and finance group
declined during this week’s transaction. However, the hotel group emerged as the only
group, whose index surged. Meanwhile, the indices of trading group and other groups
remained unchanged.
The index of commercial banks, which has been commanding the
largest share in the Nepali monetary market, recorded a huge tumble of over 30 points to
be recorded at 353.42 points from 383.49 points to touch the lowest mark in recent months.
Similarly, the index of finance and insurance group, which
has become the second largest group in terms of participation in the share transaction,
also continued similar performance, albeit showed marginal slump of 1 point to be remained
at 324.29 from 325.29 points. The group’s index, last week had also faced slump to
remain at 325.30 points from 329.46 points.
The downward trend of the index was also witnessed for
manufacturing and processing group with a slump of 3 points to remain at 329.55 from
332.97 points. The group-wise index for trading group and other groups remained unchanged
during the weekly transactions at 119.78 points and 191.19 points. However, the index for
hotel group surged marginally to touch 303.49 from 302.76.
Despite the heavy slump in the share prices of commercial
bank and Nepse index, the participation of commercial banks in the total transaction
swelled and captured 76.78 per cent against 60 per cent witnessed last week.
The participation of finance group during this week, declined
to remain at 16.66 per cent whereas, such participation last week was 24.22 per cent of
the total transaction. Similarly, the participation of manufacturing and processing
group’s participation swelled slightly to touch 3.76 per cent from 3.52 per cent last
week. In the same way, the participation of insurance group, trading group, other group
and hotel group stood at 1.57 per cent, 0.04 per cent, 0.58 per cent and 0.61 per cent
respectively.
Despite the slump in the Nepse index, the volume and value of
transaction surged remarkably this week. During this week’s transaction, a total of
72,527 units of shares valued at Rs 39.28 million were traded in 814 transactions.Where
as, the Nepse floor, last week, had witnessed a total of 541 transactions in which 35,757
shares valued at Rs 14.5 million were traded.
During the transaction this week, fifty-five companies had
quoted their price for trading, out of which, shares of forty companies were traded.
Nepse, during last week, remained open for all five days.
Companies, whose shares were traded in all five days this
week, include Nepal Arab Bank (Rs 1,400 - 1,405), Bank of Kathmandu (Rs 920 - 830), NIC
Bank (Rs 440 -413), Annapurna Finance (Rs 440 - unchanged), Sagarmatha Insurance (Rs 212 -
210) and Lumbini Finance and Leasing (Rs 236 - 208).
Similarly, other companies whose shares were traded only for
three days are Nepal Bank Limited (Rs 395 - 370), Himalayan Bank Limited (Rs1,415 -
1,340), Nepal SBI Bank (Rs 1,823 - 1,550), Nepal Bangladesh Bank (Rs 1,091 - 997), Everest
Bank (Rs 760 - 700), Taragoun Regency Hotel (Rs 105 - 106), Kathmandu Finance (Rs 310 -
300) and Universal Finance and Capital Markets (Rs 170 - 186).
Similarly, other companies whose shares were transacted for
only one day during this week were Gorakhkali Robber Industry (100/3,800), Rastriya Beema
Sansthan (6/8,580), Latitpur Finance (26/13,000) and Nepal Housing and Merchant Finance
((8,330/23,32,400).
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