ECONOMY  

Kathmandu Sunday November 11, 2001 Kartik   26,  2058.

Nepse index soars by 6 points

Post Report

KATHMANDU, Nov 10 – Deteriorating confidence of share investors over the stock market seems to be set for the revival as the volume of share transactions during this week increased three fold as that of the last week increasing the Nepal Stock Exchange (Nepse) index by over six months.

Nepse Index during past two week increased by 12 points recording an increment of 4.73 points and 6.22 points in the last two weeks respectively. Also, the volume of share transactions this week touched to Rs 33.32 million against share transaction of Rs 10.91 million recorded in the last week.

According to information compiled and disseminated by Nepse, the index during this week soared by 6.22 points and settled at 297.19 points on closing day Friday from the opening index of 290.97 points on Monday. The index during the last week had also increased by 4.73 points rising from 285.25 points to 289.98 points.

In group-wise manner, the index of commercial banks during this week has shown a significant increment of 10 points. The index of this group rose from 303.77 points in the opening day to 313.76 points in the closing day. This group has shown a similar recovery in the last week, recording an increment of over 7 points rising from 293.97 points to 300.69 points.

Similarly, the index of manufacturing and processing group recorded a marginal incline during this week increasing from 316.45 points to 317.57 points on the closing day. The index of this group has increased by 6.88 points from 309.57 to 316.45 points in the last week.

During this week, the index of insurance and finance group marginally declined to settle at 310.36 points to 310.66 points. The index of this group, last week had soared by 3 points setting at 310.38 points against the index of 307.46 points.

In the like manner, the index of Hotel group also marginally declined this week from 235.79 points to settle at 234.27 points. The index of this group had shown a decline of 7 points diving from 254.96 points to 247.33 points in the last week.

The index of trading group remained unchanged at 102.28 points this week while it had surged by over 4 points in the last week increasing from 95.03 points to 99.73 points during the week.

The index of others had declined marginally from 147.28 points to end at 146.41 points. The index of this group in the last week had declined marginally from 146.98 points to 146.41 points.

In group-wise market participation, commercial bank group continued to lead the share transactions to retain its first position capturing 44.84 per cent of total market participation. This group had captured 48.95 percent of last week’s total share trading.

During this week, huge share transaction of more than 100,000 share units of Soaltee Hotel contributed for the Hotels group to gain the second position this week pushing the finance group at the third position. The market participation of this group during this week was 39.13 per cent of total share transactions. This group’s share transaction during last week was 4.28 per cent.

During this week, finance group had to satisfy at the third position with the share transactions of 14.52 per cent. The group had a market participation of 42.40 per cent in the last week. Likely, market participation of manufacturing and processing group was 0.85 per cent against 1.8 per cent in the last week. Also, the share transaction of insurance group and others group during this week were 0.57 per cent and 0.1 per cent respectively.

During this week, 172,263 share units valued at Rs 33.32 million were traded in 852 share transactions. In the last week 38,776 share units valued at Rs 10.91 million were traded in 370 share transactions.

In terms of the number of transactions, Nepal Bank Limited toped the list with 80 share transactions. Soaltee Hotel Ltd however was ranked first in terms of value of share transactions and the units of share transacted. A total of 102772 share units of the banks’ share valued at 11.40 million were traded during this week.

The Nepse market remained open only for four days this week. The companies whose share were traded all four days includes Nepal Bank, Nepal Arab Bank, Standard Chartered Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Nepal Merchant Banking and Finance, Siddhartha Finance, Lumbini Finance and Leasing company, and Oriental Hotels.