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 Kathmandu Sunday November 25, 2001 Marga 10,  2058.


Nepse index dips by over 5 points

Post Report

KATHMANDU, Nov 24 – Nepal Stock Exchange (Nepse) index that represents the confidence of shareholders in stock market has declined this week by over five points.

The index had increased continuously for the last four weeks indicating an increase in the confidence of the share holders over the share market. The volume of share had also increased during the last four weeks.

According to the information compiled and disseminated by Nepal Stock Exchange, the Nepse Index plunged this week by 5.14 points from 300.15 points to remain at 296.01 points. The Index in the last week had increased by 2.82 points and by over 12 points in the previous two weeks.

In group-wise manner, the index of commercial banks during this week has shown an increment of 3 points. The index of this group rose from 315.28 points in the opening day to 318.55 points on the closing day. Similarly, the index of Insurance and Finance Group has also soared from 309.13 points to 316.21 points.

However, the index of manufacturing and processing group recorded a marginal decline and settled at 317.16 points from 317.51 points while the index of hotel groups and trading groups remained unchanged at 235.51 points and 102.28 points respectively.

During this week, the index of other groups increased marginally from 146.41 points to settle at 147.26 points.

In group-wise market participation, commercial bank group continued to lead the share transactions to retain its first position capturing 68.58 per cent of the total market participation. This group had also remained in the first position in the last week capturing 61.91 per cent of the total shares.

During this week, the market participation of finance group remained at the second position capturing 23.05 per cent of total share transactions. This group had also remained at the second spot with the share transactions of 18.43 per cent.

The share of hotel group this week was 6.51 per cent of total share transactions while it was 11.8 per cent in the last week, which helped the group to stay at the third position during both the weeks. In the same way, market participation of manufacturing and processing group was 4.31 per cent while that of others was 0.02 per cent.

During this week, a total of 45,902 share units valued at Rs 14.89 million were traded in 1058 share transactions. In the last week, 22,584 share units valued at Rs 6.24 million were traded in 502 share transactions.

In terms of the number of share transactions and the units of share transacted, Oriental Hotels topped the list with a transaction of 13,980 share units in 205 share transactions. However, Bank of Kathmandu topped the list in terms of value of shares transacted. And such transaction was of Rs 1.78 million.

The Nepse market remained open for all five days of this week. The companies whose shares were traded all five days include Nepal Arab Bank, Standard Chartered Bank, Bank of Kathmandu, Himalayan Bank Limited, Nepal Merchant Banking and Finance, Alpic Everest Finance Limited, Oriental Hotels, Lumbini Finance and Leasing Company and Nepal Bangladesh Leasing and Finance Company.


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