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| Kathmandu, Sunday August 11, 2002 Shrawan 26, 2059. |
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Nepse recovers marginally
Post Report
KATHMANDU, Aug 10:The secondary stock market,
after a series of up and down recorded a brief recovery during the week. Nepal Stock
Exchange (Nepse) Index, a quick barometer reflecting confidence of the investors at the
sole secondary market recovered by 1.19 point during the week.
According to information disseminated by the
Nepse, the overall index during the five-day week settled at 224.03 point on Friday, the
closing day, against 222.84 point registered on Monday, the opening day of the week. The
index had slid marginally by 0.13 point the last week, while it had gone up by 2.82 point
the week previous.
The recovery during the week was largely due to
the increased buying pressure recorded in the commercial bank group and the development
bank group. The indices of these groups recorded a gain of 1 point and 2 point
respectively during the week.
The index of the commercial bank group went up
to 215.97 point from 214.70 point during the week. The last week, the index of the group
had slid marginally by 0.20 point. Continuing soaring trend of its index, the development
bank group was recorded at 266.16 point on Friday against 264.04 point registered on
Monday.
However, indices of the manufacturing and the
hotel group during the week recorded a plunge by about 1 point each. Index of these groups
tumbled to 270.93 point and 215.74 point from 271.83 point and 216.13 point respectively.
Indices of both these groups had remained unchanged the last week.
The insurance group and the finance group too
saw a decline in their indices by about 11 point and 1 point during the week respectively.
Indices of these groups landed at 296.76 point and 259.53 point from 307.71 and 261point
respectively. Indices of both these groups had soared the last week.
Meanwhile, indices of the trading group and the
other group remained unchanged at 96.95 point and 80.25 point throughout the week
respectively.
As usual, the commercial bank group captured the
largest chunk of the stock trading, put at 72.55 per cent of the total trading recorded at
the Nepse’s floor. It was followed by the development bank group at 12.07 per cent,
the finance group at 7.96 per cent, the insurance group at 5.78 per cent and the hotel
group at 1.38 per cent.
Likewise, the share transactions of the
manufacturing group, the trading group and the other group stood at 0.18 per cent, 0.04
per cent and 0.04 per cent of the total transactions respectively.
During the week, 24,805 share units were traded
at Rs 7.48 million from 731 transactions at the Nepse’s floor, while the last week
34,713 share units worth Rs 7.19 were traded through 1,047 transactions.
Development Credit Bank recorded a maximum
trading in terms of share trading and transactions. 4,880 share units of the bank were
traded from 516 transactions. However, it was Standard Chartered Bank that topped the
stock trading in terms of monetary worth, standing at Rs 1.55 million.
Shares of Standard Chartered Bank, NB Bank,
Everest Bank, Bank of Kathmandu, NIC Bank, Nepal Development Bank, Nepal Merchant Bank and
Finance and Development Credit Bank were traded throughout the week.
While shares of Nepal Bank, Nepal Arab Bank,
Premier Finance and Sagarmatha Finance were traded for four days, shares of Salt Trading,
Nepal Insurance Company, Nepal Finance and Saving, National Finance, Citizens Investment
Trust, Lalitpur Finance and Nepal Lube Oils were traded only once during the week.
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