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| Kathmandu, Sunday December 29, 2002 Paush 14, 2059. |
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Weekly
stock trading bearish
Post Report
KATHMANDU, Dec 28 :
Downturn in stock trading at the sole secondary market of the country, the Nepal Stock
Exchange (Nepse), continued for yet another week with the index recording a slump of 1.90
points.
Dragged down by sliding
investor confidence, the index plunged to land at 204.53 points on the closing day against
206.43 points recorded on the opening day of the week, according to trading figures issued
by the Nepse. The index had toppled by 7.70 points last week.
Except for the
development bank group, none of the groups enlisted at Nepse recorded satisfactory
performance during the week. Even the recovery made by the earlier sliding development
banks was marginal. The Nepse figures reveal that the index of the group went up to 255.99
points from 255.28 points during the week.
Like the last week, the
index of the commercial bank group that weigh the most in the stock market was recorded at
dismal side, as its index slid to 198.01 points from 200.19 points. The index of the group
had slid by over 10 points last week.
Of the other enlisted
financial groups, the finance group too slid by over six points during the week. As per
the Nepse, the index of the group plunged to 233.14 points on Friday against 239.36 points
recorded on Monday. Last week its index had slid by about 5 points.
Likewise, the index of
the insurance group too slid to 283.76 points from 285.04 points during the week. Its
index had slid marginally during the last week as well. In the like manner, the index of
the other group too slid to 62.48 points from 63.78 points during the week.
Meanwhile, indices of
manufacturing group, hotel group and the trading group remained at 237.95 points, 194.76
points and 92.85 points respectively throughout the week. Indices of all these groups had
recorded a significant decline in their indices during the last week.
During the week, the
commercial bank group captured the largest chunk of stock trading carried out at the Nepse
floor. According to the Nepse, the trading of the commercial bank group comprised 57.25
per cent of the total stock trading carried out at the secondary market.
It was followed by the
finance group (34.13 per cent), insurance group (4.15 per cent), trading group (1.56 per
cent), hotel group (1.47 per cent), development bank group (0.80 per cent) and the other
group (0.63 per cent). Shares of manufacturing group were not traded during the group.
During the week, a
total of 65,668 share units worth Rs 15.57 million were traded through 1,588 transactions,
while the last week, 62,596 share units were traded at Rs 16.66 million from 658
transactions.
United Finance recorded
a maximum trading in terms of transactions and share units during the week and these were
put at 628 and 10,150 respectively. However, it was Nabil bank that recorded highest
trading in monetary worth. Its trading ran at Rs 2.66 million.
Shares of Nabil Bank,
Nepal Investment Bank, Nepal SBI Bank, NB Bank, Everest Bank, Bank of Kathmandu, Union
Finance, United Finance, Nepal Development Bank and Development Credit Bank were traded
throughout the five-day week.
While shares of NIC
Bank, NB Finance and Leasing were traded for four days, shares of Nepal Share Markets,
Annapurna Finance, Neco Insurance, People’s Finance, Lalitpur Finance and Goodwill
Finance were traded only once during the week.
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