 |
Kathmandu Sunday January 06, 2002 Paush 22, 2058.
|
Investment outlook continues
to slide
Post Report
KATHMANDU, Jan 5L:Investors’ confidence in
the stock market continued to remain low. The low expectation is reflected by the slide in
the Nepse Index consecutive fourth week.
According to information disseminated by the
Nepal Stock Exchange (Nepse), the only secondary market in Nepal for stock transaction,
the Index slumped by almost 9 points this week.
While the Index at the opening of trading on
Monday stood at 269.75, the barometer of investors’ confidence dropped 8.67 points
during the weekly trading to settle at 261.08 at the close of trading late Thursday.
The Index has been on a continuous slide for the
past four weeks. While the indicator had dropped 6.41 points last week, it had slumped by
over 3 points and by over 6 points in the previous two weeks.
On a group-wise manner, the Index of most groups
waned during the week. The slump was largest in the commercial bank group that dropped by
almost 14 points from 274.29 to 260.87.
The index of the banking group had dropped from
287.52 to 276.79 last week. Similarly the declines in the previous two weeks were 7 points
and 8 points respectively.
The indices of hotel group, insurance group,
finance group and other group fell from 235.77 to 233.47, 302.92 to 302.61, 298 to 295.48
and 147.26 to 146.41 respectively.
However, while the index of the manufacturing
and processing group remained unchanged at 304.99, the index of the trading group surged
marginally from 103.77 to 105.39.
The trading during the week was largely
dominated by the commercial bank group, which captured 67.14 per cent of the total
trading. While no shares from the manufacturing and processing group were exchanged, the
participation of the trading group, hotel group, insurance group, finance group and other
group stood at 0.28 per cent, 3.91 per cent, 1.95 per cent, 26.07 per cent and 0.65 per
cent respectively.
During the week, a total of 17,468 share units
worth Rs 6.01 million were traded in a total 392 transactions. The total transaction
includes 110 units of preference shares valued at Rs 8,220 of Taragaon Regency Hotel Ltd.
Trading during the week, in terms of total value
of transaction, was led by Nepal Bangladesh Bank Ltd., with transactions worth over Rs 965
thousands.
In the last week, a total of 42,146 shares worth
Rs 14.95 million were traded in 881 transactions. The trading in the previous week had
stood at 102,361 share units valued at Rs 27.71 million.
Similarly, Oriental Hotels Ltd. led the trading
in terms of the total numbers of shares transacted, while Nepal Merchant Banking and
Finance Ltd. topped in the number of transactions.
The stock exchange this week remained open for
only four days. Shares of 32 companies were traded during the week.
Companies whose shares were traded on all four
days include Nepal Bank Ltd., Nepal Arab Bank Ltd., Nepal SBI Bank, Nepal Bangladesh Bank
Ltd., Bank of Kathmandu Ltd., Nepal Merchant Banking and Finance Ltd., Oriental Hotels
Ltd. and Nepal Bangladesh Finance and Leasing Company Ltd.
Similarly, companies whose shares were traded
only three days include Standard Chartered Bank Ltd., Everest Bank Ltd., Nepal Industrial
and Commercial Bank Ltd., Salt Trading Company Ltd. and Sagarmatha Insurance Company Ltd.
Shares of Nepal Share Markets Company Ltd.,
Necon Air and Goodwill Finance Company Ltd. were traded for only one day.
Other Story
|
