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Kathmandu Sunday March 10, 2002 Falgun 26, 2058.
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Nepse records whopping slump
of 17 points
Post Report
KATHMANDU, March 9 : The very impact of the
dwindling investors’ confidence was apparent in the Nepal Stock Exchange (Nepse), the
only secondary market of the country, during the week as the index during the week
recorded a massive slump by over 17 points.
The index that opened at 215.89 points on the
opening day slid to 198.37 points on the closing day of the week. This is the largest
slump of the index recorded during the year. Last week the same had tumbled by over 6
points.
The decline in the index is attributed to the
poor performance of the groups enlisted with Nepse and it reflects the investors’
pessimism towards the current economic scenario.
Group-wise trading during the week reveals that
the index of all the groups enlisted with the Nepse recorded a whooping fall. The
commercial banks group, which is the dominant group in the trading floor of the secondary
market and determines the Nepse index as a whole tumbled by massive 24.08 points.
The index of the group, recorded at 197.48
points on Monday had plunged to 173.40 points on Friday during the week. The index of
manufacturing group too recorded a sharp decline by 14.66 points settling at 280.93 points
from 295.59 points during the week.
Likewise, the index of hotel group and finance
group slid to 217.76 points from 218.14 points and 264.69from 272.79 points during the
week respectively. The index of Insurance group and development bank group recorded a
downturn to 278.60 points from 278.76points and 275.31 points from 280.13 points during
the week respectively.
While the index of the other group slid to
128.44 points on Friday against 128.72 points recorded on Monday, the index of the trading
group stood at 103.83 throughout the week.
As usual, the commercial bank group dominated
the trading on the floor of the Nepse capturing 87.15 percent of the total trading. It was
followed by finance company group at 5.47 per cent, development bank group at 3.46 per
cent, hotel group at 1.37 per cent, insurance group at 1.12 per cent, trading group at
0.58 per cent, manufacturing group at 0.44 per cent and other group at 0.30 per cent.
This week shares of total 32 companies were
traded in the stock exchange. 42,121 share units worth Rs 15.15 million were traded in
total 851 transactions carried out during the five-day week. Last week 49,300 share units
valued at Rs 18.94 million were traded in total of 1313 transactions.
Nepal Development Bank recorded maximum
transaction at Nepse during the week. It had a total of 171transactions. Meanwhile, Nepal
Bangladesh Bank had maximum number of transactions both in terms of share units and money.
It had a trading of total 10,700 share units at Rs 6.22 million.
Companies that had shares transaction throughout
week include NB Bank, Bank of Kathmandu, NIC Bank, Nepal Development Bank and Nepal
Merchant Bank and Finance.
Similarly, companies whose shares were traded
for four days include Nepal Bank, Standard Chartered Bank, Nepal SBI Bank, Everest Bank,
Oriental Hotels, Everest Insurance and Lumbini Finance and Leasing.
Meanwhile, Soaltee Hotels, Neco Insurance and
Kathmandu Finance had share transaction only once during the week.
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