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| Kathmandu Sunday March 17, 2002 Chaitra 04, 2058. |
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Nepse records yet another tumble
Commercial banks index falls by 14 points
Post Report
KATHMANDU, March 16 Following a double-digit
dive of over 17 points during last weeks transactions, the Nepal Stock Exchange (Nepse)
Index fell this week by over 9 points reflecting the eroding confidence of share investors
in the securities market.
According to statistics compiled and
disseminated by the Nepse, the index during last week’s transaction opened with
195.46 points on Monday and closed at 186.22 points on Friday recording a decline of 9.24
points during the week. The index in the last week had shown a massive slump of 17 points
declining from 217.89 points to 198.37 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 most of the groups enlisted with the Nepse recorded a downfall. During the
week, the index of Hotel group and development bank’s group only showed a marginal
rise.
The commercial banks group that commands the
share transactions in the secondary market recorded a whopping plunge of 13.33 points. The
index of this group fell from 168.99 points to settle at 155.66 points. The index of this
group had also recorded a massive decline of 24.08 points.
The index of finance group recorded a marginal
fall during this week declining from 262.88 points to 262.57 points. The index of this
group had slid to 264.69 points from 272.79 points in the last week.
During the weeks transaction the index of
manufacturing and processing group declined by over three points decreasing from 280.87
points to 277.21 points. The index of this group in the last week had recorded a sharp
decline of 14.66 points. Likewise, the index of others also declined sharply from 128.44
points to 119.60 points. The index of this group had marginally slid during the last
months trading.
However, the index of hotel group showed some
recovery in its index and marginally increased from the index of 217.76 points on the
opening day to set at 218.14 points on the closing day. The index of this group had
declined during marginally during the last week’s transaction.
In the same manner, the index of development
banks group rose by around two points increasing from 274.83 points to 276.28 points. The
index of this group has declined during the last week by over five points.
The indexes of the trading group and insurance
group remained unchanged at 103.83 points and 278.60 points respectively. During the last
week, the insurance group
As usual, the commercial bank group dominated
the trading on the floor of the Nepse capturing 83.06 per cent of the total trading which
was followed by finance groups with 8.82 per cent, development banks group with 3.32 per
cent, manufacturing and processing group with 2021 per cent, hotel groups with 1.94 per
cent, insurance group with 0.58 per cent and others capturing 0.30 per cent of the total
share transactions.
This week shares of total 38 companies were
traded in the stock exchange. A total of 32,509 share units valued at Rs 11.34 million
were traded in total 851 transactions carried out during the four-day week. Last week
42,121 share units worth Rs 15.15 million were traded in total 851 transactions.
Nepal Bangladesh Bank topped the list of the
share transaction in terms of maximum number of shares traded, value of share traded and
maximum number of share trading. A total of 8,010 unit shares of the Bank valued at 4.09
million were transacted in 187 share trading.
Companies that had shares transaction throughout
week include Nepal Arab Bank, Standard Chartered bank, Everest Bank, Bank of Kathmandu,
NIC Bank, Nepal development Bank, Nepal Merchant Banking and Finance and Oriental Hotels. |
