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| Kathmandu Sunday March 31, 2002 Chaitra 18, 2058. |
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Nepse plunges by 22 points
Post Report
KATHMANDU, March 30:After recording a remarkable
revival of over 22 points during last week, the stock market again registered a
double-digit tumble of 14 points clearly reflecting the waning speculative investment
confidence mainly due to the continued fragile security situation of the country combined
with dismal economic and business activities.
The Nepal Stock Exchange (Nepse)’s
transaction that opened at 213.74 points tumbled down by 14.93 points to settle at 198.81
on the closing day of the week. The index had soared by over 22 points during the
transactions of the last week against the plunge of 9 points in the previous week.
While analyzing the group-wise performances of
the Nepse listed companies, the index of the commercial bank, which commands a lion’s
share in the Nepalese stock market registered a record tumble of over 23 points to settle
at 175.27 points from 198.16 points. However, the index of the group, during the last week
had soared by 34.73 points settling at 191.72 points from 156.99 points.
Indices of finance group and development bank
group too went down marginally to 266.69 points and 280.61 points from 270.44 points and
289.94 points respectively. Indices of production group, trading group, insurance group
and the other group, meanwhile, remained unchanged at 278.55 points, 103.60 points 277.40
points and 119.60 points respectively. Similarly, the index of the hotel group also
slipped marginally to touch 214.50 points from 214.88 points.
As usual, the commercial bank group dominated
trading at the Nepse’s floor and captured 94.4 per cent of the total trading. It was
followed by the Development Bank group at 5.09 per cent, the Insurance group at 1.57 per
cent, the manufacturing group at 0.47 per cent and the hotel group at 1.28 per cent. The
trading group captured only 0.84 per cent while other group recorded no transactions
during the week.
This week shares of total 30 companies were
traded in the stock exchange against 49 companies that had listed their shares for
transaction. A total of 38,622 share units valued at Rs 13.65 million were traded in 875
transactions carried out during the week. Last week 51,778 units worth Rs 14.79 million
were traded in total 1281 transactions.
Nepal Development Bank continued to top the
trading list in terms of number of share transactions. It had a total of 205 transactions
at the Nepse. However, in terms of share units and value of transaction, Bank of Kathmandu
secured the highest position with 10,863 share transactions valued at Rs 3.15 million.
The Nepse floor remained opened for 4 days
during the last week. Companies that had shares transaction throughout the four-day week
include Nepal Arab Bank, Nepal Indosuez Bank, Nepal SBI Bank, Nepal Bangladesh Bank,
Everest Bank, Bank of Kathmandu, NIC Bank, Himalayan Bank, Nepal Development Bank,
Oriental Hotels Nepal and Lumbini Finance and Leasing.
Similarly, the shares of Standard Chartered
Bank, Kathmandu Finance and Sidhartha Finance were transacted only three days on the Nepse
floor while Nepal Insurance, Nepal Share Markets, People’s Finance, Nepal Housing
development company, HISEF and Ace Finance had only transactions during the week. |
