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| Kathmandu, Sunday May 12, 2002 Baishakh 29, 2059. |
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Nepse Index soars by 10 points
Post Report
KATHMANDU, May 11:Nepal Stock Exchange (Nepse),
the sole secondary market of the country continued recovery, recharging the confidence of
speculative investors for yet another week. Owing to the intensified buying pressure, the
Nepse index soared by 9.69 points during the week.
The stock market closed at 240.46 points on
Friday against 230.77 points recorded on Monday recording an upsurge by about 10 points
during the week. The index had soared by 5.18 points in the last week.
According to an information disseminated by
the Nepse, all the groups, except for the finance group, recorded higher or maintained
their indices during the week contributing in the overall index’s outlook.
The index of the commercial bank group during
the week enjoyed a remarkable growth by about 15 points settling at 239.52 points on
Friday from 224.59 points recorded on Monday. The index of the group had soared by over 8
points last week.
While the index of the manufacturing group
remained at 285.66 points throughout the week, the index of the hotel group went up
marginally to 217.57 points on Friday against 217.18 points recorded on Monday. Indices of
both these groups had tumbled marginally the last week.
Contrary to the last week, index of the
insurance group slipped marginally to 263.84 points from 263.92 points during the week.
Index of the Finance group, however, maintained its growth trend settling at 267.09 points
from 265.87 points during the week.
The index of the development bank group too
went up by over 4 points to 298.42 points from 294.09 points during the week. The index of
the group had soared by about 8 points last week.
Indices of the trading and the other group,
meanwhile, remained constant at 102.91 points and 106.19 points, respectively for the
second straight week.
The commercial bank group, as usual, captured
88.07 per cent of the total trading carried out on the Nepse’s floor during the week.
It was followed by the finance group at 6.28 per cent, the development bank group at 2.67
per cent, the insurance group at 1.86 per cent and the hotel group at 1.12 per cent.
Shares of the manufacturing group, the trading group and the other group were not dealt
with during the week.
Moreover, shares of 32 companies were traded
at the stock exchange during the week when a total of 67,153 share units valued at Rs
27.86 million were trade in 1079 transactions. Last week, 39,456 share units worth Rs
14.56 million were traded through 735 transactions.
With a trading of 18,609 share units at Rs
5.67, Bank of Kathmandu topped the list of best performers during the week in monetary
terms. However, it was Nepal Bangladesh Bank that had maximum number of transactions
during the week and it was put at 193.
The companies, whose shares were transacted
throughout the five-day week include Nepal Bank, Nabil Bank, Nepal Indosuez Bank, Standard
Chartered Bank, Nepal SBI bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu,
NIC Bank, Himalayan Bank, Nepal Development Bank and Oriental Hotels.
Similarly, NIDC Capital Markets, Ace Finance,
and Lumbini Finance and Leasing saw their shares traded for 4 days of the week. Meanwhile,
Alliance Insurance is the only company whose shares were traded only once during the week.
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