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| Kathmandu, Sunday October 13, 2002 Ashwin 27, 2059. |
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Nepse trading recovers
marginally
Post Report
KATHMANDU, Oct 12:Despite the onset of Dashain,
the greatest Hindu festival, which generally diverts the small investors, Nepal Stock
Exchange (Nepse), the sole secondary market recovered for second consecutive week.
According to information provided by the
Exchange, the Nepse index went up by 0.50 point during the week, settling at 219.26 point
on Friday against 218.76 point recorded on Tuesday, the opening day of the week. Last
week, the index had soared by 0.37 point.
The recovery during the week was triggered by
the better transactions recorded by the all the financial groups enlisted at the Nepse,
primarily the commercial bank group which has a lion’s share at the stock market,
following the increased buying pressure.
The index of the commercial bank group went up
by about 1 point settling at 212.54 point on the closing day against 211.60 point recorded
on the opening day. The index of the group had recovered by over 1 point the last week.
While the insurance group remained constant at
291.59 point throughout the week, indices of the finance and the development bank group
soared to 246.61 point and 257.64 point from 246.11 point and 256.93 point respectively
during the week. Indices of all these financial groups had plummeted the last week.
The index of the manufacturing group went on
with its declining trend this week as well, albeit marginally. The index of the group
landed at 268.11 point from 268.53 point during the week.
Indices of the trading and the other group too
plunged by over 1 point each to 94.29 point and 68.94 point from 96.95 point and 70.23
point respectively during the week. While the trading group’s index was constant the
last week, the other group’s index had tumbled the last week as well.
Contrary to the last week, the index of the
hotel group remained constant at 204.04 during the week. Last week the index of the group
had slid marginally.
As usual, the banking group captured the largest
chunk of share trading at the Nepse floor. It captured 43.63 per cent of the total share
trading. It was followed by the trading group at 40.27 per cent and the finance group at
12.45 per cent.
While the hotel group captured 2.65 per cent of
the total share trading, the development bank group, the other group, the manufacturing
group and the insurance group comprised 1.14 per cent, 0.28 per cent, 0.14 per cent and
0.04 per cent of the total transactions carried out at Nepse respectively.
During the week, 8,367 share units were traded
at Rs. 3.47 million through 147 transactions, while the last week, 17,268 share units
worth Rs. 4.24 million were traded from 401 transactions.
Union Finance recorded maximum share
transactions put at 40, while Orientals hotel registered maximum trading in terms of share
units during the week. A total of 1,800 shares of the hotel were traded during the period.
However, it was Bishal Bazar Company that
recorded maximum transaction in monetary terms. The company saw a total share trading
worth Rs 1.40 million during the week.
Shares of Himalayan Bank and Union Finance were
traded throughout the week, while share of NB Bank and Nepal Development Bank were traded
for three days of the week.
Likewise, shares of Everest Bank, Nepal Welfare
Company, Nepal Finance Company, National Finance Company, Nepal Housing Finance Company,
Goodwill Finance, Alpic Everest Finance, Sagarmatha Insurance, Nepal Lube Oil and Shree
Brikuti Paper Mills were traded only once during the week.
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