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| Kathmandu, Sunday March 02, 2003 Falgun 18, 2059. |
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Nepse slip continues, index
tumbles by about 3 pts
Post Report
KATHMANDU, March 1 : Rising selling pressure
along with slowly slipping confidence of investors due mainly to the heightening confusion
regarding initiation of peace talks between the government and Maoists has dragged down
the Nepal Stock Exchange (Nepse) index for the third consecutive week.
The Nepse, which is regarded as a barometer to
gauge investors’ confidence, had recorded at 211.99 point on the opening day, but it
slid by 2.73 point during the week to land at 209.26 point on the closing day, according
to information issued by the Nepse. The Nepse index had decline by 0.24 point the last
week and about 4 points the week previous.
During the week, except for the development bank
group, none of the groups enlisted at Nepse managed to retain the market value of their
shares. More so was seen in case of the commercial bank group, which was recorded, as the
largest loser in index during the week.
The index of the group slid by over 4 points to
land at 203.62 point on the closing day against 207.75 point recorded on the opening day.
Last week, its index had recorded a marginal increment.
Likewise, the finance group too recorded a
tumble of over 2 points in its index during the week. The index of the group fell to
225.70 point on Friday against 227.71 point recorded on Monday, according to Nepse. It had
declined last week as well.
The index of the insurance group slid to 253.47
point from 254.68 point during the week, while the index of the development bank group
recorded an upsurge of about 4 points after it settled at 262.55 point on Friday against
258.62 point recorded on Monday. Indices of both these groups had declined last week.
Meanwhile, indices of the manufacturing group,
the hotels group, the trading group and the other group were maintained constant
throughout the week. According to the Nepse, indices of these groups remained at 253.20
point, 200.72 point, 92.85 point and 61.19 point throughout the week respectively. Indices
of these groups had remained constant last week as well.
As usual, the commercial bank group captured the
largest chunk of stock trading carried out at the Nepse floor during the week. Its trading
comprised 67.52 per cent of the total stock trading. It was followed by the finance group
at 20.49 per cent and the insurance group at 10.67 per cent.
Likewise, the development bank group captured
0.59 per cent followed by the hotels group, the manufacturing group and the trading group
at 0.50 per cent, 0.14 per cent and 0.09 per cent respectively.
Nepal Life Insurance Company topped the list of
largest companies recording the highest shares trading in share units and transaction
terms. A total of 9,540 shares of the company were traded through 612 transactions.
However, it was Nepal SBI Bank, which recorded the highest trading in monetary terms, put
at Rs 2.14 million.
Shares of Nabil Bank, Standard Chartered Bank,
Nepal SBI Bank, NB Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Nepal LIfe Insurance
Company, United Finance, International Leasing and Finance and Nepal Development Bank were
traded throughout the week.
While shares of Nepal Investment Bank, Himalayan
Bank, Alliance Insurance, Union Finance, Nepal Merchant Banking and Finance and
Development Credit Bank were traded for four days, shares of Harisiddhi Bricks and Tile
Factory, Soaltee Hotel, Salt Trading, Rastriya Beema Samsthan, Nepal Life and General
Insurance, Sagarmatha Insurance, Premier Insurance, Citizen Investment Trust and Nepal
Housing Development and Finance were traded only once during the week.
Other Story
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