Share market decline continues

BY A STAFF REPORTER

Kathmandu, Dec. 16:The declining trend that set in Nepal’s stock market a few weeks ago persisted during the last week too. During the week covering December 11 to December 15, Nepal Stock Exchange Ltd. (NEPSE) reported a gradual decline with a slight rise on the last day.

The NEPSE index, according to Nepal Stock Exchange Ltd., saw a 9.60-points decline by the end of the week. The NEPSE that figured 495.65 on the first day of the week fell to 486.05 on the last day (Friday), although up from 484.53 the previous day. The indices were 489.74 and 488.01 on the second and third days of the week respectively.

Seen sector-wise, the share-trading index of the commercial bank came down to 584.75 from 596.54 at the beginning of the week. The Index of the manufacturing and processing group fell to 369.64 from 373.55 while the hotel’s index stood at 361.80 when transactions closed Friday, down from 384.19 early last week. The Index of the trading sector remained 119.42 throughout the week while the index of the insurance and finance sector went slightly up from 355.13 to 355.14. The index for the others came down to 343.24 from 348.37.

Nepal Industrial and Commercial (NIC) Bank topped the list of share trading with 167 transactions while it was Bank of Kathmandu (BoK) that led the market in terms of the number of shares traded (19,290) as well as in value (over 28.3 million).

During the week ending December 15, altogether 70,386 units of shares belonging to 42 listed companies were traded for Rs. 62.83 million, according to a report received from Nepal Stock Exchange Ltd.

During the week preceding it, 87,235 units of shares worth Rs. 67.16 million had been traded on the NEPSE floor. The number of transactions decreased this week to 924 from 1073 during the previous week.

So far as the group-wise trading of shares is concerned, the commercial banks group repeated its feat registering the biggest amount of transaction.

A total of 61,966 units of shares belonging to the commercial banking sector was traded for Rs 93,164,370.00 (92.72 per cent). The transaction of banking sector was followed by that of finance companies sector with a transaction of 12,417 units of shares worth Rs. 3,838,140 (14.19 per cent).