Economy News The Rising Nepal (Daily)

NEPSE posts 37.20 points rise, market optimistic

BY A STAFF REPORTER

Kathmandu, Oct. 21: Nepalese share market last week posted an increase in the volume of share transactions, engendered by a dramatic, post-Dashain surge in the total number of transactions and a slight rise in share value of some of the listed companies. The NEPSE index posted an increase of 37.20 points.

The NEPSE on the opening day of the reported week (Oct. 16-20) was 433.92 that zoomed up to 571.12 when the NEPSE floor closed Friday, October 20.

Optimism in air

The last week's (Oct 16-20) market surge indicates some optimism among the investors, but the surge--experts say--should not be taken very optimistically, as the one single day trade alone brought about a big amount of transactions worth Rs. 21.59 million in the previous week (Oct. 9-13) against this week's 5 days transactions.

Going by the sector-wise indices, the NEPSE index of commercial banks rose from 505.43 to 567.13, and the finance and insurance companies from 324.99 to 325.44.

The manufacturing sector was stable at 357.70, trading sector at 117.42, and the others sector at 315.55.

The index of the hotel and tourism sector, however, slipped from 377.78 to 367.04.

More shores traded

According to the Nepal Stock Exchange Ltd. (NEPSE), the market during the week had a total of 977 transactions for 88,313 units of shares worth Rs. 74,732,313.00. The week preceding to it had recorded 412 transactions carrying a total of 32,435 units of shares worth Rs. 21,592,222.00.

So far as the group-wise trading of shares last week is concerned, the commercial banks sector, as usual, topped the list with whopping 98.00 per cent of the total value of the shares traded last week. A total of 66,324 units of shares of commercial banks was traded on the NEPSE floor for Rs. 73,236,808.00. Each of other sectors had less than 1 per cent contribution in the total share trading.

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