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ECONOMY


 Kathmandu Sunday February 18, 2001 Falgun 07,  2057.


NEPSE index slips by 15 pts.

BY A STAFF REPORTER

Kathmandu, Feb. 17: The stocks market of the country showed mixed indicators during the past week. The volume of transaction rose by about Rs. 10 million during the week covering February 12 to February 16. The stock exchange index however witnessed a notable fall.

Nepal Stock Exchange Ltd. (NEPSE) recorded a fall by nearly fifteen points during the reported week. The index slipped sector-wise too except in insurance and finance sector that managed to record a slight rise.

The NEPSE index, according to Nepal Stock Exchange Ltd., slipped by 14.68 points on the last day in comparison to the index of the first day. The NEPSE that figured 451.57 on the first day of the week fell to 436.97 on the last day (Friday).

The NEPSE index of the commercial banks slipped considerably to 509.00 by the end of the week from 531.67 in the beginning. The index of the manufacturing and processing group came down from 373.46 to 371.96 earlier. Similarly, the index of hotel sector slipped to 340.22 from 348.99 while the index of the insurance and finance sector rose slightly from 350.86 to 352.00.

As in the previous week, the Lumbini Finance and Leasing Company maintained a lead in the share market in terms of transactions with altogether 328 buy and sell. However, it was the Bank of Kathmandu that topped the companies in terms of the number of shares traded and the value of transaction. Altogether 14,532 shares of BoK were traded for Rs. 17.6 million. During the previous week, Nepal SBI Bank had a record high transaction with 11,011 shares traded at Rs. 1.32 million.

During the reported week ending February 16, altogether 55,023 units of shares belonging to 34 enlisted companies (out of 50) were traded for Rs. 59.8 million, according to the report received from Nepal Stock Exchange Ltd.

During the week preceding it, 49,606 units of shares worth Rs.49.8 million were traded on the NEPSE floor. The number of share transactions deceased this week from 1,225 to 1,179.

So far as the group-wise trading of shares was concerned, the commercial banks group had a sway in the market with 93.16 (up from 89 per cent previous week) per cent of the total market transaction value. The finance companies’ sector followed with 5.20 per cent of the market share. The transaction values of trading, insurance and hotel sectors remained less than one per cent.


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