Share market sees visible fall

BY A STAFF REPORTER

Kathmandu, Feb. 24: The stock market of the country witnessed a visible fall during the past week both in terms of transaction volume as well as the stock exchange index. The volume of transaction fell by about Rs. 16 million during the week covering February 19 to February 23 while the index slipped by over 28 points.

Nepal Stock Exchange Ltd. (NEPSE) that saw a 15-points fall during the previous week recorded a conspicuous descent during the reported week. The index slipped sector-wise too except in manufacturing and trading sectors in which it remained constant.

The NEPSE index, according to Nepal Stock Exchange Ltd., slipped by 28.22 points on the last day in comparison to the index of the first day. The NEPSE that figured 430.77 on the first day of the week fell to 402.55 on the last day (Friday).

The NEPSE index of the commercial banks slipped sharply to 454.88 by the end of the week from 499.95 in the beginning. The index of the hotel sector came down from 332.91 to 325.61 earlier. Similarly, the index of insurance and finance sector fell to 350.19 from 352.61 while the indices of manufacturing and trading sectors remained constant at 371.96 and 116.75 respectively.

Nepal Industrial and Commercial Bank maintained a lead in terms of transactions as well as the number of shares traded with altogether 11,080 units of shares bought and sold in 233 transactions. However, it was Nepal Bangladesh Bank that topped the list of the companies in terms of transaction value with Rs. 9.46 million.

During the reported week ending February 23, altogether 48,564 units of shares belonging to some 40 enlisted companies (out of 49) were traded for Rs. 43.3 million, according to the report received from Nepal Stock Exchange Ltd.

During the week preceding it, 55,023 units of shares worth Rs.59.8 million were traded on the NEPSE floor. The number of share transactions deceased this week from 1,179 to 962.

So far as the group-wise trading of shares was concerned, the commercial banks group had a sway in the market with 91.55 per cent (down from 93 per cent previous week) of the total market transaction value. The finance companies' sector followed with 4.20 per cent of the market share. The transaction values of hotel and insurance sectors constituted 2.25 per cent and 1.54 per cent respectively while the share of manufacturing sector was negligible. There was no transaction in the trading sector.

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