NEPSE index down 7.41pts despite rise in transaction volume

BY A STAFF REPORTER

Kathmandu, Mar 17: The stocks market of the country once again witnessed a fall during the past week despite a substantial increase in transaction volume, following a narrow rise during the previous week.

The volume of transaction increased by about Rs. 56 million during the week covering March 12 to March 16. The index however slipped by over seven points.

Nepal Stock Exchange Ltd. (NEPSE) that saw a five points rise during the previous week recorded a significant decline during the reported week. The indices either slipped or remained constant sector-wise too except in financial sector that recorded a small rise.

The NEPSE index, according to Nepal Stock Exchange Ltd., slipped by 7.41 points on the last day in comparison to the index of the first day. The NEPSE that figured 397.61 on the first day of the week fell to 390.20 on the last day (Friday).

The NEPSE index of the commercial banks slipped to 435.72 by the end of the week from 445.32 in the beginning. Similarly, the index of the hotel sector fell to 307.14 from 326.34 while the indices of trading and finance sectors record minor falls. The index of the manufacturing sector remained constant at 372.09. The index of the insurance sector witnessed a nominal rise from 346.11 to 346.21.

Nepal Bangladesh Bank topped the list of companies in terms of transactions with 321 buy and sell while Nepal Share Markets Company maintained a lead in terms of the units of shares traded and transaction volume. Altogether 39,760 units of shares of this company were traded for Rs. 35.1million.

During the reported week ending March 16, altogether 169,220 units of shares belonging to 32 enlisted companies (out of 52) were traded for Rs. 90.6 million, according to the report received from Nepal Stock Exchange Ltd.

During the week preceding it, 49,385 units of shares worth Rs.40.8 million were traded on the NEPSE floor. The number of share transactions increased this week from 920 to 1,151.

So far as the group-wise trading of shares was concerned, the commercial banks group had a lead in the market with 60.33 per cent (down from 90 per cent previous week) of the total market transaction value. The finance companies sector followed with 38.03 per cent of the market share. The transaction values of other sectors constituted less than one per cent. There was no transaction in manufacturing sector.

Other Story

• NBL employees discuss trade union strategy