HAN team on marketing tour

RSS

KATHMANDU, Aug. 24: An eight member delegation of Hotel Association Nepal led by its president Narendra Bajracharya left Friday for a week long sales mission to Thailand, Singapore and Malaysia.
During their visit the delegation will interact with travel agents, tour operators, media people, the tourism authorities of Thailand, Singapore and Malaysia and travel related Associations to promote Nepal in these countries.

Thailand, Singapore and Malaysia are the gateway for European and American travelers to South East Asia and most travellers decide their future voyage after coming to these countries, it is pointed out.
The delegation consists of second vice president Ajaya R.Sthapit, executive members Suresh Lal Shrestha, Binod S.Shrestha, Rajan Sakya and Amar Man Shakya, executive director Madhav Om Shrestha and administration manager Ms.Samjhana Basnyat.

Stock market becoming stable

By A Staff Reporter

Kathamndu, Aug 24: After months of continuous decline in the index of the Nepal Stock Exchange (NEPSE) the stock market has now started giving a positive signal for the three weeks. The volume of transaction of shares along with NEPSE index has been gradually increasing. However, a sudden rise in the transaction of share in the secondary market last week (August 19-23) indicates positive response of investors in the share market.

In comparison to the other sectors, investment in the share market is still safer, said Shyam Udash , a share market analyst. Given the present situation, more people are attracted towards the secondary market, said Udash. Given the present economic situation the stock market has become more stable in comparison to the previous month.

According to the NEPSE, the index increased by 3.51 points, whereas the previous week had experienced a growth of 2.82 points in the index. The index was 226.37when it was opened on Monday and increased to 229.88 when it was closed on Friday.

The NEPSE index increased to 226.59 from 223.77 in the previous week. A total of 62883 shares amounting to Rs 1,30,66,711/- were traded through 2038 transactions, whereas 44381 shares amounting to Rs 106,33,864/- were traded through 1081 transactions in the previous week.
In sector-wise transaction, the index of commercial banks had gone up to 225.38 from 222.05.
The index of manufacturing remained to 270.59. Similarly the index of hotel sector and trading sector remained to 209.7 and 96.95 respectively.

The index of insurance sector increased to 297.68 and 296.35. The index of finance sector declined to 259.60 from 261.07 and other sector witnessed a slight increase.

The index of development bank remained to 273.08. The NEPSE recorded 26 transactions in the purchase side and 14 in the sales side.

After commercial banks, the finance sector made a significant progress last week. Out of total transactions, the banking sector recorded 42.78 per cent, manufacturing sector recorded 0.32 per cent, hotel sector recorded 0.62 per cent, and trading sector did not record any transactions.
Similarly the insurance sector recorded 8.31 per cent. Finance sector recorded 36.91 per cent and development bank recorded 11.05 per cent while other sector occupied 0.01 per cent.
In terms of number of transaction, number of share and amount of transaction, Union Finance Company Ltd. was ahead of other companies in the NEPSE trading floor. The Union Finance recorded 1193 transactions through which a total of 23650 shares amounting to Rs 28,37,620/- were traded from August 19-23.

Among the companies that recorded transaction in the NEPSE trading floor from Monday to Friday were Nepal Arab Bank Ltd (Rs 725-740), Standard Chartered Ban (Rs 1700-1715), Everest Bank (Rs 414-426), Bank of Kathmandu (Rs 278-282), NIC Ban Bank (Rs 245-240), Nepal Finance and Saving (Rs 275-282), Lumbini Finance and Leasing (Rs 175), Nepal Merchant Banking and Finance (Rs 222), and Union Finance (Rs111-123).

Among the companies that remained open for four days were Nepal Bank Ltd (Rs 300), Nepal Bangladesh Bank (Rs 725-740), Himalayan Bank (Rs 935-950), Everest Insurance (Rs 615), Nepal Housing Development Company (Rs 170-168), Siddartha Finance (Rs 153) and Sagarmatha Insurance (Rs 163-165).

People's Finance, (10/1300), Narayani Finance Ltd (60/15000), Mahalaxmi Finance Ltd (50/21050) and NECON Air Ltd (Rs 16/848) recorded transaction for only one day. Out to 57 companies registered, the transaction of 42 took place in the NEPSE