E-Kantipur

KATHMANDU, AUG 01 - The Nepal Stock Exchange (NEPSE) lost 2.32 points last week although the market witnessed an increase in the number of share transactions, total turnover and number of shares traded.

The benchmark index of the stock market came down to 461.63 points on Thursday, the last trading day of the week.

Share trading went on smoothly the entire week despite the agitation of aspiring stockbrokers who have been protesting since Wednesday demanding an early resumption of the new brokers’ selection process.

The secondary market witnessed a trading of 434,312 shares from 4,072 transactions in comparison to that of 280,274 shares from 3,805 transactions the previous week.

Last week, the turnover in the stock market surged by 6.93 percent to Rs. 138.44 million from Rs. 129.47 million the previous week. However, the number of companies present on the trading floor declined to 88 from the 101 companies the previous week.

The fall in the sub-indices of six listed sectors in the NEPSE led the benchmark index of the stock market to the red zone. The sub-index of the group consisting of insurance companies suffered the most by losing 32.11 points.

The group including hydropower companies, others, and finance companies also followed the group of insurance companies, dropping 8.47, 5.87 and 4.24 points respectively.

Moreover, sub-indices of the development banks’ sector and commercial banks also went down by 0.22 point and 0.15 point respectively.

The groups representing trading companies and hotels were the only gainers of the week. Their sub-indices registered a small gain of 5.14 and 4.35 points respectively.

However, the group of manufacturing and processing companies did not see a change in its index.

Shares of the Infrastructure Development Bank were in pole position in terms of turnover and number of shares traded, with a turnover of Rs. 17.87 million from the trading of 105,000 shares. On the other hand, Asian Life Insurance Company saw the highest number of transactions last week.

weekly review

Top Five in turnover

Company     Turnover (in  Rs. million)

Infrastructure Development Bank    Rs. 17.87

Bank of Kathmandu     Rs. 14.69

Standard Chartered Bank    Rs. 12

National Life Insurance     Rs. 9.76

Narayani National Finance Company    Rs. 5.11

Sectors that went up (in points)

Trading Companies    5.14

Hotels     4.35

Sectors that went down (in points)

Insurance Companies     32.11

Hydropower Companies     8.47

Others      5.87

Finance Companies     4.24

Development Banks     0.22

Commercial Banks      0.15

Posted on: 2010-08-01 08:32

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