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Economy, Finance and Market
NOV 24 - Domestic money market
The average Weighted Discount Rate (AWDR) of 91-day Treasury Bills (TBs) rose by 04 basis points 3.67 percent while, the 364 day Treasury Bills (TBs) lost by 01 basis points to 5.03 percent compared to previous week. The rupee was traded higher at NPR 99.11 and lowers at 99.04 for 91-day and traded higher at NPR 95.33 and lowers at 95.06 for 364-day. The NRB had received 07 bids worth NPR 460 million against the notified amount NPR 1260 million for 91-days and 13 bids worth NPR 450 million against the notified amount NPR 750 million for 364-days. The Repo rates for member banks and institutions have been quoted at 5.1786 for the trading days18 to 24 November 2003 for 91– day TBs. The outright purchase facility for bank, institutions and other on TBs is also available. In the regular weekly auction, the NRB is going to issue 91-day TBs worth NPR 890 million, 315-day TBs worth NPR 400 million on November 25, 2003.Domestic capital market
The NEPSE Index-100 lost by 0.21 points over the week. The Index opened higher at 206. 33 rose in two working days but lost in third day by 206.40 and closed lower at 206.00 for the week. This week trading was estimated at 39076 shares valued NPR 9.58 million compared to 60185 shares valued NPR 12.5 million of pervious week. Commercial banks and Finance companies shared 62.15 percent and 23.36 percent respectively of total traded amount. The week, index of Production Sector improved, while Insurance Sector, Finance Sector commercial bank, Hotel Sector and Development Bank lost. Other Sector and Business Sector remains uncharged. Out of forty-two– traded companies, fifteen companies improved, sixteen companies lost and eleven traded companies remained unchanged at their previous prices. Union Finance, Mahhapuchre Bank and Solatee Hotel registered the first; the second and the third most traded companies trading 5900, 3700 and 2310 shares respectively. Shares of Nabil Bank, Standard Chartered, Nepal Bangladesh Bank, Bank of Kathmandu, Everest Bank, NIC Bank, Machhapuchre Bank, Life Insurance, Nepal Life Insurance, Union Finance and International Leasing Bank & Finance were able to trade in all five working days. Likewise, Himalayan Bank, Nepal SBI Bank, Everest Insurance, Gorkha Finance, United Finance Shree Investment Finance, NIDC Capital Market and Nepal Development Bank were able to trade in four working days.Posted on: 2003-11-23 10:30
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