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Nepse index shows signs of revival
KATHMANDU, DEC 28 - Stock trading at the country’s sole secondary market, Nepal Stock Exchange, increased this week by 0.14 point, eventually breaking the declining trend that it had been suffering since last three weeks. The trading had dropped by 0.40 point last week.
While the index at the stock market opened at 201.51 points on Monday, the opening day of the week, it climbed and closed at 201.65 points on Friday, the closing day of the week, according to the information released by Nepse.
During the week, three out of eight key enlisted groups witnessed a downfall, while remaining groups either remained constant or recorded increment in their indices.
The index of the commercial bank group, the largest trading group at the Nepse floor, went up during the week as it closed at 195.86 points, up from its opening of 195.63 points.
The indices of the insurance and the development bank group also went up this week as they closed at 237.58 points and 240.92 points from 236.32 points and 240.65 points respectively.
The hotel and the other group, however, witnessed a downfall with their indices landing at 188.33 points and 139.79 points from 188.91 points and 140.31 points respectively.
Likewise, the finance group also suffered a downfall as its index landed to 195.42 points from 195.73 points.
The indices of the manufacturing group and the trading group, meanwhile, remained constant throughout the week at 265.45 points and 94.29 points respectively.
The commercial bank group once again became the leader in the Nepse floor as it captured 77.77 per cent of the total trading followed by the finance group with 20.31 per cent and the insurance group with 1.58 per cent.
The development bank group, the hotel and the other group, however, were far behind capturing only 0.26 per cent, 0.07 per cent and 0.01 per cent of the market share at Nepse trading respectively.
Nepal Investment and Finance Company topped the trading list in terms of maximum number of transactions, 287. But it was Nepal Bangladesh Bank that traded maximum number of share units and also recorded trading at the highest monetary volume this week, with 13,585 share units at Rs 5.56 million under its belt.
A total of 102,903 share units were traded through 1,073 transactions at Rs 20.89 million during the week, against the last week’s trading of 89,724 share units through 1,759 transactions at Rs 16.56 million.Posted on: 2003-12-29 05:53
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