KATHMANDU, JAN 11 - Dragged down mainly by the lingering political turmoil and continuing student protests, particularly in the capital city, the country’s sole secondary market faced another slip of 0.67 points during the week.The stock market that opened at 201.51 points on Monday, the opening day of the week, went down to land at 200.84 points on Friday, the closing day of the week, according to information released by the Nepal Stock Exchange (Nepse).
The share market had witnessed a similar marginal decline of 0.71 points during last week. Of the eight key-groups categorised in the Nepse as per their nature of business, the indices of three enlisted groups went down while other four groups saw increment, and index of remaining two group remained unchanged during the period.
The index of the commercial bank group, the largest trading group at the Nepse floor, recorded a marginal decline to 195.84 points from 196.77 points. Similarly, the hotel and the development banks are other groups to record nominal declines during the week.
However, the indices of the insurance group and the manufacturing group slightly increased to 230.16 points and 265.72 points from 228.90 points and 265.71 points respectively. Likewise, the index of finance group also recorded a marginal rise to 192.82 points from 192.71 points. The indices of the other group and the trading group remained unchanged at 139.79 points and 94.40 points respectively throughout the week.
The commercial bank group continued to lead the Nepse floor, as it captured 72.33 per cent of the total trading followed by the finance group with 17.46 per cent and the development bank group with 5.39 per cent.
The manufacturing group, insurance group, the hotel and the other group, however, captured 0.80 per cent, 3.50 per cent and 0.52 per cent of the market share respectively at the Nepse floor.
Gorkha Finance topped the market in terms share units transacted in the Nepse floor while in terms of number of transaction, the NIC bank captured the number one position. Likewise, Nabil Bank topped the weekly list in terms of value of transaction.
A total of share 44,535 units were traded through 788 share transactions at Rs 6.8 million during the week, against the last week’s trading of 27,889 share units through 788 share transactions at Rs 6.8 million.Posted on: 2004-01-12 02:50

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