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NEPSE’s slender gain
KATHMANDU, JUL 24 -
Nepal Stock Exchange (NEPSE) finally witnessed a meager gain of 0.81 points as the market saw ups and downs over the week. The benchmark index of the stock market settled at 469.34 points on Thursday, the last trading day of the week from 668.53 points on Sunday.
Stock specialists attributed the mismatch between demand and supply of shares and the ongoing political uncertainty to the NEPSE struggling to show a rosy trend.
Despite a surge in the number of companies and transactions held on the trading floor last week, the stock market witnessed a decline in turnover and the number of shares traded.
Last week, the capital market registered 3,805 transactions of 101 companies on the trading floor against the 3,137 transactions of 96 companies in the previous week.
On the other hand, 280,274 shares worth Rs. 129.47 million were traded last week in comparison to 395,820 shares worth Rs. 135.69 million in the previous week.
The rise in the sub-indices of six sectors listed in NEPSE pushed up the benchmark index to a small gain. The winners’ list in the stock market was led by the
others’ sector, posting a gain of 11.75 points.
The sub-indices of groups including insurance companies, finance companies, commercial banks, development banks and hotels followed the others’ group with gains of 4.90 points, 1.55 points, 1.36 points, 1.22 points and 0.38 points respectively.
Likewise, groups consisting of hydropower companies and trading companies shed a whopping 76.13 points and 5.14 points respectively. However, the group of manufacturing and processing companies did not see a change in it’s index.
Last week, Standard Chartered Bank accumulated Rs. 30.05 million to top the list in terms of turnover. Similarly, KIST Bank was in the pole position in terms of highest number of shares traded with 31,600. Asian Life Insurance Company saw 505 transactions, the highest.
The stock market further witnessed the listing of 200,000 ordinary shares of Nerude Micro-finance Bank.
weekly review
Top Five in turnover
Company Turnover (in Rs. million)
Standard Chartered Bank 30.59
Nabil Bank 11.72
Bank of Kathmandu 11.47
Everest Bank 6.99
KIST Bank 6.30
Sectors that went up (in points)
Others 11.75
Insurance Companies 4.90
Finance Companies 1.55
Commercial Banks 1.36
Development Banks 1.22
Hotels 0.38
Sectors that went down (in points)
Hydropower Companies 76.13
Trading Companies 5.14
Posted on: 2010-07-25 08:39
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