Business»
NEPSE loses points, again
KATHMANDU, AUG 07 -
Nepal Stock Exchange (NEPSE) lost 4.07 points last week amid the political uncertainty despite encouraging measures taken by the Nepal Rastra Bank in the monetary policy for the current fiscal year.
The benchmark index declined to 458.41 points on Thursday from the 462.48 points on Sunday.
The secondary market witnessed a fall in the number of shares traded while the number of companies in share trading went up.
Last week, the stock market witnessed trading of 411,747 shares of 98 companies against 434,312 shares of 88 companies the previous week.
However, the number of transactions and the total market turnover went up over the last week in contrast to that of the previous week.
The stock market registered a total turnover of Rs. 148.10 million from 5,231 transactions compared to Rs. 138.44 million from 4,072 transactions the previous week.
The number of groups losing as well as gaining points remained equal last week. However, a double digit decline in two sub-indices pulled down the share market.
The hydropower group suffered the most over the week, shedding 36.37 points. Likewise, the sub-indices of groups comprising development banks, commercial banks and finance companies went down by 12.77 points, 4.69 points and 2.57 points respectively.
On the other hand, the group of hotels led the winner’s list by posting a gain of 6.16 points.
Likewise, the indices of insurance companies, others and trading groups followed the hotels group, going up by 4.39 points, 3.52 points and 0.43 point respectively.
Last week, shares of Standard Chartered Bank topped the list in terms of total turnover with Rs. 21.06 million.
Similarly, the trading of 63,423 shares of Paschimanchal Bikas Bank pushed it to pole position in terms of number of shares traded.
Meanwhile, Prime Life Insurance Company topped the chart in terms of number of transactions with 1,200.
weekly review
Top Five in turnover
Company Turnover (in Rs. million)
Standard Chartered Bank 21.06
Pashchimanchal Bikas Bank 11.48
Bank of Kathmandu 8.94
Clean Energy Development Bank 7.92
Nabil Bank 7.77
Sectors that went up (in points)
Hotels 6.16
Insurance Companies 4.39
Others 3.52
Trading 0.43
Sectors that went down (in points)
Hydropower companies 36.37
Development Banks 12.77
Commercial Banks 4.69
Finance Companies 2.57
Posted on: 2010-08-08 07:38
Headlines
Advertisements
