MONEY»
NEPSE’s flash in the pan
KATHMANDU, AUG 28 -
The dismal run of the Nepal Stock Exchange (NEPSE) continued last week also. However, breaking the last four weeks’ trend, NEPSE gained 1.59 points.
The benchmark index settled at 432.74 points on Thursday, the last trading day of the week. However, the secondary market lost 10.9 points in the opening day of the market and it maintained small gains the following two trading days.
A majority of companies in the four groups saw positive growth in their respective sub-indices while those in the three groups witnessed a decline. Two groups however witnessed no change in their respective sub-indices.
The groups comprising trading and hydropower companies led the chart with an equal gain of 4.71 points. Similarly, the indices of the group categorised as others and commercial banks followed the leaders, posting gains of 4.70 points and 2.40 points respectively.
Meanwhile, the sub-indices of insurance companies, development banks and finance companies declined by 6.81 points, 5.49 points and 1.17 points respectively.
Due to the two days’ public holiday falling in the week, the turnover dropped by 46.09 percent, compared to that of the previous week. The stock market witnessed a total turnover of just Rs. 86.55 million from the trading of 210,533 shares against the realisation of Rs. 160.56 million from the trading of 967,181 shares the previous week.
Last week, the number of transactions was constrained to 2,539 with 91 companies involved in it, 102 companies held 4,553 transactions the previous week.
The shares of Standard Chartered Bank climbed to the pole position with a turnover of Rs. 15.71 million during the week.
Similarly, 9,000 units of Nepal Doorsanchar Company changed hands to register the highest number of shares traded by a single company. Prime Life Insurance topped the list in terms of highest number of transactions with 403.
Last week, 10 million units of ordinary shares of Manakamana Development Bank were listed in the stock market.
NEPSE LAST WEEK
Number of Companies 91
Number of Transactions 2539
Total turnover Rs 86.55 m
Number of shares traded 210,533 units
SECTORS THAT WENT UP
Sector Points Gained
Trading Companies 4.71
Hydropower Companies 4.71
Others 4.70
Commercial Banks 2.40
SECTORS THAT WENT DOWN
Sector Points Lost
Insurance Companies 6.81
Development Banks 5.49
Finance Companies 1.17
TOP FIVE COMPANIES IN TERMS OF TURNOVER
Company Turnover (in Rs. millions)
Standard Chartered Bank 15.71
Nabil Bank 7.57
Bank of Kathmandu 6.72
Nepal Doorsanchar Company 4.39
Prime Commercial Bank 3.12
IPOs in pipeline ( Amount in Rs million)
Name of the Companies Sector Amount Issue manager
Investa Finance Co. Ltd Finance 16.00 NMB
Mukti Nath Bikas Bank Dev Bank 14.00 Ace
City Homes Limited Other 45.00 NCML
Rajdhani Investment Fund Other 123.20 NCML
NIDC Dev Bank 184.17 NCML
Kamana Bikas Bank Dev Bank 70.00 NCML
Purnima Bikas Bank Dev Bank 30.00 Ace
Country Dev Bank Dev Bank 96.00 NCML
Guras Life Insurance Insurance 108.00 NMB
Mulipurpose Finance Finance 10.00 Nefinsco
Mercantile Finance Finance 18.00 NCML
Upcoming AGMS
Name of Institutions Proposal Date Venue
Oriental Hotels Discussion on Annual Report Sept. 6 Nepal Administrative Staff College
Rastriya Banijya Bank Discussion on Annual Report Sept. 16 Bank Central Office, Singhadurbar Plaza
Special Annual General Meeting
Nepal Sahakari Sanstha Limited Reshuffle of the Executive Committee Sept. 11 Bagbazar Party Palace, Aradhan Complex
Upcoming rigths shares ( Amount in Rs million)
Name of the Company Ratio Share Qty Amount Issue Manager
Siddhartha Finance 2:1 522600 52.26 NMB
Kumari Bank 20:3 1780000 178.00 NCML
IME Financial Institution 1:3 8996760 899.67 Elite Capital
Standard Finance 1:1 10018800 100.18 Growmore&CIT
Goodwill Finance 1:1.2 3536518.8 353.65 Growmore
Sanima Bikas Bank 1:1.5 12096000 1209.60 CIT
General Finance 1:1 484836 48.48 NCML
Kathmandu Finance 3:1 303600 30.36 Nefinsco
Prime Commercial Bank 1:1 11000000 1100.00 Civil Capital
Butwal Power Company 10:6.7 6183855.25 618.38 NMB
Gurkha Development Bank 2:1 3321814 332.18 Civil Capital
Api Finance 1:1 600000 60.00 ACE
Kaski Finance 1:0.4 600000 60.00 ACE
Butwal Finance 1:1 1172643 117.26 NMB
Nirdhan Utthan Bank 2:1 55000 5.50 Growmore
NB Insurance Company 2:1 500000 50.00 Civil Capital
Prabhu Finance Company 2:1 1200000 120.00 Nabil Inv.
Capital Merchant Banking 1:1.6 10849305 1084.93 ACE
World Merchant Banking 1:1.3 2385197 238.51 Growmore
Swabalamban Laghubitta Bank 1:0.7 488841 48.88 Nabil Inv.
Mahakali Bikas Bank 1:1 200000 20.00 ACE
Reliable Finance 1:1 990000 99.00 Elite Capital
Everest Finance 1:1.5 600000 60.00 ACE
Deprosc Development Bank 1:1.5 424566 42.45 ACE
Miteri Development Bank 1:1 451440 45.14 Growmore
Lord Buddha Finance 3:1 375000 37.50 CIT
Source: Securities Board of Nepal
Posted on: 2010-08-29 08:53
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