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Nepse index back to stability

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News item 3-2-2007

Following a loss of over six points last week, the share trading at the Nepal Stock Exchange (Nepse) stabilised this week and showed a mixed performance. However, the Nepse index dropped by 0.87 points due to a weak performance of the commercial banks group. Share trading at the country’s sole secondary market began at 519.92 points on Sunday. The index dropped to 512.70 points on the second day. However, it recovered to 513.34 points on the third day and closed at 519.05 points on Thursday. According to weekly trading report, the weekly turnover, however, has increased compared to last week’s figure and stood at Rs 149.8 million with 268,114 unit shares having been traded through 2,515 transactions during the week. A total of 227,295 unit shares worth over Rs 99.7 million were traded through 1,491 transactions. Among the eight listed groups, the commercial banks group — the largest scrip at the Nepse that plays a decisive role — continued to post loss, as its index dropped by 6.05 points. The group, which had a heavy loss last week, settled at 570.80 points on Thursday against opening 576.85 points on Sunday. Likewise, the other and insurance groups are also among the losers, as their indices dropped by 5.82 points and 8.20 points respectively. The other group’s index settled at 649.61 points from the opening 655.43 points on Sunday, while the insurance group’s index dropped to 532.20 points from the opening 540.40 points. On the other hand, the finance and development banks groups recovered this week with a growth of 12.40 points and 2.99 points respectively. 
The finance group came second with 14.95 per cent and development banks group had 9.82 per cent share in the total trading. The others group also had a 5.43 per cent share, while the insurance group cornered 1.36 per cent in the total trading. Sanima Development Bank Ltd (SDBL) topped all companies in terms of number of transaction with 644 transactions, while Kumari Bank Ltd (KBL) outshone others in terms of monetary value. A total of 26,515 shares of the bank exchanged hands at Rs 20,339,710 during the week. The floor opened for four days under a regular lot, where the shares of Nabil Bank Ltd, Nepal Investment Bank, Standard Chartered Bank, Nepal SBI Bank, Bank of Kathmandu, Kumar Bank Ltd, Lumbini Bank, Siddhartha Bank, NCC Bank, Laxmi Bank, amongst others were traded throughout the week.

 

More about the Nepal Stock Exchange

 

Other investment news and articles:

Transactions at the stock market increased by 142 percent (28-7-2007)

Nepal suffering from capital flight? (1-2-2007)

Nepal Stock Exchange suspends trading Nepal Credit and Commerce Bank shares (30-1-2007)
 

 

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