The Himalayan Times : Nepse index continues downward slide - Detail News : Nepal News Portal

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Nepse index continues downward slide

  

HIMALAYAN NEWS SERVICE

KATHMANDU: Share prices of most of the listed companies witnessed a loss this week, including key players like banks and financial institutions, and hydropower companies, to pull the benchmark index down by 3.43 points to 510.88 points from Sunday morning’s opening of 514.31 points.

The performance of the share market slows down every year after the annual general meetings of the listed companies as they immediately distribute dividends, one of the key reasons for people investing in the stock market.

Of the nine subgroups in the market, all the subgroups, except others and trading lost last week. The banks subgroup closed at 591.48 points, development banks at 245.94 points, finance companies at 250.15 points, hydropower companies at 983.9 points, insurance companies at 815.24 points, hotels at 677.8 points, trading at 176.24, and others subgroup at 763.65 points.

This week, shares of 104 companies were traded at the stock exchange. The market that witnessed only four trading days in the week due to a public holiday on Tuesday saw transactions worth Rs 321 million as some 1,091,842 unit shares changed hands. The transaction amount also decreased by 7.62 per cent compared to a week ago.

Though shares of class ‘A’ companies comprised 60.15 per cent of the total transactions in the week, the sensitive index — a measuring rod for class ‘A’ companies — dropped by 1.07 points to close the week at 129.49 points.

This week, Chilime Hydropower Company was the forerunner in terms of trading volume with trading worth Rs 28.94 million.

In terms of number of shares traded, Citizens Bank International was the forerunner with trading of 105,250 unit shares.

Global IME Bank topped in terms of number of transactions with 207 transactions in the week.

The top five companies

in terms of turnover this week were Chilime Hydropower Company (Rs 28.94 million), Everest Bank (Rs 27.57 million), Nepal SBI Bank (Rs 19.14 million), Nabil Bank (Rs 19.08 million) and Nepal Investment Bank (Rs 18.14 million).

Likewise, Reliance Finance listed 200,00,00 units of ordinary shares, Global IME Bank listed 400,000 units of bonds, and Kakrebihar Bikas Bank listed 300,000 units of shares at Nepal Stock Exchange.

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