Kathmandu, January 26:

Nepse, this week also, continued to cool down and plunged by 27.29 points from last week’s closing of 905.36 points to 878.07 points, on Thursday, the last day of trading.

Development banks, Commercial banks, Manufacturing and Hotels groups, however, recovered to 1590.66 points (a surge by 26.19 points), 880.77 points (a rise by 25.65 points), 360.96 points (a surge by 3.68 points) and 416.26 points (a surge by 2.70 points) respectively from Sunday.

After a whopping fall on Sunday by 25.69 points, it flared on Tuesday to 890.25 points to fall on Wednesday to 877.51 points, again. But on Thursday, it gained 0.56 point to close at 878.07 points.

Among the sectoral indices, Finance, Hydropower and Insurance group ended in negative territory recording a loss of 201.56 points, 75.98 points and 3.13 points, respectively from the starting day.

In terms of monetary value, National Hydropower, Machhapuchhre Bank, Bank of Kathmandu, Nepal SBI Bank and Nepal Bangladesh Bank are the gainers for this week.

National Hydropower topped the chart in terms of monetary value with Rs 4,71,00,000 and in terms of number of shares traded also it topped the chart with 1,25,400 units of shares this week. However, in terms of number of transaction, ICFC Finance Institute topped the chart with 377 transactions.

Altogether, 65 listed companies’ shares were traded at the Nepse floor, where the government bonds and debenture were not traded this week also.

According to the Nepal Rastra Banks’ first five months data for this fiscal year, the year on year (y-o-y) Nepse index increased by 101.7 per cent to 1025.91 points in mid-December 2007. The index was 508.58 a year ago.

The y-o-y market capitalisation has also increased by 151 per cent to Rs 322.62 billion in mid-December 2007. Market capitalisation to GDP ratio has increased to 40.6 per cent from 17.9 per cent a year ago. “Of the total market capitalisation, bank and financial institutions held the largest share,” states the NRB report Total paid up capital of the listed firms stood at Rs 23.85 billion in mid-December 2007, a rise of 16.3 per cent over the period of one year. This increase was due to the additional listing of securities.

Total number of companies listed at the Nepse reached 142 in mid-December 2007 compared to 141 a year ago, which is not an encouraging sign for the growth of capital market. Of the listed companies, 107 were bank and financial institutions, 21 production and processing industries, four hotels, five business entities, three hydro-power and two companies in other groups. Monthly turnover to market capitalisation ratio stood at 0.85 per cent in mid-December 2007, compared to 0.73 per cent a year ago. The twelve-month rolling standard deviation sto-od at 185.4 in mid-December 2007 compared to 56.2 a year ago.