Weekly share update : Nepse sees one-day trading
Weekly share update : Nepse sees one-day trading
Published: 12:00 am Apr 12, 2008
Kathmandu, April 12:
Nepali capital market has shown the sign of slowdown in the last couple of weeks. Once 1064-point-Nepse has but not fallen below 700 points though it has reached as low as 702 points.
This week Nepse witnessed only one session of trading on Sunday due to Constituent Assembly elections holiday from Monday throughout the week.
However, Nepse has in one-day trading this week recorded a growth of 16.55 points to 746.69 on Sunday — the first and the last day of trading for this week — from the last week’s closing of 730.14 points.
The financial institutions dominated Nepse’s rise and fall largely depends on the Commercial banks, Development banks and Insurance groups. Hydropower group has also been an active performer recently.
Though, Manufacturing , Hydropower and Insurance groups also trade, lack of transparency and weakness in the part of regulators have made them more vulnerable.
“They need to be transparent like the financial institutions and publish their balance regularly, if possible quarterly, otherwise half yearly,” Mahesh Pandit, an investor, says, adding that without knowing the financial health of the company, investing on the shares of these companies is like gambling.
“Securities Board of Nepal (Sebon) and Insurance Board (IB) — the regulatory authorities of capital market and Insurance companies — must force them to publisise their balance sheets at least half-yearly for the public knowledge,” he adds.