Weekly share update : Nepse bounces back, but marginally
Weekly share update : Nepse bounces back, but marginally
Published: 12:00 am May 03, 2008
Kathmandu, May 3:
The capital market bounced back, however marginally, this week as it posted 1.60 points growth to 736.46 points on the last day of trading from last week’s closing of 734.87 points.
The market opened on negative note this week on Sunday with the Nepse losing 5.85 points to 729.01 points from the last week’s closing of 734.87 points.
However, on the second day, it gained 1.27 points to 730.28 points from Sunday’s closing. On Tuesday, it shed 1.56 points to 728.72 points. On Wednesday, it bounced back by 7.76 points to 736.46 points from Tuesday’s closing.
Except Commercial banks group, all other key market players like finance company, development bank, hydropower and insurance group ended in the negative territory.
Altogether, 88 listed
companies’ shares were traded at the Nepse that saw only four-day trading this week. The government bonds and debenture were not traded this week too.
In terms of monetary value, Kist Merchant Banking and Finance (with Rs 125.51 million) topped the chart due to trading of its promoters’ shares almost the whole week. Similarly, Nepal Bangladesh bank (with 58.82 million), Bank of Kathmandu (with Rs 23.05 million), Chilime Hydropower (with Rs 9.80 million) and IFC Finance Company (with Rs 9.03 million) are the gainers for this week.
Kist Merchant banking and Finance also topped the chart in terms of numbers of share units traded with 1,42,000 units shares being traded this week.
IFC Finance Company topped the chart in terms of transaction with 527 transactions in the four-day trading this week.
Insurance, hydropower and hotels groups ended in negative territory. Insurance group lost 7.40 points to 733.54 points from Sunday’s 740.94. On Sunday also, it had lost 3.26 points from last week’s closing.
Similarly, hydropower group plunged by 8.17 points to 1035.03 points from Sunday’s 1043.20 points. However, on Sunday, it had gained 1.79 points from last week’s closing.
The hotel group also lost 4.51 points to 402.87 points. On Sunday also, it had lost 1.15 points from last week’s closing.
This week, Infrastructure Development bank listed its 8,00,000-unit shares, while Nepal Development Bank also listed its 7,38,010-unit rights shares.
Similarly, Fewa Finance, Lalitpur Finance, and Royal Merchant Banking and Finance also listed their 2,00,000-unit, 2,53,125-unit and 54,121-unit bonus shares at the Nepse this week.