KATHMANDU: Nepal Stock Exchange (Nepse), the barometer of the Nepali capital market, lost 4.45 points this week — between Jan 8 to 14 — aping the bearish trends of previous weeks. The Nepse index opened at 535.41 points on Sunday and closed at 530.96 points on Thursday. The capital market is experiencing continuous fall since the last four weeks.

Except hydropower, most sectors lost their money in the capital market. Hydropower gained 6.77 points while commercial banks, development banks, finance companies, trade and insurance firms lost 5.07, 0.08, 13.43, 4.97 and 2.20 points, respectively. Nepse trading floor saw transaction worth Rs 156.54 million from 4,046 tradings of 3,13,800 units of shares of 91 companies. The transaction amount was 11.23 per cent less than the previous week’s Rs 176.38 million. Class ‘A’ companies covered 39.42 per cent of the total transaction, with Rs 61.7 million. Standard Chartered Bank and Sunrise Bank topped in transaction amount with Rs 15.51 million each followed by Vibhor Development Bank (Rs 14.16 million), Bank of Asia Nepal (Rs 13.04 million) and Nepal Telecom (Rs 10.68 million).

Rights and bonus shares of four companies were listed at Nepse this week — rights shares of Business Development Bank (5.55 million units) and Lord Buddha Financial Institution (3,75,000 units) and bonus shares of Everest Bank Ltd (1.91 million units) and Bank of Kathmandu (3.37 million units).

Nepse to go for CDS

KATHMANDU: Nepal Stock Exchange (Nepse) and Central Depository and Services (India) Ltd (CDSL) have signed an agreement to establish Central Depository System(CDS) and Scripless Securities Settlement System (SSSS) in Nepal. Nepse general manager Shankar Man Singh and CDSL executive director P S Reddy inked the deal in the presence of Indian Foreign Minister SM Krishna and his Nepali counterpart Sujata Koirala on Friday. Under the agreement, CDSL will facilitate Nepse in formulating laws and regulations, human resource and software development and formulation of guarantee and settlement funds. CDSL will help Nepse get International Security Identification Number (ISIN). CDS is a computer-based data recording system that records holdings securities at a given point in time reducing paper works.