Nepse downward roll continues

KATHMANDU: The Nepali capital market plunged again this week — April 4 to 8 — by 6.43 points to stand at 446.03 at the end

of the week from 452.46 points when the market had opened on Sunday.

Nepse trading floor saw a total of 3,818 transactions of 96 companies worth Rs 166.69 million, through the transaction of 338 thousand unit shares, which was 8.63 per cent more than the previous week in which only 314 thousand unit shares worth Rs 110.74 million were traded. The class ‘A’ companies covered 55.82 per cent of total transaction amounting to Rs 65.1 million. Three sectors including commercial banks, hydropower and finance companies lost 4.2 points, 2.84 points, and 6.25 points, respectively. Hotels, trade, insurance and development banks gained 5.21 points, 4.97 points, 4.57 points and 8.27 points, respectively while no transaction was made in manufacturing sectors.

Chilime Hydropower Company topped the chart in terms of transaction amount as its shares were traded at Rs 11.4 million. In terms of number of share units traded, National Hydropower Company topped the chart, with 50,000-unit of shares transacted. Vibor Bikas Bank was the frontrunner in terms of number of transactions.

This week’s top five performing companies are Chilime Hydropower Company (Rs 10.14 million), Annapurna Finance (Rs 8.38 million), Bank of Kathmandu (Rs 8.12 million), Standard Chartered Bank (Rs 8 million) and Vibor Bikas Bank (7.28 million). This week, Alliance Insurance Company’s 5, 99,517 unit right shares were listed in the market.