Nepse hits near rock-bottom again

KATHMANDU: The capital market dipped again this week — March 5 to

11 — after a week of bullish trend. Nepal Stock Exchange Ltd’s index had gained 16.18 points between March 1 to 4 and stood at the 514.04-mark which dropped this week to stand at 486.25 points.

Nepse opened at 504.52 points on Sunday and closed at 486.25 points on Thursday losing 18.27 points in a single week. Nepse had reached its lowest level of 485.14 points on February 18 sparking anger among investors and trade was stopped for a week due to their protest.

The Nepse trading floor

saw 4,426 transactions of 86 companies worth Rs 147.38 million this week — a drop of 30.03 per cent compared to previous week’s Rs 210.58 million. Class ‘A’ companies covered Rs 79.8 million in total transaction.

Four sectors — others which include Nepal Telecom, commercial banks, development banks and finance companies — lost 62.26 points, 12.69 points, 5.42 points and 4.21 points respectively. Hydropower (0.26 points), trade (4.54 points) and insurance (2.68 points) sector gained while no transaction was made in hotels and manufacturing sectors.

Bank of Kathmandu topped in transaction amount with

Rs 23.32 million while CMB

Finance Ltd and Vibhor

Development Bank topped in units of shares (31,000 units) and number of transactions (387), respectively.

Standard Chartered, CMB

Finance, Nabil Bank and Chilime Hydropower took

second to fifth place in that

order with transactions of

Rs 14.71 million, Rs 11.17 million, Rs 7.83 million and Rs 6.82 million, respectively.

Bonus shares 3,01,836 units of NIDC Capital Markets Ltd were listed at Nepse this week.