Weakening Nepse worries investors
KATHMANDU: The Nepali capital market — Nepal Stock Exchange (Nepse) Ltd — instead
of getting bullish dropped further by 7.88 points to rest at 485.14 points this week — from February 15 to 18. Class ‘A’ companies dominated the Nepse trading floor with nearly two-thirds of the total transaction — 63.03 per cent.Investors are urging the government to take urgent action to revive
the capital market or face protests. Nepse has been continuously falling since last September.
There were 3,304 transactions of 100 companies worth Rs 118.09 million and Rs74.4 million was of class ‘A’ companies. Transaction amount was 32.93 per cent less than last week’s Rs 176.07 million.
Most sectors lost this week except development banks, hotels and manufacturing sector. Development banks gained 4.18 points whereas there was no transaction in hotel and manufacturing sectors. The loser groups are — other group which
includes Nepal Telecom also (22.32 points), hydropower (13.92 points), finance companies (10.86 points), commercial banks (5.22 points) and trading (4.72 points).
Standard Chartered Bank Nepal Ltd topped
in amount of transaction with Rs 34.88 million while National Hydropower Company Ltdand Vibhor Development Bank topped in units of shares (44,000 units) and number of transactions (411), respectively.
Nabil Bank, Vibhor Bank, NIC Bank and Bank of Kathmandu took second to fifth palce on the ladder in the list of the largest traded companies with Rs 9.55 million, Rs 8.55million, Rs 5.34 million and Rs 4.63 million.