Nepse dip by 3.88 points, transactions fall
KATHMANDU,JAN 29:
The market underwent through another week of gloom as the major companies failed to bring shine in the market pushing the Nepse index down by 3.88 points, this week -January 21 to 28.
The week’s top gainers did not hold much weightage in overall stock transaction failing to pull the index up. Lumbini General Insurance, Reliable Finance Ltd and Tinau Development Bank Ltd were the top gainers of the week.
On the other hand, the share prices of major companies with higher weightage such as Nabil Bank, Nepal SBI Bank, Standard Chartered Bank, Agriculture Development Bank Ltd and Nepal Telecom recorded loss contributing in Nepse’s downward slide.
On sunday morning the stock market opened at 320.56 points that reclined to 320.22 points by the end of the day. The index slid down continuously next three days and reached at 316.68 points.
Nepse saw trading of 392,712 unit shares of 116 companies on 5518 transactions worth Rs 91.8 million in four trading days, this week. This is 46.42 per cent increment in trading volume as compared to that of last week’s Rs 63.9 million.
The sensitive index that measures the Class-A companies’ performance went down by 1 points reaching 78.32 points at the end of the week. The float index that measures the performance of actual shares traded also increased by 0.37 points to 25.05 points.
Except for hotels and hydropower companies all the subgroups ended up losing in the week’s trading. Hotels gained 4.07 points while hydropower went up by
The biggest loser of the week was banking that went down by 6.13 points as major commercial banks lost their share prices. Second in line was insurance that lost 3.11 points. Others, development banks and finance companies lost 2.35 points, 1.1 points and 1.17 points, respectively.
Source: THT
