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NEPSE plunges below 600-mark |
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Sunday, 01 November 2009 10:02 |
NEPSE (Nepal Stock Exchange), last week, witnessed a decline of 22.94 points to rest at 578.19 points from Sunday morning's opening of 601.13 points.
As investors became anxious due to book closures, fresh supply of stocks and financial institutions merging call, the NEPSE benchmark went below the 600 mark. Nevertheless, NEPSE weekly turnover increased to Rs. 276.3 million last week.
492,300 shares of 95 companies were traded last week through 4,544 transactions. Of the total shares traded, 'A' class companies contributed Rs. 178.5 million of the total transaction.
Only the trading group registered growth of 4.80 points whereas all the remaining groups saw their indices going down. The commercial banks lost 33.65 points to close at 552.19 points. The hotel sector lost 1.14 points to settle at 368.61 points and the hydropower lost 4.12 points.
Similarly, the insurance companies lost 2.61 points, finance companies' index shed 10.72 points and the development banks lost 2.55 points.
Bank of Kathmandu topped the chart in terms of transaction last week with Rs 31.19 million followed by Kist Bank with Rs 27.59 million, Nepal SBI Bank with Rs 26.20 million, Standard Chartered Bank Nepal with Rs 20.57 million and Nabil Bank with Rs 14.70 million.
In terms of number of share units traded last week, Kist Bank dominated the secondary market with its 76,000-unit of shares changing hands. Pashupati Development Bank topped the chart in terms of transaction number with 566 trading in its kitty.
Last week, the Sunrise Bank Limited and Prime Commercial Bank got their 12,500,000 and 10,000,000 ordinary shares listed in the NEPSE, respectively. Vibor Development Bank listed 6,800,000 ordinary shares. nepalnews.com
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