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Sunday, June 22, 2008

Gloomy Tuesday fails to pull Nepse down


This is the third consecutive week that Nepse has witnessed a fall on Tuesday, the third trading day, in its five-day session in a week.

However, the sole secondary market index is slowly inching towards 1000-point mark once again as Nepse, this week, posted a growth of 29.68 points to 960.33 points from last Thursday's closing of 930.65 points.

It has been continuously registering a growth since last couple of weeks as the closing of the year coming closer.

This week the companies listed under A-category contributed only 69.99 per cent unlike last week's its contribution of 76.06 per cent in the total transaction. The sensitive index — an index of the A-category companies — surged by 10.46 points to 253.94 points from last week's closing of 243.48 points.

Like last week, this week too, the secondary market ended in the green zone on four-day — except on Tuesday — among the five-day session in a week. On Sunday, the Nepse surged by 10.42 points to 941.07 points from last week's closing of 930.65 points.

Similarly, on Monday, it surged by 16.80 points to 957.87 points.

However, on Tuesday, like last couple of weeks, the Nepse plunged, though marginally, by 4.03 points to 953.84 points.

On Wednesday, it bounced back by 5.88 points to 959.82 points.

On Thursday, it flared by a nominal 0.51 point to close the weekly trading at 960.33 points.

In terms of monetary value, Nepal Investment Bank (with Rs 64.86 million), Bank of Kathmandu (with Rs 62.41 million), Nepal Bangladesh Bank (with Rs 54.24 million), Machhapuchhre Bank (with Rs 43.77 million) and Nepal Share Markets and Finance (with Rs 32.62 million) are this week's top five gainers.

In terms of numbers of share units traded, Machhapuchhre Bank topped the chart with 60,000-unit of its shares being traded this week, while Biratlaxmi Development Bank topped the chart in terms of number transaction with 300 transactions.

Except commercial banks and insurance groups, development bank, finance, hydropower and hotel groups ended in the negative territory this week.

Development bank, finance, hydropower and hotel groups lost 22.77 points to 11.84.27 points, 26.62 points to 1056.67 points, 5.58 points to 1251.20 points and 16.77 points to 377.30 points, respectively.

Similarly, commercial banks group registered 43.37 points growth to 994.70 points from last week's closing of 951.33 points and insurance group surged by 21.58 points to 866.46 points from last week's closing of 844.88 points.

Altogether 78 companies, out of total listed companies, saw their shares being traded at the sole secondary market of the country this week. But this week too, Nepse didnot see any transaction of government and institutional bonds.

Source: THT

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