Bearish trend tightening capital market

Nepal Stock Exchange (NEPSE) this week lost 18.27 points to close at 486.25 points as compared to the opening day.

According to the NEPSE data, it traded 366,800 shares of 86 companies in 4,426 transactions generating a total turnover of Rs. 147,304,800 this week. Last week, it had traded 610,100 shares worth Rs 210,508,000 in 4,739 share transactions.

Transaction amount this week declined by 30.03 percent as compared to the previous week.

Of the total shares traded, Group-A companies contributed Rs. 79,800,000 to the total transaction which alone stood for 63.03 percent of the total share transaction.

This week, trading, insurance and hydropower saw a gain while the group categorized as others, commercial banks, development banks and finance went downhill. On the other hand, manufacturing and hotel groups saw no transaction at all.

The trading group made a gain of 4.54 points to surge to 251.61 points, the insurance increased by 2.68 points to jump to 575.74 points and the hydropower elevated by a slight 0.26 points to end at 779.97 points.

The others lost the most as it shed 62.26 points to decline to 528.73 points.

Likewise, the commercial banks went down by 12.69 points to end at 461.76 points, the development banks lost 5.42 points to settle at 457.54 points and the finance lost 4.21 points to close at 479.29 points.

The sensitive index, which measures the performance of Group-A companies, declined by 5.02 points to rest at 118.68 points.

Bank of Kathmandu (BoK) occupied the first position in terms of total turnover (Rs. 20.33 million).

CMB Finance topped in the number of shares traded (31 thousand units) and Vibor Development Bank topped in the number of transactions (387).

On the basis of transaction amounts, BoK (Rs. 23.32 million), Standard Chartered Bank (SCB) (Rs 14.71 million), CMB Finance (Rs 11.17 million), Nabil Bank (Rs 7.83 million) and Chilime Hydropower Company (Rs 6.82 million) were the top five companies, the NEPSE weekly report stated.

This week, the NEPSE listed some 301,836 units of bonus shares of NIDC Capital. nepalnews.com