Stock Exchange registered slowdown
Jan 07,2007 00:00
by
Biz Correspondent
Following a weak performance of active groups including commercial banks, the Nepal Stock Exchange (NEPSE) has registered a decline of 2.10 points over the week. The index of Nepse that had opened at 514.42 points was closed at 512.32 points on Thursday. The turnover at NEPSE floor stood at Rs. 182.90 million over the week. The index shows that a total of 376,788 units of shares including 3,500 units of NCM Mutual Fund were traded over the week. The commercial banks, the largest trading group failed to perform better this week. The group suffered a decline in prices along with a decline in index by 7.89 points. The group's index closed at 574.13 points from 582.02 points during the week. The index of others group which had suffered a heavy loss last week too, dropped by 16.82 point being settled at 673.59 points this week. On the other hand, manufacturing group, insurance, finance and development banks recorded good growths during the week. According to the index, development banks recorded a growth of 18.21 points in its index and closed at 513.14 points during the week while insurance group registered a robust growth with its index touching 512.51 points on the closing day from 469.93 points of the opening day. Similarly, finance group also saw a substantial growth to 339.77 points from 329.65 points along with the manufacturing group, which closed at 322.36 points on Thursday from 319.82 points of Sunday. However index of hotels group as well as the trading group remained unchanged at 187.47 points and 150.09 points respectively during the week. Likewise, the others group made 12.30 percent, development bank captured 10.23 percent and insurance group accounted for 2.83 percent of total turnover. Sanima Development Bank recorded maximum number of transactions this week, while Kumari Bank secured the top position in terms of value of share transactions recorded at NEPSE floor. Sanima Development Bank recorded a total of 1,237 transactions. Share transactions of Kumari Bank were valued at Rs 23.46 million.