NEPSE down with commercial bank index

KATHMANDU, Aug 9 - The Nepal Stock Exchange (NEPSE) saw a decline in its index last week by 4.70 points to 700.01 points on the final day of trading Tuesday from 704.71 points on Sunday.
In three-day trading of shares, the index climbed down continuously although margin of decline is not so high. There was no trading on Wednesday and Thursday because of public holidays.
The bad performance of the commercial banks was crucial to bring down the NEPSE last week with their index falling by 13.61 points. The group comprising development banks witnessed a decline of 5.41 points followed by hydropower sector with 1.96 points. The insurance group also witnessed a decline in its index by 1.94 points.
The group categorised as others saw the biggest rise in its index with 15.27 point increase. The group representing financial companies saw an increase of 5.62 points in its index while trading group also witnessed an increase of 2.23 points. However, the indices of both manufacturing and hotel groups remained stable over the entire week at 434.32 and 363.95 points respectively.
The shares of 84 companies were traded over the week. As many as 516,400 units of shares worth Rs. 263.38 million were traded over the week via 4046 transactions. In the previous week, 711,600 units of shares worth Rs. 472.80 million were traded via 5,716 transactions. This represents 44.29 percent decline in turnover amount last week compared to previous week which is chiefly due to just three day trading last week. Generally, shares are traded for five days in NEPSE in a week.
Citizens Bank International topped in terms of transactions amount whereas National Hydropower Company topped in terms of total number of shares traded. Bank of Asia stood first in terms of number of transactions.
weekly review
Date Total Turnover (Rs. in million) Nepse Index (in points)
04/08/09 79.28 700.01
03/08/09 79.65 700.16
02/08/09 104.44 704.71
Top Five in turnover
Company Turnover Amount
Citizens Bank International 21.42
Kantipur Report
Nepal Investment Bank 20.69
Bank of Asia Nepal 17.06
National Hydropower Company 16.30
Nepal Bangladesh Bank 14.55