Share market goes down

KATHMANDU, Aug 30 - The Nepal Stock Exchange (NEPSE) index dropped down by 20.68 points last week. The index declined to 681.54 points in the final day of trading on Thursday from 702.22 points in the first day of trading on Sunday. There was a decline every day of the week. The downfall in the commercial banks' index was caused decline in the overall index.
The group suffered a decline of 36.19 points followed by the group comprising finance companies with 7.43 points.
The group comprising development banks also saw a decline of 3.59 points.
However, the groups comprising insurance companies and hotels witnessed an upward trend in their indices with their respective indices going up by 5.55 and 2.90 points.
The group categorized as others saw an increase of 1.17 points followed by hydropower sector with 0.09 points increase.
The trading and manufacturing sectors saw no change in their indices the entire week.
Shares of 88 companies were traded last week. A total of 688,700 units of shares worth Rs. 512.72 million were traded via 5820 transactions last week. The turnover amount however decre-ased by 19.46 percent compared to the amount the previous week. A total of 897,100 units of shares worth Rs. 636.57 million had been traded via 5,477 transactions in the previous week.
'A' class companies witnessed a turnover of Rs. 322.4 million which represents 62.89 percent of total turnover.The sensitive index that measures the performance of 'A' class companies however saw a decline of 7.72 points.
Standard Chartered Bank, National Hydro-power Company and Citizens Bank Intern-ational topped in
terms of turnover amount, number of share traded and number of transactions made respectively.
The 140,000 unit rights shares of Srijana Finance were listed in NEPSE last week.
weekly review
Date Total Turnover (Rs. in million) Nepse Index (in points)
27/08/09 93.99 681.54
26/08/09 114.77 682.31
25/08/09 86.36 678.87
24/08/09 89.93 693.34
23/08/09 127.65 702.22
Top Five in turnover
Company Turnover Amount
Standard Chartered 65.45
Nabil Bank 54.55
Citizens Bank International 41.80
Bank of Kathmandu 37.81
Nepal Investment Bank 35.62
Kantipur Report