The encouraging financial result of financial intermediaries failed to attract investors to the stock market as the benchmark index dropped by 5.62 points, this week.
The financial institutions’ balance sheet — especially commercial banks — recorded higher profits in their fourth quarter of last fiscal year. Even some of the commercial banks have even earned net profit exceeding Rs 1 billion. Some of the banks like Everest Bank, Bank of Kathmandu and Nabil bank already announced handsome dividend for their shareholders too. However, the investors are shying away from share market in spite of fundamentally attractive aspects. Nepse once again plunged below 350 points as the transaction amount continued its decline of last few weeks. The share market kept plunging steadily throughout the week from opening of 352.54 points on Monday morning to closing at 346.92 points on Thursday.
The share market witnessed trading of 584,597 unit shares of 109 companies worth Rs 94.8 million through 4756 transactions in its regular four trading days, as Sunday was the public holiday. The transaction volume this week declined by 26.88 per cent. Class ‘A’ companies’ measuring index — sensitive index — also went down by 1.48 points to close at 85.95 points. Among the total transactions, the trading of class ‘A’ companies consisted of 49.94 per cent amounting to Rs 47.3 million.
This week, only others and hotels subgroup recorded gains in the trading by earning 2.35 points and 0.38 points, respectively. Banking lost 9.19 points while development banks and finance companies went down by 1.57 points and 3.99 points, respectively. Hydropower companies also lost 4.35 points closely followed by insurance companies 4.01 points in the week’s trading. No shares of companies belonging to manufacturing and trading subgroup were traded this week.
Bank of Kathmandu topped the charts in terms of transaction amount with trading worth Rs 13.5 million. In terms of number of transactions, Jyoti Bikas Bank was fore runner with 440 transactions. In terms of numbers of shares traded Taragaoun Regency Hotel topped with 40,100 unit shares trading.
The top five performers of the week are Bank of Kathmandu (Rs 13.54 million), IME Financial Institution (Rs 8.62 million), Nepal Life Insurance (Rs 5.89 million), Nepal Investment Bank (Rs 5.19 million) and Taragaun Regency Hotel (Rs 3.73 million).
1 comment:
Dear Sir/Madam.i lost 20,000 thausent NC Rps from Kathmandu Development Bank in the Urlabari Branch.I asked the Some employ the Bank. They told we are not responscibility. so that one 20 going the lost? My name is Phurman Tamang Madhumalla Morang
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