NEPAL Stock Exchange (Nepse) slipped 3 points last week to close at 536.45 points on Thursday. The market had opened at 539.44 points on Sunday. Ram Krishna Tiwari, managing director of Oxford Securities, said overflow of shares due to bank promoters selling their promoter’s shares might have affected the market. He said a huge trading of preference shares of a few banks also played a crucial role in bringing down the market. Tiwari, however, expressed hope the benchmark index would cross the 550-point mark in the next few weeks. Of the nine groups, only three saw rise in their indices. With a gain of 45.43 points, insurance companies led the gainers’ side. Groups representing manufacturing companies and development banks were the other gainers. The hotels group was last week’s biggest loser — down 21.21 points. Hydropower companies, commercial banks, others’ and finance companies also shed points. The sub-index of trading group was stable at 172.23 points. The sensitive index that measures transaction of A class companies dropped 0.84 points to close at 134.60 points. Global IME Bank topped in terms of both number of shares traded (647,870 units) and the transaction worth (Rs 82.92 million). Companies on the top-five list in terms of transaction worth were National Life Insurance Company, Everest Bank, Chilime Hydropower Company and National Life Insurance. Despite the fall in the benchmark index, the overall market transaction, however, rose 7.27 percent to Rs 676.1 million from the trading 2,071,930 shares. Transaction of A category companies amounted to Rs 353 million — 48.67 percent of the total market transaction. Last week, the exchange listed bonus shares of seven companies including Sahayogi Bikas Bank, Gurans Life Insurance Company, Pashchimanchal Finance, Nirdhan Utthan Bank, Ohm Finance, Lumbini General Insurance Company and Swabalamban Microfinance Development Bank.
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