Kathmandu, June 9
The Nepalese capital market has continued to decline by double digits in the second week of the dissolution of the Constituent Assembly (CA).
The rising Nepal Stock Exchange (NEPSE) index had suddenly fallen significantly since May 28.
This week, the NEPSE index recorded a decline of double-digit of 21.21 points to close at 369.78 points. Last week, the capital market had declined by 39.32 points.
Despite the decrease in the NEPSE index, the share market’s turnover went up by almost 25.55 per cent this week as compared to last week.
A total turnover of Rs. 301,350,000 was made this week as compared to Rs. 240,028,000 last week, according to a NEPSE report.
This week, the NEPSE traded 1,296,018 shares of 109 companies in 7,666 transactions, while it has traded 687,325 shares of 120 companies in 5,321 transactions last week.
Of the total turnover, Group ‘A’ companies contributed Rs. 211,200,000 this week. That accounted for 70.09 per cent of the total turnover.
Almost all the sub-indices of commercial banks, manufacturing, hotel, ‘others’, hydropower, insurance, finance and development bank groups declined significantly this week.
The sub-indices of commercial banks, manufacturing, hotel ‘others’, hydropower, insurance, finance and development bank groups went down by 25.90 points, 0.31 points, 1.31 points, 29.37 points, 36.53 points, 6.64 points, 1.41 points and 10.28 points, respectively.
The indices of business groups, however, remained unchanged this week.
The sensitive index, which measures the group ‘A’ companies, fell by 5.70 points to close at 93.13 points.
This week, Bank of Kathamndu Limited occupied the first position in terms of the total turnover (Rs. 57,400,000), the number of transaction (568) and Narayani National Finance stood out first in terms of the number of shares transacted (372,098).
Bank of Kathmandu Limited (Rs. 57.40million), Chilime Hydropower Company Limited (Rs. 27.42 million), Everest Bank Limited (Rs. 19.51 million), Nabil Bank Limited (Rs. 15.12 million) and Narayani National Finance (Rs.14.36 million) were the top five companies on the basis of transaction amounts.