The secondary market saw 6883 transactions of 102 companies worth Rs 124.53 million that is 8.75 per cent higher than a week ago. Similarly, the domination of the Class-A companies in the Nepse has come down to 39.56 per cent as they saw Rs 49.2 million transation only.
However, the Nepse could not perform any better than a week ago as the Nepse gained only 0.06 point to close the market at 424.96 points from the Sunday morning's opening of 424.90 points. The sensetive index gained 0.27 point to close at 104.19 points.
Commercial banks, insurance and finance sub-groups surged but hydropower and development banks lost, whereas manufacturing, hotels, and trading groups didnot witness any changes in their indices, according to the Nepse.
Merchant Finance topped the chart with the highest transation amount and share units that saw Rs 17.5 million worth trading of its 906-unit of shares. Similarly, Agriculture Development Bank Nepal topped the chart with 906 trading.
According to the central bank, the year on year (y-o-y) Nepse has declined by 35.6 per cent to 404.43 points in mid September. It stood at 628.34 points in the same period last year.
Similarly, sensitive index (based on July 2006) stood at 98.94 point in mid September against 160.79 points in the same period last year. The float index -- calculated on the basis of closing price of August 24, 2008, as base market value -- remained at 37.15 in mid September, a contraction of 37.8 per cent compared to the same period last year.
The y-o-y market capitalisation also decreased by 25 per cent to Rs 330 billion in the first two months of the current fiscal year. "The ratio of market capitalisation to GDP stood at 28 per cent," the central bank said, adding that the ratio was 45.9 per cent in the same period last year.
Of the total market capitalisation, bank and financial institutions stood with highest share of 71.5 per cent followed by manufacturing and processing companies (2.4 per cent), hotels (1.6 per cent), business entities (0.5 per cent), hydropower (4.8 per cent) and other economic sectors (19.3 per cent).
Total paid up capital of the listed companies stood at Rs 86.34 billion in mid September -- an increase of 35.6 per cent over the period of one year. This increase was largely due to the additional listing of securities at the Nepse.
As at mid September, Nepse listed securities worth Rs 12.39 billion (ordinary share of Rs 4.62 billion, bonus share of Rs 226.5 million, right share of Rs 2.56 billion and government securities of Rs 4.99 billion). The total number of listed companies stood at 180 in mid September compared to 159 in the same period last year. Among them, 148 are banks and financial institutions (including insurance companies), followed by 18 production and processing industries, four hotels, business entities and hydropower companies each and two companies under other groups.
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