Saturday, August 1, 2009

Standard Chartered Bank Nepal rules the roost

Standard Chartered bank dominated the stock market this week with Rs 40.67 million worth transactions followed by Bank of Kathmandu with Rs 39.01 million, Citizens' Bank International with Rs 38.75 million, Nepal Bangladesh Bank with Rs 31.51 million and Kumari Bank with Rs 30.51 million.
In terms of number of share units traded National Hydropower Company topped the chart, with 99,000-unit shares changing hands while in terms of number of transactions Citizens Bank International topped the chart with 882 transactions.
The secondary market this week lost 21.83 points to drop to 716.01 points from last week's closing of 737.84 points. However, the transaction amount increased by 15.91 per cent to reach Rs 472.82 million against last week's Rs 407.91 million.
The 78-scrip sensitive index sensitive index -- the barometer of Group-A companies -- plunged 7.31 points to 190.46 points from last week's closing of 197.77 points.
The shareholders of almost all the groups lost this week, pulling the float index -- calculated on the basis of real transactions -- down by 1.99 points to 69.16 points from last week's closing of 71.15 points.

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