Stock market slips marginally

January 4, 2004
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The index of Nepal Stock Exchange (Nepse), the secondary market of share trading, slipped marginally by 0.71 point last week (December 29 to January 2), as compared to the previous week.

After a brief recovery during previous week, the Nepse index opened at 202.23 points on Monday, December 29. On the final day of the share trading on Friday, January 2, the index was recorded at 201.52 points.

Commercial bank and the trading groups gained in their respective indices, while the rest of the groups either remained constant or saw a decline, reports said.

In particular, hotel, insurance, finance and development bank groups saw a decline in their respective indices. The fall of these groups is attributed to overall fall of the index, according to reports.

Gorkha Finance Limited topped the weekly transaction with 172 share transactions, whereas, Bank of Kathmandu ranked first in terms of share units traded. The bank traded 2000 unit shares during the period.

At the same time, Nabil Bank Limited secured the first position in terms of monetary values with Rs.1,029,590 worth being traded, reports added.