Money

Nepse up 8.38 pts, sails past 800

  • As investors are awaiting third-quarter results of listed companies, the selling pressure has eased compared to the previous week
- Post Report, KATHMANDU
Nepse up 8.38 pts, sails past 800

Apr 6, 2014-

Nepal Stock Exchange (Nepse) inched up 8.38 points last week to settle at 801.32 points on Thursday. This is the first time in a month the secondary market has crossed the 800-point mark.

As investors are awaiting third-quarter results of listed companies, the selling pressure has eased compared to the previous week, said Anjan Raj Paudel, CEO of Thrive Brokerage House. He said investors are in a wait-and-see mode, predicting the market would hover around 800 points for the next few days.

Of the nine trading groups, seven posted gains. The hydropower group (up 47.91 points) led the gainers’ side, followed by insurance companies, commercial banks and development banks. Last week’s

sole loser was the hotels group (down 68.69 points). The trading sub-index remained stable at 182.82 points.

The sensitive index, which measures the performance of ‘A’ category companies, inched 2.49 up to close at 190.23 points.

Chilime Hydropower Company posted the highest individual transaction of Rs 300.56 million. It was followed by Nepal Life Insurance, National Hydropower, Nepal Bank and Sanima Mai Hydropower.

In terms of the number of share traded, National Hydropower Company (663,218 units) took the pole position.

Last week, the overall market transaction stood at Rs 1.54 billion, up 12.33 percent from the previous week’s Rs 1.37 billion. The transaction of ‘A’ category companies amounted to Rs 826.2 million, 53.41 percent of the total market transaction.

Meanwhile, Nepse listed 1,093,849 rights shares of Siddhartha Insurance, 306,757 bonus shares of Reliable Finance, 276,000 of Sewa Bikas Bank, 400,072 of Nirdhan Utthan Bank and 600,000 of Janta Bank.

Published: 06-04-2014 09:20

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