Money

Nepse ends week 30.75 points down

- Post Report, Kathmandu
The market that opened at 1,200.15 points on Monday fell throughout the four-trading-day week, but the turnover rose 1.69 percent Rs2.53 billion

Sep 6, 2015-Nepal Stock Exchange (Nepse) dipped 30.75 points to close at 1,169.4 points last week.

The market that opened at 1,200.15 points on Monday fell throughout the four-trading-day week. However, the turnover continued to remain strong, suggesting the bullish trend would stay for a while.

Nanda Kishore Mundada, managing director of Shree Krishna Securities, said as the market has been growing significantly, even breaching past records, a nominal fall is normal.

He said the healthy turnover suggested the bullish was still bullish. The turnover last week rose 1.69 percent Rs2.53 billion. The number of traded shares, however, dropped to 4,052,570 units from 6,422,590 units.  

Of the nine trading groups, six—insurance companies, commercial banks, hydropower companies, hotels, development banks and finance companies—saw their indices fall. The insurance group (down 378.57 points) led the losers’ side. The secretor, however, had led the market rally on Monday, jumping 388.02 points up. The manufacturing group (up 95.85 points) was last week’s top gainer, followed by others, and trading groups. The sensitive index that measures the performance of ‘A’ class companies declined 5.9 points to 251.68.

Mundada, however, said the market could hover around 1,200 points as the fundamentals were not so encouraging. “Investment environment, political situation and companies’ profits should support the market to surge significantly,” he said.

Everest Bank posted the highest individual transaction of Rs416.55 million. It was follows by Nepal Investment Bank (promoters’ shares), Kumari Bank, Prabhu Bank, National Life Insurance and Nabil Bank (promoters’ shares). With 362,000 units of its shares changing hands, Siddhartha Investment Growth Scheme 1 topped in terms of the number of shares traded.

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs millions)

Everest Bank    416.55

Nepal Investment Bank (Pro)    147.41

Kumari Bank    144.16

National Life Insurance    140.92

Nabil Bank (Pro)     110.69

Sectors that went up

Sector    Points Gained

Manufacturing    95.85

Others    35.24

Trading    0.48

Sectors that went down

Sector    Points Gained

Insurance Companies    378.57

Commercial Banks    38.83

Hydropower Companies    38.38

Hotels    27.95

Development Banks    6.64

Finance Companies    1.84

Published: 06-09-2015 08:53

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