Money
Nepse dips by 3.51 pts to close at 1,216.11
The Nepal Stock Exchange (Nepse) dipped 3.51 points to close at 1,216.11 points last week.The Nepal Stock Exchange (Nepse) dipped 3.51 points to close at 1,216.11 points last week.
The market posted the fresh all time high of 1,222.43 points on Monday. With enforcement of full-fledged demat system, the market has been on upward swing since last week. Last week too, the market set the record of 1,212 points.
The secondary market that opened at 1,219.62 points on Sunday inched up 2.81 points on Monday. However, the market fell for the rest of the trading days. The biggest fall of 4.04 points was observed on Tuesday.
Stockbrokers considered the marginal drop in the Nepse as the market correction. They sought the possibility that the market could go up in coming days as various factors influencing the secondary market going on in the positive line.
Of nine trading groups, only three witnessed an increase in their benchmarks. Manufacturing with adding up 51.27 points was the biggest gainer. It was followed by development banks and finance companies.
Similarly, indices of five groups plunged over the weekdays. Insurance, down with 40.85 points was the biggest loser. The group was followed by hydropower, hotels, ‘others’ and commercial banks. The Nepse of trading group was stable at 201.38 points throughout the weekdays.
The sensitive index that measures the performance of ‘A’ class companies also declined marginally by 0.66 points to close at 261.58 points.
Along with the Nepse, the transaction volume also dropped 12.68 percent to Rs2.18 billion. Similarly, the number of traded shares, however, declined to 3,444,117 from 3,758,610 units.
Regarding the individual company, Sanima Bank topped in terms of both the transaction volume and the number of traded shares. There was turnover of Rs136.7 million of the bank’s shares while the number of traded shares reached 190,000 units.