Money

16,000 new investors boost Nepse

- Post Report, Kathmandu

Apr 15, 2018-

Nepal Stock Exchange (Nepse) index added 27.16 points to close at 1,277.55 points last week, boosted by a wave of new investors who were attracted by low stock prices.

Last week, the market that opened at 1,250.39 points on Sunday gained 44.26 points and closed at 1,294.65 points. On Monday, the market was down 6.87 points to close at 1,287.78 points. The market slid further by 17.55 points on Tuesday too.  

The market picked up points on Wednesday and Thursday, 

adding 3.1 points and 4.22 points respectively. On average, the Nepse index increased 2.17 percent over the week.

Stockbrokers attributed the rise in Nepse to an increased demand for shares with the introduction of new investors at the secondary market. “The new investors were lured by the significant fall in stock prices in over last few weeks,” said a stockbroker under condition of anonymity. As per Nepse data, more than 16,000 new investors approached stockbrokers to invest in stocks last week. “Investor sentiment was also boosted by Nepse’s remark on launching the online trading system in mid June-mid July.”  

The sensitive index that measures the performance of Group ‘A’ companies also inclined 5.56 points to close at 272.45 points with majority of the trading groups observing upward trend in their stocks transactions last week. 

With a rise in the market index, the average value of the shares listed on the stock market also went up Rs32.31 billion with the market capitalisation reaching to Rs1,497.79 billion from Rs1,465.48 billion over the week. 

Eight trading groups witnessed rise in their indices except for development banks and finance companies. 

Insurance gained the largest of 355.51 points to close at 6,161.08 points. Microfinance’s index added up 68.46 points, followed by hotels of 44.08 points, ‘others’ of 17.88 points and commercial banks of 14.49 points.  

Likewise, index of hydropower was up with 14.09 points, manufacturing with 12.74 points and trading with 7.6 points while development bank and finance companies lost 8.6 points and 2.12 points respectively.  

Of the individual companies, promoters’ shares of Bank of Kathmandu led in terms of both transaction amount and the number of traded shares. A total of 580,000 units of the bank’s promoters’ shares worth Rs122.94 million were traded last week.  

Likewise, Nabil Bank witnessed turnover of its shares worth Rs100.95 million. It was followed by promoters’ shares of Nabil Bank, Standard Chartered Bank and Prabhu Insurance.  

Last week, the stocks of 183 listed companies were traded. Along with rise in the market index, the transaction amount also increased by 73.93 percent to Rs2.95 billion. According to Nepse, the traded number of shares also increased to 8,198,900 units from 5,450,260 units.  

 

 

 

Published: 15-04-2018 08:51

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