Nepse ends week 5.1 points higher

- POST REPORT, Kathmandu
Nepse ends week 5.1 points higher

May 31, 2014-

Nepal Stock Exchange (Nepse) gained 5.1 points last week to close at 866.57 points.

The market, which opened at 861.47 points on Sunday, fell for the next two trading days, before recovering 10.05 points on Wednesday.

Megh Nath Upadhyaya of Primo Securities termed the gain “market correction”. “There are no such reasons for a high fluctuation as most of the companies have already declared dividend for this year,” he said.

Of the nine trading groups, four posted gains, as the insurance group (up 60.42 points) topped the gainers’ chart. “Good returns announced recently by a number of insurance companies helped the group’s index rise,” Upadhyaya said.

Hydropower companies, manufacturing and commercial banks were the other gainers. Groups representing hotels, finance companies, others and development banks posted losses, while the trading group was stable.

The sensitive index, which measures the performance of ‘A’ class companies, was up 0.91 points to close at 184.84 points.

Chilime Hydropower Company posted the highest individual transaction of Rs 255.51 million. National Life Insurance, Nabil Bank, Civil Bank and Nepal Bangladesh Bank rounded out the top five. With 585,000 units of its shares changing hands last week, Nabil Balance Fund topped in terms of the number of shares traded.

Despite the surge in the Nepse index, the overall market transaction declined 34.20 percent to Rs 1.30 billion. The number of traded shares also fell to 3,104,070 units from 5,075,540 units.  “A” class companies posted a

transaction of Rs 705.5 million, 54.02 percent of the total market transaction.

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs millions)

Chilime Hydropower Co    255.51

National Life Insurance Co    178.34

Nabil Bank    86.20

Civil Bank    71.11

Nepal Bangladesh Bank     53.55

SECTORS THAT WENT up

Sector    Points Gained

Insurance Companies    60.42

Hydropower Companies     57.96

Manufacturing    51.9

Commercial Banks    1.86

SECTORS THAT WENT down

Sector    Points Gained

Hotels    3.73

Finance Companies     2.23

Others    1.17

Development Banks    0.87

Published: 01-06-2014 10:31

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