Nepse ends week 1.06 points down

- POST REPORT, Kathmandu
Nepse ends week 1.06 points down

Jun 21, 2014-

Nepal Stock Exchange (Nepse) last week dropped 1.06 points to close at 926.5 points on Thursday.

The secondary market, which opened at 927.56 points on Sunday, gained 11.29 points on Monday, before dropping points for rest of the week.

Ram Krishna Tiwari of Oxford Securities termed the marginal fall in the benchmark index “market correction”. “It is a normal phenomenon that the market, which rose massively in a short time, especially in the past two weeks, fell marginally,” said Tiwari, adding the market will continue to fall for the next few days.

Out of the nine trading groups, seven posted gains. Insurance companies’ group (up 127.03 points) was last week’s top gainer followed by hotels, manufacturing, development banks, trading, commercial banks and finance companies. Saying insurance shares were overpriced, Tiwari said: “There are no reasons for the insurance sun-index to escalate to this height.”

Sub-indices of others and hydropower companies were down 56.38 and 17.56 points, respectively. The sensitive index, which measures transactions of ‘A’ category companies, rose 1.08 points to close at 199.49 points.

Standard Chartered Bank posted the highest individual transaction of Rs 189.181 million. Chilime Hydropower, Global IME Bank, Nepal Bank and Century Commercial Bank were among the top five companies in terms of transaction amount. Nabil Balanced Fund topped in terms of the number of shares traded (3,545,871 units).

The overall market transaction stood at Rs 2.83 billion last week, up 11.28 percent compared to the previous week’s figure. But the number of traded shares declined to 7,787,832 units from 7,897,390 units. Transactions of ‘A’ category companies amounted to Rs 1.20 billion, 47.09 percent of the total market turnover.

The capital market listed bonus shares of five companies — Innovative Development Bank, Lalitpur Finance, Nawadurga Finance, Siddhartha Finance and Salt Trading Corporation.

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs millions)

Standard Chartered Bank     Rs 189.181million

Chilime Hydropower Co    Rs 151.965 million

Global IME Bank    Rs 125.751 million

Nepal Bank    Rs 122.948 million

Century Commercial Bank    Rs 108.683 million

SECTORS THAT WENT up

Sector    Points Gained

Insurance Companies    127.03

Hotels    26.93

Manufacturing    19.56

Development Banks    5.19

Trading    3.04

Commercial Banks    1.96

Finance Companies    0.91

SECTORS THAT WENT down

Sector    Points Gained

Others    56.38

Hydropower Companies    17.56

Published: 22-06-2014 09:59

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