Nepse ends week 4.12 points up
Jul 26, 2014-
Nepal Stock Exchange (Nepse) gained 4.12 points to close at 1,079.09 points last week. The benchmark index, which opened at 1,074.97 points on Sunday, rose by 8.58 points on Monday, when the market posted highest-ever single-day transaction of Rs 1.2 billion.
Jivan Kumar Prasai of Sumeru Securities attributed the surge in market turnover to increasing confidence investors along with improved stock trading system. “The dual log-in system that Nepse provided to brokers since the last month helped boost the transaction,” he said.
Out of nine trading groups, five posted gains. The group representing hotels, up 59.61 points, was the largest gainer, followed by development banks, manufacturing, finance companies and commercial banks.
The losers were insurance companies, hydropower companies and ‘others’. Insurance companies were down 92.24 points. The trading group was stable at 188.42 points.
The sensitive index, which measures the performance of blue chips, rose 0.78 points to close at 231.81 points.
Nepal Bank topped in terms of both transaction and the number of shares traded.
The bank recorded Rs 576.97 million transactions from the trading of 1,188,000 shares. Chilime Hydropower, Kumari Bank, Lumbini Bank and Citizens Bank International rounded out the top five. The overall market transaction last week rose 40.67 percent to Rs 4.48 billion. The number of shares traded increased to 9,071,280 from 6,956,750.
Published: 27-07-2014 09:27