Stock market ends week 8.55 points up

- POST REPORT, Kathmandu
Stock market ends week 8.55 points up

Oct 18, 2014-

Nepal Stock Exchange (Nepse) rose 8.55 points last week to close at 923.59 points. The market that opened at 915.04 points on Sunday lost 6.21 points on Monday, but posted gains for rest of the trading days. Pramod Sapkota, managing director of Sani Securities, termed the growth “positive, but unsatisfactory”.

“At a time when almost every political and economic situation is favourable for the capital market and an increasing number of new investors have come up, Nepse should have rose even higher,” he said. Sapkota attributed the slow growth to CDS and Clearing implementing paperless transaction of bank stocks.

Except for the others group, all other trading groups posted gains. Insurance companies (up 134.98) was the top gainer, followed by hotels, commercial banks, hydropower, development banks, finance companies and manufacturing. The other group saw its index fall 34.07 points. The trading group was stable at 186.81 points. The sensitive index that measures the performance of blue chips inched up 1.09 points to close at 197.62 points.    

Kumari Bank topped in terms the highest individual transaction (Rs 76.5 million). It was followed by National Life Insurance, Grand Bank, Prime Life Insurance and Chilime Hydropower. Neco Insurance topped in terms of the number of shares traded (226,000 units).

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs millions)

Kumari Bank    76.5

National Life Insurance    74.12

Grand Bank    43.05

Prime Life Insurance     33.56

Chilime Hydropower Co    33.55

SECTORS THAT WENT up

Sector    Points Gained

Insurance Companies    134.98

Hotels    21.16

Commercial Banks    12.14

Hydropower Companies     9.16

Development Banks    6.61

Finance Companies    3.22

Manufacturing    1.09

SECTORS THAT WENT down

Sector    Points Gained

Others    34.07

Published: 19-10-2014 09:56

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