Print Edition - 2015-03-15 | MONEY
Nepse ends week 10.33 pts lower
Mar 14, 2015-
Nepal Stock Exchange (Nepse) dropped 10.33 points to close at 978.44 points last week. The market, which opened at 988.77 points on Monday, lost points throughout the four-trading-day week.
Sachin Silwal, managing director of Vision Securities, attributed the fall to the ongoing political uncertainty. “As the third quarter nears end, investors who had taken loan to purchase shares rush to repay the debt. This could have hit the demand, contributing to the market’s fall,” said Silwal.
Of the nine trading groups, six posted losses. Insurance companies (down 130.63 points) was the biggest loser, followed by hydropower companies, hotels, commercial banks, finance companies and development banks.
Others and manufacturing groups rose 7.05 points and 5.13 points, respectively. The trading group remained stable at 196.93 points. The sensitive index that measures the performance of blue chips fell 1.78 points to 208.08 points.
National Life Insurance Company (promoters’ shares) topped in terms of the transaction amount (Rs 109.64 million). Prabhu Bank, Asian Life Insurance, National Hydropower Company and National Life Insurance Company (general shares) rounded out the top five.
National Hydropower Company topped in terms of the number of shares traded (331,000 units).
Despite the fall in the Nepse index, the overall market transaction rose 14.56 percent to Rs 1.05 billion. The number of shares traded too increased to 2,811,070 units from 2,676,070 units.
Meanwhile, the exchange listed a total of 20,995,890 bonus shares of Soaltee Hotel, Pacific Development Bank, Nepal Express Finance, Kumari Bank, Mithila Laghubitta Bikas Bank and Standard Chartered Bank.
TOP FIVE COMPANIES IN TERMS OF TURNOVER
Company Turnover (in Rs millions)
National Life Insurance Co (Pro) 109.64
Prabhu Bank 68.97
Asian Life Insurance Co 44.91
National Hydropower Co 43.75
National Life Insurance Co (Gen) 39.64
SECTORS THAT WENT went up
Sector Points Gained
Insurance Companies 130.63
Hydropower Companies 43.21
Commercial Bank 9.09
Finance Companies 2.21
Development Bank 0.07
SECTORS THAT WENT went down
Sector Points Gained
Published: 15-03-2015 08:59