Stock market jumps 54.9 points

- POST REPORT, Kathmandu
Stock market jumps 54.9 points

Jun 6, 2015-

Transactions in the secondary market jumped 73.36 percent last week to Rs1.29 billion. The turnover at the end of the previous week stood at Rs745.7 million.

The Nepal Stock Exchange (Nepse) index rose 54.9 points to close at 926.84 points on Thursday, while the number of shares traded increased to 3,198,980 units from 1,914,710.

The market, which opened at 871.94 points on Sunday, posted gains throughout the week.

Narendra Raj Sijapati, an analyst, said positive political developments helped the market grow. “It seems there has been some improvement on constitution drafting and national multi-party government fronts,” he said, adding there has been a notable growth in the number of small investors. Of the nine trading groups, seven posted gains. Up 373.81 points, the insurance group was the top gainer. It was followed by hydropower, commercial banks, others, trading, development banks and finance companies. Hotels (down 84.06 points) and manufacturing (down 0.23 points) were the losers.

The sensitive index that measures the performance of blue chips rose 10.98 points to close at 198.13 points. Nepal Bank topped in terms of both transaction volume (Rs104.9 million) and number of shares traded (413,000 units). Chilime Hydropower, Everest Bank, Laxmi Bank and Bank of Kathmandu rounded out the top five in terms of transaction. Last week, Nepse losted 50 million primary shares of Laxmi Value Fund 1.

Published: 07-06-2015 08:22

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