Nepse ends week 12.41 points up

- POST REPORT, Kathmandu
Nepse ends week 12.41 points up

Jun 27, 2015-

Nepal Stock Exchange (Nepse) last week rose 12.41 points to close at 930.38 points.

The market that opened at 917.97 points on Sunday posted gains throughout the week. The market say the week’s biggest growth on Monday, when the benchmark index rose 4.5 points.

Anjan Raj Paudel, managing director of Thrive Brokerage House, said the market was heading towards stability. “As the fiscal year’s end nears, investors tend to settle interests on loans by selling stocks they hold, which pushed down the market in the previous weeks,” said Paudel. “And as the demand rose following the settlement of the loan interest, the stock prices rose.”

Of the nine trading groups, seven saw their sub-indices grow. Up 123.15 points, the insurance group led the gainers’ side comprising hydropower, hotels, commercial banks, others, finance companies and development banks.

The manufacturing group (down 5.58 points) was last week’s sole loser, while the trading group remained stable at 220.54 points. The sensitive index that measures the performance of blue chips was down 2.57 points to 199 points.

The overall market transaction rise 7.85 percent to Rs 1.05 billion. The number of traded shares, however, plunged to 2,775,910 units from 2,895,830 units.

Nepal Credit and Commerce Bank posted the largest individual transaction of Rs 88.29 million. It was followed by Nepal Life Insurance, Chilime Hydropower, Lumbini Bank and Global IME Bank. Nabil Balance Fund 1 topped in terms of number of the number of traded shares (221,000 units). Meanwhile, the exchange registered 1,122,000 right’s shares of Garima Bikas Bank and 325,037 bonus shares of Miteri Development Bank.

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs millions)

Nepal Credit and Commerce Bank     88.29

Nepal Life Insurance     63.53

Chilime Hydropower     50.97

Lumbini Bank     43.23

Global IME Bank    41.01

SECTORS THAT WENT went up

Sector    Points Gained

Insurance Companies    123.15

Hydropower Companies     43.13

Hotels    29.38

Commercial Banks    9.55

Others    8.23

Finance Companies    2.69

Development Banks    1.76

SECTORS THAT WENT went down

Sector    Points Gained

Manufacturing    5.58

 

Published: 28-06-2015 08:06

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