Print Edition - 2015-06-28 | MONEY
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
Commercial Banks 9.55
Finance Companies 2.69
Development Banks 1.76
SECTORS THAT WENT went down
Sector Points Gained
Published: 28-06-2015 08:06