Stock market ends week 5.41 pts up

- POST REPORT, Kathmandu
Stock market ends week 5.41 pts up

Jul 11, 2015-

Nepal Stock Exchange (Nepse) rose 5.41 points last week. The market that opened at 938.02 points on Sunday fell 1.26 points on Monday before gaining points for rest of the week.

Narendra Raj Sijapati, president of Nepal Stockbrokers’ Association, attributed the rise to political development. “The market was boosted by hopes for a political consensus,” he said.

Of the nine trading groups, five—manufacturing, development banks, hydropower, commercial banks and hotels—posted gains. Manufacturing (up 32.09 point) was the top gainer.

The insurance group (down 26.91 points) led the losers’ side including finance companies. Others and trading groups remained stable at 728.4 points and 213.11 points, respectively.

Despite a surge in the index, the turnover plunged 19.41 percent to Rs 1.28 billion. The number of traded shares increased to 3,638,270 units from 3,115,190. The sensitive index that measures the performance of blue chips rose 1.2 points to 200.71 points.

Nabil Bank (promoters’ shares) led in terms of the transaction amount (Rs 125.79 million). Everest Bank, Prabhu Bank, Chilime Hydropower Company and Machhapuchchhre Bank followed. Siddhartha Investment Growth Scheme 1 topped in terms of the number of shares traded (775,000 units).

Meanwhile, Nepse registered general shares of Bhaktapur Finance and Rapti-Bheri Bikas Bank. It also listed right’s shares of Sahayogi Bikas Bank, First Microfinance Development Bank and Nepal Insurance Company. The exchange also registered bonus shares of Pokhara Finance, Reliable Development Bank, Fewa Finance, Sangrilla Development Bank, Sirjana Finance and Janaki Finance.

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs millions)

Nabil Bank (Promoters’ shares)    125.79

Everest Bank    55.18

Prabhu Bank    51.03

Chilime Hydropower Company    50.88

Machhapuchchhre Bank     49.33

SECTORS THAT WENT went up

Sector    Points Gained

Manufacturing    32.09

Development Banks    16.68

Hydropower Companies    11.35

Commercial Banks    5.99

Hotels    2.35

SECTORS THAT WENT went down

Sector    Points Gained

Insurance Companies     26.91

Finance Companies    1.02

Published: 12-07-2015 08:28

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