Nepse closes week 3.22 pts higher

- Post Report, Kathmandu

Sep 11, 2016-

Nepal Stock Exchange (Nepse) index gained 3.22 points over the week to close at 1,823.05 points on Thursday, the last trading day of the week.

The stock index opened at 1,819.83 points on Sunday and jumped 19.07 points on Monday before losing points for rest of the week. The week’s biggest loss 9.97 points came on Wednesday.

Anjan Raj Poudel, managing director of Thrive Brokerage House, said the market’s growth rate has slowed after heavy losses a few weeks ago. “But the market is gradually heading towards stability,” he said.Of the nine trading groups, indices 

of six ended in positive territory. 

The insurance sub-index witnessed a whopping growth of 82.76 points, becoming the biggest gainer. 

Other gainers were hydropower, hotels, development banks, trading and finance companies. 

Manufacturing and banking sub-indices shed 57.21 and 2.13 points, respectively. The trading sub-index remained stable at 202.79 points. 

The sensitive index that measures the performance of ‘A’ class companies inched up 0.39 points to close at 395.57 points.

The overall market turnover stood at Rs 8.52 billion, up 23.33 percent compared to the previous week.

In terms of transaction volume, Nepal Bangladesh Bank topped the list, recording a turnover of Rs768.82 million. Other top companies in terms of transaction volume were Nepal Investment Bank, Sunrise Bank, Everest Bank and Siddhartha Bank.

 

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company    Turnover (in Rs. millions) 

Nepal Bangladesh Bank    768.82

Nepal Investment Bank    475.85

Sunrise Bank    461.58

Everest Bank    433.94

Siddhartha Bank    373.03

SECTORS THAT WENT UP

Sector    Points Gained

Insurance Companies    82.76

Hydropower Companies    66.72

Hotels    24.1

Development Banks    4.08 

Others    0.57

Finance Companies    0.53

SECTORS THAT WENT down

Sector    Points Gained

Manufacturing    57.21

Commercial Banks    2.13

Published: 11-09-2016 10:29

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