Nepse index rises by 10.23 points

- Post Report, Kathmandu

Sep 23, 2018-

The Nepal Stock Exchange (Nepse) climbed 10.23 points to close at 1,255.07 points last week. Along with the rise in Nepse, the average daily transaction amount also surged to Rs656.25 million from Rs420 million.   

 

Nepse opened at 1,244.84 points on Sunday, increased by 11.69 points to close at 1,256.53 points. On Monday, however, the market slid by 0.13 points and closed at 1,256.4 points. Amid the fluctuation, the market gained 2.41 points on Tuesday before witnessing a fall of 3.74 points on Thursday. Marking Constitution Day, the market remained closed on Wednesday.

Consequently, the market closed with a gain of 0.82 percent in overall trading days during the review period.

Stockbrokers said the rise in Nepse is a sign that the market is heading to stability. “Even at a time when investors are attracted to booking profit, the rise in Nepse indicates that a group of investors still want to invest in the secondary market,” said a stockbroker under the condition of anonymity.

The sensitive index that measures the performance of Group ‘A’ companies also went up 1.82 points to close at 266.09 points, with an increase in the stocks’ value of a majority of trading groups along with a slight rise in the commercial banks’ sub index.  

Along with a rise in the market index, the average value of the shares listed in the stock market also rose by Rs12.19 billion, as market capitalisation surged to Rs1,494.90 billion from Rs1,482.71billion.

Except hotels and finance companies, indices of the remaining 11 trading groups escalated during the review period. Non-life insurance, with an additional 190.11 points, was the largest gainer. The group’s index closed at 6,023.55 points. It was followed by life insurance, with an additional 108.03 points, manufacturing with additional 53.63 points and hydropower with additional 30.59 points.

Likewise, development banks gained 22.14 points, microfinance gained 18.33 points, trading gained 3.17 points, commercial banks gained 2.91 points and ‘others’ gained 2.31 points. Among the two losers, hotels and finance companies lost 19.85 points and 1.66 points respectively.  

Of the individual companies, NMB Bank led in terms of both transaction amount and the number of traded shares. It had transactions worth Rs199.05 million, and traded 553,000 units of the bank’s shares during the review period.

NIC Asia Bank, with transaction amount of Rs121.29 million, was in second position of the category. Sanima Mai Hydropower Limited, Nepal Bank Limited and Prabhu Bank Limited were among others in the list.

Last week, stocks of 189 listed companies were traded. Along with a rise in market index, the transaction amount escalated by 24.91 percent to Rs2.62 billion. The traded number of shares however declined to 9,070,770 units from 10,255,680 units.  

Right Shares/Bonus Shares

Company    Type    Units

Dev Bikas Bank    Bonus    2,470,923.41

Published: 23-09-2018 09:02

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