The Nepal Stock Exchange (Nepse) slid 8.57 points to close at 786.45 points last week. The secondary market that opened at 795.01 points on Sunday fell the three consecutive days until Wednesday before inching up by 1.8 points on Thursday.
There have not been much ups and downs in the stock market lately, which stockbrokers say is a sign of stability in the market.
“In the recent time, there has not been any notable change in political arena and the government has not taken any policy decision that can influence market massively,” said Ram Chandra Bhattarai of Aryatara Investment and Securities.
He added that the downfall in Nepse last week could be due to the investors waiting for the companies to release second quarter financial reports. “At the time when many companies are having their book closed to publish their financial report, the investors usually remain in the wait-and-watch mode to choose the companies to invest their money,” said Bhattarai.
Of the nine trading groups, five gained last week as the hydropower companies led the way with 76.76 points. Next to follow are manufacturing, development banks, finance and trading companies.
Bhattarai attributed the announcement of right share issuance by some of the hydropower companies contribute to heavy rise in index of this group. “The announcement for issuing right shares by the hydropower companies like Arun Valley and Butwal Power might have attracted the investors in the segment.”
The indices of hotels, insurance companies and commercial banks fell during the review period. Hotels having downswing of 40.96 points was the biggest loser. The index of ‘others’ group remained stable at 793.02 points throughout the weekdays.
Sensitive index which measures the performance of ‘A’ class companies declined by 2.99 points to close at 192.02 points.
Among the individual companies, Nepal Bank topped both in terms of transaction value and number of traded shares. The bank’s stocks turnover accounted for Rs 508 million from the trading of 1,358,695 shares. Nepal Bank was followed by Nepal Life Insurance Company, Kumari Bank, Nepal Credit and Commerce Bank and Agriculture Development Bank in terms of transaction amount.
Over the period, the shares transaction volume increased by 28.58 percent compared to the previous week. The secondary market observed turnover of Rs 1.99 billion from the trading of 4,474,620 shares. Similarly, the transaction of ‘A’ class companies accounted for Rs 717.2 million which was 36.07 percent of the total transaction worth.
Meanwhile, Nepse registered 2.01 million bonus shares of Sanima Bank, 500,000 ordinary shares of Kalika Micro-credit Development Bank and 200,000 units of ordinary shares of Naya Nepal Development Bank during the review period.
source: the kathmandu post,26 jan 2014
LINK
There have not been much ups and downs in the stock market lately, which stockbrokers say is a sign of stability in the market.
“In the recent time, there has not been any notable change in political arena and the government has not taken any policy decision that can influence market massively,” said Ram Chandra Bhattarai of Aryatara Investment and Securities.
He added that the downfall in Nepse last week could be due to the investors waiting for the companies to release second quarter financial reports. “At the time when many companies are having their book closed to publish their financial report, the investors usually remain in the wait-and-watch mode to choose the companies to invest their money,” said Bhattarai.
Of the nine trading groups, five gained last week as the hydropower companies led the way with 76.76 points. Next to follow are manufacturing, development banks, finance and trading companies.
Bhattarai attributed the announcement of right share issuance by some of the hydropower companies contribute to heavy rise in index of this group. “The announcement for issuing right shares by the hydropower companies like Arun Valley and Butwal Power might have attracted the investors in the segment.”
The indices of hotels, insurance companies and commercial banks fell during the review period. Hotels having downswing of 40.96 points was the biggest loser. The index of ‘others’ group remained stable at 793.02 points throughout the weekdays.
Sensitive index which measures the performance of ‘A’ class companies declined by 2.99 points to close at 192.02 points.
Among the individual companies, Nepal Bank topped both in terms of transaction value and number of traded shares. The bank’s stocks turnover accounted for Rs 508 million from the trading of 1,358,695 shares. Nepal Bank was followed by Nepal Life Insurance Company, Kumari Bank, Nepal Credit and Commerce Bank and Agriculture Development Bank in terms of transaction amount.
Over the period, the shares transaction volume increased by 28.58 percent compared to the previous week. The secondary market observed turnover of Rs 1.99 billion from the trading of 4,474,620 shares. Similarly, the transaction of ‘A’ class companies accounted for Rs 717.2 million which was 36.07 percent of the total transaction worth.
Meanwhile, Nepse registered 2.01 million bonus shares of Sanima Bank, 500,000 ordinary shares of Kalika Micro-credit Development Bank and 200,000 units of ordinary shares of Naya Nepal Development Bank during the review period.
source: the kathmandu post,26 jan 2014
LINK
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