Nepal Stock Exchange (Nepse) last week surged 11.2 points to close at
939.53 points amid increased investment from institutional investors.
The market, which opened at 928.33 points on Sunday, lost 0.53 points on Monday, before gaining 9.68 points and 2.05 points on Tuesday and Wednesday, respectively.
Ananta Kumar Poudyal, managing director of Online Securities, said an increase in investment by mutual funds and insurance companies boosted the market.
Two months ago, the Insurance Board increased the limit for the insurance companies to invest in shares of banks and hydropower companies to 15 percent of their insurance funds from 10 percent.
Of the nine trading groups, six posted gains. The insurance sub-index, up 81.13 points, was the top gainer, followed by manufacturing, finance companies, ‘others’, development banks and commercial banks. Hotels, hydropower companies and trading were among the losers.
The sensitive index, which measures the performance of blue chips, rose 2.21 points to 200.09 points.
National Life Insurance posted the highest individual transaction of Rs 86.75 million.
It was followed by Nepal Life Insurance, Sanima Mai Hydropower, Citizen Investment Trust and Prabhu Bank. Prabhu Bank (promoters’ shares) topped in terms of the number of shares traded (228,000 units).
Despite the surge in the benchmark index, the market transaction declined 31.39 percent to Rs 986.3 million. The number of shares traded too decreased to 2,558,140 units from 4,510,930 units.
source: the kathmandu post,18 jan 2015
LINK
The market, which opened at 928.33 points on Sunday, lost 0.53 points on Monday, before gaining 9.68 points and 2.05 points on Tuesday and Wednesday, respectively.
Ananta Kumar Poudyal, managing director of Online Securities, said an increase in investment by mutual funds and insurance companies boosted the market.
Two months ago, the Insurance Board increased the limit for the insurance companies to invest in shares of banks and hydropower companies to 15 percent of their insurance funds from 10 percent.
Of the nine trading groups, six posted gains. The insurance sub-index, up 81.13 points, was the top gainer, followed by manufacturing, finance companies, ‘others’, development banks and commercial banks. Hotels, hydropower companies and trading were among the losers.
The sensitive index, which measures the performance of blue chips, rose 2.21 points to 200.09 points.
National Life Insurance posted the highest individual transaction of Rs 86.75 million.
It was followed by Nepal Life Insurance, Sanima Mai Hydropower, Citizen Investment Trust and Prabhu Bank. Prabhu Bank (promoters’ shares) topped in terms of the number of shares traded (228,000 units).
Despite the surge in the benchmark index, the market transaction declined 31.39 percent to Rs 986.3 million. The number of shares traded too decreased to 2,558,140 units from 4,510,930 units.
source: the kathmandu post,18 jan 2015
LINK
Comments
Post a Comment