News of political parties working in conjunction to forge consensus on disputed issues of the constitution fuelled investor optimism, with the Nepal Stock Exchange (Nepse) index surging by 27.29
points or 3.02 per cent week-on-week — January 4 to 8 — to rest at
930.97 points.
The benchmark index that had opened at 903.68 points on Sunday went up by 13.82 points — the biggest gain recorded in the week — by the day’s closing. The rally continued on Monday as well, with Nepse ticking up by 2.27 points. Profit-booking on Tuesday, however, caused the index to shed 2.36 points.On Wednesday and Thursday, the local bourse bounced back and continued northbound, adding 7.13 points and 6.43 points, respectively.
The stock market witnessed trading of 4.51 million units of shares of 170 companies worth Rs 1.44 billion through 11,836 transactions. The transaction amount was 33.88 per cent higher than the previous week.
Sensitive index rose by 4.99 points to 198.92 points. Similarly, float index also increased by 1.97 points to 65.09 points.
All the subgroups landed in the green zone in the week, with the insurance subgroup leading the pack, rising by a massive 225.83 points to 4,018.3 points. Rastriya Beema Sansthan’s shares closed at Rs 6,050, up Rs 250 and Nepal Life Insurance’s rested at Rs 4,400, up Rs 328.
The hotels and hydropower subgroups rallied almost neck and neck, gaining 74.29 points and 73.05 points to 1,280.94 points and 2,294.94 points.
Development banks rose by 33.03 points to 721.08 points, with Summit Micro Finance Development Bank’s shares resting at Rs 1,288, a rise of Rs 206 and Nerude Laghubita Bikas Bank’s going up by Rs 218 to Rs 1,263.
More than making up for previous week’s decline, manufacturing subgroup climbed 23.56 points to 1,280.94 points.
Banking, the subgroup with highest stake in market capitalisation, ascended 19.08 points to 819.83 points. Himalayan Bank’s share value went up by Rs 55 to Rs 815, while that of Nepal Investment Bank by Rs 17 to Rs 735, among others.
Others subgroup went up by 9.39 points to 719 points on the back of Nepal Telecom’s share price rising by eight rupees to Rs 612. Similarly, finance subgroup rose by 7.66 points to 480.83 points as Citizen Investment Trust’s scrips landed at Rs 3,056, Rs 76 more than previous week’s close. Trading subgroup too inched up a marginal 0.76 points to 185.08 points.
Prabhu Bank made the highest turnover of Rs 140.06 million in the week, followed by Nepal Life Insurance (Rs 76.15 million), National Life Insurance (Rs 67.57 million), Everest Bank (Rs 65.81 million) and NB Insurance Promoter Share (Rs 52.73 million).
Prabhu Bank was also the forerunner in number of transactions, recording 853 deals. NB Insurance Promoter Share topped list in terms of number of shares traded, with 646,000 of its scrips changing hands.
source: the himalayan times,10 jan 2015
LINK
The benchmark index that had opened at 903.68 points on Sunday went up by 13.82 points — the biggest gain recorded in the week — by the day’s closing. The rally continued on Monday as well, with Nepse ticking up by 2.27 points. Profit-booking on Tuesday, however, caused the index to shed 2.36 points.On Wednesday and Thursday, the local bourse bounced back and continued northbound, adding 7.13 points and 6.43 points, respectively.
The stock market witnessed trading of 4.51 million units of shares of 170 companies worth Rs 1.44 billion through 11,836 transactions. The transaction amount was 33.88 per cent higher than the previous week.
Sensitive index rose by 4.99 points to 198.92 points. Similarly, float index also increased by 1.97 points to 65.09 points.
All the subgroups landed in the green zone in the week, with the insurance subgroup leading the pack, rising by a massive 225.83 points to 4,018.3 points. Rastriya Beema Sansthan’s shares closed at Rs 6,050, up Rs 250 and Nepal Life Insurance’s rested at Rs 4,400, up Rs 328.
The hotels and hydropower subgroups rallied almost neck and neck, gaining 74.29 points and 73.05 points to 1,280.94 points and 2,294.94 points.
Development banks rose by 33.03 points to 721.08 points, with Summit Micro Finance Development Bank’s shares resting at Rs 1,288, a rise of Rs 206 and Nerude Laghubita Bikas Bank’s going up by Rs 218 to Rs 1,263.
More than making up for previous week’s decline, manufacturing subgroup climbed 23.56 points to 1,280.94 points.
Banking, the subgroup with highest stake in market capitalisation, ascended 19.08 points to 819.83 points. Himalayan Bank’s share value went up by Rs 55 to Rs 815, while that of Nepal Investment Bank by Rs 17 to Rs 735, among others.
Others subgroup went up by 9.39 points to 719 points on the back of Nepal Telecom’s share price rising by eight rupees to Rs 612. Similarly, finance subgroup rose by 7.66 points to 480.83 points as Citizen Investment Trust’s scrips landed at Rs 3,056, Rs 76 more than previous week’s close. Trading subgroup too inched up a marginal 0.76 points to 185.08 points.
Prabhu Bank made the highest turnover of Rs 140.06 million in the week, followed by Nepal Life Insurance (Rs 76.15 million), National Life Insurance (Rs 67.57 million), Everest Bank (Rs 65.81 million) and NB Insurance Promoter Share (Rs 52.73 million).
Prabhu Bank was also the forerunner in number of transactions, recording 853 deals. NB Insurance Promoter Share topped list in terms of number of shares traded, with 646,000 of its scrips changing hands.
source: the himalayan times,10 jan 2015
LINK
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