Positive political cues helped the Nepal Stock Exchange (Nepse) index
rise and stay above 900 points in the week — December 28 to January 1.
“The news of a four-member taskforce working on ironing out contentious issues regarding new constitution helped boost investor confidence,” said Narayan Ghimire, head of CIT’s merchant banking unit.
The benchmark index that had opened at 887.8 points on Sunday had surged by 15.92 points by the day’s closing. On Monday, it added another 3.51 points. The market remained closed on Tuesday for Lhosar. On Wednesday, the Nepse index dipped by 4.9 points but went up again by 1.35 points on Thursday.
Week-on-week, the local bourse recorded a gain of 15.88 points or 1.79 per cent to settle at 903.68 points for the week.
Stock market witnessed trading of 2.79 million units of shares of 154 companies worth Rs 1.07 billion through 8,492 transactions. The traded amount was 72.48 per cent higher than the preceding week when 1.42 million shares of 162 companies worth Rs 623.69 million through 7,620 transactions had been undertaken.
The sensitive index, which shows the performance of class ‘A’ stocks, rose by 3.36 points to 193.93 points. Similarly, the float index that measures the performance of shares actually traded also went up by 1.06 points to 63.12 points, in the week.
“Even with sufficient liquidity, stock market is seeing less participation as investors are wary about current political scenario,” said Bhishma Raj Chalise, chief executive of Civil Capital.
The manufacturing subgroup declined by 8.15 points to rest at 1,257.38 points, weighed down by Himalayan Distillery’s share price tumbling to Rs 438 (down Rs 35).
On the other hand, all the remaining subgroups recorded gains in the week.
Banking subgroup rose by 15.03 points to 800.75 points. Nabil Bank’s shares went up by Rs 19 to Rs 1,875 and Himalayan Bank’s by Rs 15 to Rs 760, among others.
The insurance subgroup increased by a massive 87.78 points to 3,792.47 points on the back of share price of Rastriya Beema Sansthan going up by Rs 850 to Rs 5,800, and that of Premier Insurance rising by Rs 64 to Rs 845, among others.
The hotels subgroup, which had dived by 90.02 points in the previous week ascended by 37.91 points to 2,003.51 points this time around. Soaltee’s shares were valued at Rs 470, up Rs 13 while Oriental’s scrips gained one rupee to close at Rs 617.
Development banks went up by 20.94 points to 688.05 points. Yeti Development Bank’s share value went up by two rupees to Rs 125 and Apex Development Bank’s by four rupees to Rs 122, among others.
The hydropower subgroup also witnessed double digit growth of 17.71 points to settle at 2,221.89 points as Chilime’s share price went up by Rs 17 to Rs 1,672.
The sub-index of finance companies closed at 473.17 points, up 8.16 points with the share value of Citizen Investment Trust rising by Rs 150 to Rs 2,980.
Nepal Telecom’s share value going up by three rupees to Rs 604 helped the others subgroup add 3.53 points to rest at 709.61 points.
Trading, which had managed to remain constant in the preceding week, inched up 2.36 points to 184.32 points.
Nepal Bank made the highest turnover of Rs 230.37 million in the week, followed by Nepal SBI Bank (Rs 76.43 million), Nepal Life Insurance Co’s promoter shares (Rs 61.05 million), Everest Bank (Rs 59.26 million) and Chilime Hydropower (Rs 46.3 million).
Nepal Bank also topped the list in terms of number of shares traded, with 682,000 of its scrips changing hands. Similarly, recording 691 dealings, Century Commercial Bank was the forerunner in the number of transactions.
According to Ghimire, even as stock brokers are reporting selling pressure, the benchmark index should not fall below 850 points in the coming week.
source: the himalayan times, 3 jan 2015
LINK
“The news of a four-member taskforce working on ironing out contentious issues regarding new constitution helped boost investor confidence,” said Narayan Ghimire, head of CIT’s merchant banking unit.
The benchmark index that had opened at 887.8 points on Sunday had surged by 15.92 points by the day’s closing. On Monday, it added another 3.51 points. The market remained closed on Tuesday for Lhosar. On Wednesday, the Nepse index dipped by 4.9 points but went up again by 1.35 points on Thursday.
Week-on-week, the local bourse recorded a gain of 15.88 points or 1.79 per cent to settle at 903.68 points for the week.
Stock market witnessed trading of 2.79 million units of shares of 154 companies worth Rs 1.07 billion through 8,492 transactions. The traded amount was 72.48 per cent higher than the preceding week when 1.42 million shares of 162 companies worth Rs 623.69 million through 7,620 transactions had been undertaken.
The sensitive index, which shows the performance of class ‘A’ stocks, rose by 3.36 points to 193.93 points. Similarly, the float index that measures the performance of shares actually traded also went up by 1.06 points to 63.12 points, in the week.
“Even with sufficient liquidity, stock market is seeing less participation as investors are wary about current political scenario,” said Bhishma Raj Chalise, chief executive of Civil Capital.
The manufacturing subgroup declined by 8.15 points to rest at 1,257.38 points, weighed down by Himalayan Distillery’s share price tumbling to Rs 438 (down Rs 35).
On the other hand, all the remaining subgroups recorded gains in the week.
Banking subgroup rose by 15.03 points to 800.75 points. Nabil Bank’s shares went up by Rs 19 to Rs 1,875 and Himalayan Bank’s by Rs 15 to Rs 760, among others.
The insurance subgroup increased by a massive 87.78 points to 3,792.47 points on the back of share price of Rastriya Beema Sansthan going up by Rs 850 to Rs 5,800, and that of Premier Insurance rising by Rs 64 to Rs 845, among others.
The hotels subgroup, which had dived by 90.02 points in the previous week ascended by 37.91 points to 2,003.51 points this time around. Soaltee’s shares were valued at Rs 470, up Rs 13 while Oriental’s scrips gained one rupee to close at Rs 617.
Development banks went up by 20.94 points to 688.05 points. Yeti Development Bank’s share value went up by two rupees to Rs 125 and Apex Development Bank’s by four rupees to Rs 122, among others.
The hydropower subgroup also witnessed double digit growth of 17.71 points to settle at 2,221.89 points as Chilime’s share price went up by Rs 17 to Rs 1,672.
The sub-index of finance companies closed at 473.17 points, up 8.16 points with the share value of Citizen Investment Trust rising by Rs 150 to Rs 2,980.
Nepal Telecom’s share value going up by three rupees to Rs 604 helped the others subgroup add 3.53 points to rest at 709.61 points.
Trading, which had managed to remain constant in the preceding week, inched up 2.36 points to 184.32 points.
Nepal Bank made the highest turnover of Rs 230.37 million in the week, followed by Nepal SBI Bank (Rs 76.43 million), Nepal Life Insurance Co’s promoter shares (Rs 61.05 million), Everest Bank (Rs 59.26 million) and Chilime Hydropower (Rs 46.3 million).
Nepal Bank also topped the list in terms of number of shares traded, with 682,000 of its scrips changing hands. Similarly, recording 691 dealings, Century Commercial Bank was the forerunner in the number of transactions.
According to Ghimire, even as stock brokers are reporting selling pressure, the benchmark index should not fall below 850 points in the coming week.
source: the himalayan times, 3 jan 2015
LINK
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