The stock market index has crossed 551 points once again, thanks to the
rising share prices of commercial banks and Nepal Telecom.
The benchmark index recorded a gain of more than six points. Nepal Telecom’s share price went up by Rs 11 per unit, which pushed the stock index up. In addition, the increment of share prices of Prime Commercial Bank and Nepal Bangladesh Bank also helped the upward movement of the index.
Rumours regarding a Vietnamese bank investing in Prime Commercial Bank has pushed up the bank’s share prices. The bank’s 41,984 unit shares worth Rs 13.4 million were traded in 171 transactions today.
The index had reached 555.73 points on February 17, following the finalisation of the formation of a national consensus government under the leadership of the Chief Justice.
However, the stay above 550 points only lasted a day as it slipped the very next day. Moreover, the index had been unable to stay above 550 points for more than two days since then.
Back in mid-September, the benchmark index crossed 552 points but it slumped below 550 points on the second day. Also, in August-end, the index could not stay above 550 points for more than two days, despite, continuous dividend declarations.
The biggest earning subgroup of the day was Nepal Telecom. Hotels was the loser of the day as Soaltee Hotel lost Rs 25 per unit pushing the subgroup down by 411.78 points.
Today 472,869 unit shares worth Rs 109.7 million of 84 companies were traded in 1391 transactions. The market capitalisation of the stock exchange increased to Rs 554.8 billion today.
source: the himalayan times,6 Oct 2013
LINK
The benchmark index recorded a gain of more than six points. Nepal Telecom’s share price went up by Rs 11 per unit, which pushed the stock index up. In addition, the increment of share prices of Prime Commercial Bank and Nepal Bangladesh Bank also helped the upward movement of the index.
Rumours regarding a Vietnamese bank investing in Prime Commercial Bank has pushed up the bank’s share prices. The bank’s 41,984 unit shares worth Rs 13.4 million were traded in 171 transactions today.
The index had reached 555.73 points on February 17, following the finalisation of the formation of a national consensus government under the leadership of the Chief Justice.
However, the stay above 550 points only lasted a day as it slipped the very next day. Moreover, the index had been unable to stay above 550 points for more than two days since then.
Back in mid-September, the benchmark index crossed 552 points but it slumped below 550 points on the second day. Also, in August-end, the index could not stay above 550 points for more than two days, despite, continuous dividend declarations.
The biggest earning subgroup of the day was Nepal Telecom. Hotels was the loser of the day as Soaltee Hotel lost Rs 25 per unit pushing the subgroup down by 411.78 points.
Today 472,869 unit shares worth Rs 109.7 million of 84 companies were traded in 1391 transactions. The market capitalisation of the stock exchange increased to Rs 554.8 billion today.
source: the himalayan times,6 Oct 2013
LINK
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