Stock prices started rearing up as investors tried to take advantage of the ongoing lowered prices this week — January 5 to 9.The benchmark index rose by 9.12 points, that is 1.2 per cent, this week. It reached 772.59 points by the end after approaching 750 points during intraweek trading.
As the stock market went through a corrective mode for almost three weeks, investors started picking up shares at the current prices with the expectation that it will go higher in the coming days. Moreover, investors who have borrowed from financial institutions against shares as collateral also tend to hike share prices right at the end of each quarter to avoid margin call.
The market opened at 763.47 points on Sunday afternoon and slipped to 758.13 points by the time of closing. The index slumped to 757.01 points by Tuesday. However, the consecutive fall in share prices attracted ‘buying’, which pushed the index up to 772.59 points in last two trading days of week.
This week, turnover recorded a 13.36 per cent gain in comparison to last week. The stock exchange witnessed trading of 3.4 million units of shares worth Rs 1.64 billion of 130 companies in 11,776 transactions. Last week, the stock market saw trading of 3.5 million unit shares worth Rs 1.45 billion.
Share trading of blue chip stocks belonging to class ‘A’ companies comprised of 45.40 per cent of total transaction, amounting to Rs 746 million. Sensitive index increased by 1.64 points. Likewise, float index went up by 0.76 points to 51.84 points.
This week, most subgroups recorded gains while trading, hotels and manufacturing subgroups ended up in red. The insurance subgroup was the biggest earner of the week that gained 98 points. Nepal Life Insurance, National Life Insurance, NLG Insurance earned Rs 50, Rs 186 and Rs 18, among others.
Hydropower companies such as Butwal Power Company and Arun Valley Hydropower earned Rs 45 and Rs 18 per unit, respectively, pulling the subgroup index up by 12.6 points. Nabil Bank and Himalayan Bank earned Rs 47 and Rs 18 per unit, respectively, among others, pushing the banking index up by 6.89 points.
Likewise, Nepal Telecom’s share price went up by Rs three bringing others subgroup up by 3.62 points. Finance companies and development banks also recorded gains of 3.15 points and 12.12 points. Soaltee Hotel lost Rs 35 per unit pulling the hotel index down by 28 points despite the gain made by Oriental Hotels. Likewise, manufacturing and trading index also declined by 0.06 points and 3.04 points.
This week, Citizens Bank International topped charts in terms of transaction volume with trading worth Rs 158.3 million.
Nabil Balanced Fund I was the forerunner in terms of number of shares traded with trading of 334,344 units. In number of transactions, Agricultural Development Bank was the forerunner with 923 transactions.
source: the himalayan times,11 jan 2014
LINK
As the stock market went through a corrective mode for almost three weeks, investors started picking up shares at the current prices with the expectation that it will go higher in the coming days. Moreover, investors who have borrowed from financial institutions against shares as collateral also tend to hike share prices right at the end of each quarter to avoid margin call.
The market opened at 763.47 points on Sunday afternoon and slipped to 758.13 points by the time of closing. The index slumped to 757.01 points by Tuesday. However, the consecutive fall in share prices attracted ‘buying’, which pushed the index up to 772.59 points in last two trading days of week.
This week, turnover recorded a 13.36 per cent gain in comparison to last week. The stock exchange witnessed trading of 3.4 million units of shares worth Rs 1.64 billion of 130 companies in 11,776 transactions. Last week, the stock market saw trading of 3.5 million unit shares worth Rs 1.45 billion.
Share trading of blue chip stocks belonging to class ‘A’ companies comprised of 45.40 per cent of total transaction, amounting to Rs 746 million. Sensitive index increased by 1.64 points. Likewise, float index went up by 0.76 points to 51.84 points.
This week, most subgroups recorded gains while trading, hotels and manufacturing subgroups ended up in red. The insurance subgroup was the biggest earner of the week that gained 98 points. Nepal Life Insurance, National Life Insurance, NLG Insurance earned Rs 50, Rs 186 and Rs 18, among others.
Hydropower companies such as Butwal Power Company and Arun Valley Hydropower earned Rs 45 and Rs 18 per unit, respectively, pulling the subgroup index up by 12.6 points. Nabil Bank and Himalayan Bank earned Rs 47 and Rs 18 per unit, respectively, among others, pushing the banking index up by 6.89 points.
Likewise, Nepal Telecom’s share price went up by Rs three bringing others subgroup up by 3.62 points. Finance companies and development banks also recorded gains of 3.15 points and 12.12 points. Soaltee Hotel lost Rs 35 per unit pulling the hotel index down by 28 points despite the gain made by Oriental Hotels. Likewise, manufacturing and trading index also declined by 0.06 points and 3.04 points.
This week, Citizens Bank International topped charts in terms of transaction volume with trading worth Rs 158.3 million.
Nabil Balanced Fund I was the forerunner in terms of number of shares traded with trading of 334,344 units. In number of transactions, Agricultural Development Bank was the forerunner with 923 transactions.
source: the himalayan times,11 jan 2014
LINK
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