The bull run in the market has resumed its rally on expectations of a stock price surge with the end of another political deadlock this week — January 12 to 16.
The benchmark index rose by 21.8 points — 2.8 per cent — on the week’s trading. It reached 794.39 points by end of the week.
After the confusion regarding who would call the Constituent Assembly meeting got resolved last week, with Chairman of Council of Ministers Khil Raj Regmi calling the first meeting on January 22, the stock prices were northbound. Investors started to bet on share prices, with expectations of political clarity leading to timely drafting of the constitution and the end of the transitional period.
The market opened at 772.59 points on Sunday afternoon and surged to 781.96 points by the time of closing. The index stead-ily climbed in the next three days. On Thursday’s intraday trading, the index had crossed 800 points but selling pressure in late trading pulled it down. By the end of the week, the benchmark index rested at 794.39 points.
However, this week market turnover declined by 5.84 per cent as compared to last week. The stock exchange’s floor witnessed trading of 3.1 million unit shares worth Rs 1.54 billion of 137 companies in 9,876 transactions. Last week, the stock market saw trading of 3.4 million unit shares worth Rs 1.64 billion.
Share trading of blue chip stocks belonging to class ‘A’ companies comprised of 47.57 per cent of total transactions, amounting to Rs 736 million. The sensitive index that shows the performance of class ‘A’ stocks increased by 4.79 points. Likewise, the float index that measures the performance of shares actually traded also went up by 1.16 points to 53 points.
This week, all the subgroups — except for manufacturing — recorded gains.Hotels was the biggest earner, with a gain of 109 points. Soaltee Hotel’s share price increased by Rs 36, and Oriental Hotel and Taragaon Regency also recorded gains of Rs six and Rs 13 per unit share, respectively.
Hydropower companies —Butwal Power Company and Chilime Hydropower — earned Rs 191 and Rs 48 per unit, respectively, pulling the subgroup index up by 107.8 points. The insurance subgroup also recorded a gain of 98 points with Nepal Life Insurance, National Life Insurance and Alliance Insurance earning Rs 90, Rs 97, Rs 60, per unit share, respectively, among others.
Banks such as Nabil Bank and Nepal Investment Bank earned Rs 27 and Rs 28, respectively, pushing the banking index up by 17.32 points.
Likewise, Nepal Telecom’s share price went up by Rs nine, bringing the others subgroup up by 10.51 points. Finance companies and development banks also recorded an earning of 5.16 points and 23.05 points, respectively. However, the manufacturing index declined by 10.12 points.
This week, Kumari Bank topped the charts in terms of transaction volume and number of shares traded, with trading of 288,800 unit shares worth Rs 160.5 million. In number of transactions, Agricultural Development Bank was the forerunner with 575 transactions.
The top five companies this week in terms of transaction volume were Kumari Bank (Rs 160.5 million), Nepal Bangladesh Bank (Rs 112.9 million), Nabil Bank Promoter Share (Rs 81.14 million), Machchhapuchhre Bank (Rs 81.5 million) and Nepal Life Insurance Company (Rs 67.02 million).
This week, 10.55 million units of ordinary shares of Sanima Mai Hydropower Company were listed at Nepse, making it the fifth hydropower company at the stock exchange.
source: the himalayan times,18 jan 2014
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The benchmark index rose by 21.8 points — 2.8 per cent — on the week’s trading. It reached 794.39 points by end of the week.
After the confusion regarding who would call the Constituent Assembly meeting got resolved last week, with Chairman of Council of Ministers Khil Raj Regmi calling the first meeting on January 22, the stock prices were northbound. Investors started to bet on share prices, with expectations of political clarity leading to timely drafting of the constitution and the end of the transitional period.
The market opened at 772.59 points on Sunday afternoon and surged to 781.96 points by the time of closing. The index stead-ily climbed in the next three days. On Thursday’s intraday trading, the index had crossed 800 points but selling pressure in late trading pulled it down. By the end of the week, the benchmark index rested at 794.39 points.
However, this week market turnover declined by 5.84 per cent as compared to last week. The stock exchange’s floor witnessed trading of 3.1 million unit shares worth Rs 1.54 billion of 137 companies in 9,876 transactions. Last week, the stock market saw trading of 3.4 million unit shares worth Rs 1.64 billion.
Share trading of blue chip stocks belonging to class ‘A’ companies comprised of 47.57 per cent of total transactions, amounting to Rs 736 million. The sensitive index that shows the performance of class ‘A’ stocks increased by 4.79 points. Likewise, the float index that measures the performance of shares actually traded also went up by 1.16 points to 53 points.
This week, all the subgroups — except for manufacturing — recorded gains.Hotels was the biggest earner, with a gain of 109 points. Soaltee Hotel’s share price increased by Rs 36, and Oriental Hotel and Taragaon Regency also recorded gains of Rs six and Rs 13 per unit share, respectively.
Hydropower companies —Butwal Power Company and Chilime Hydropower — earned Rs 191 and Rs 48 per unit, respectively, pulling the subgroup index up by 107.8 points. The insurance subgroup also recorded a gain of 98 points with Nepal Life Insurance, National Life Insurance and Alliance Insurance earning Rs 90, Rs 97, Rs 60, per unit share, respectively, among others.
Banks such as Nabil Bank and Nepal Investment Bank earned Rs 27 and Rs 28, respectively, pushing the banking index up by 17.32 points.
Likewise, Nepal Telecom’s share price went up by Rs nine, bringing the others subgroup up by 10.51 points. Finance companies and development banks also recorded an earning of 5.16 points and 23.05 points, respectively. However, the manufacturing index declined by 10.12 points.
This week, Kumari Bank topped the charts in terms of transaction volume and number of shares traded, with trading of 288,800 unit shares worth Rs 160.5 million. In number of transactions, Agricultural Development Bank was the forerunner with 575 transactions.
The top five companies this week in terms of transaction volume were Kumari Bank (Rs 160.5 million), Nepal Bangladesh Bank (Rs 112.9 million), Nabil Bank Promoter Share (Rs 81.14 million), Machchhapuchhre Bank (Rs 81.5 million) and Nepal Life Insurance Company (Rs 67.02 million).
This week, 10.55 million units of ordinary shares of Sanima Mai Hydropower Company were listed at Nepse, making it the fifth hydropower company at the stock exchange.
source: the himalayan times,18 jan 2014
LINK
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