The benchmark index shook off its losing streak after three long weeks as hydropower stocks dominated trading in the market this week — February 2 to 6.
On the week’s trading, the Nepse index climbed by five points — 0.6 per cent. It reached 786.52 points by the end of the week. The prolonged bearish share prices started to rear up as investors swooped in to take advantage of lowered prices.
During the week, stocks of hydro companies contributed one-fourth of the total trading. The subgroup has a mere five companies with market capital-isation of less than 10 per cent of the total market capitalisation of the stock exchange. The trading of hydro stocks in the week stood at Rs 285 million, while the total trading registered was worth Rs 1.2 billion. Moreover, the three companies among the top five in terms of weekly turnover were hydropower firms.
Investors bought hydropower stocks as the book closure date of Arun Valley Hydropower Company and Butwal Power Company fell in the week. Both the companies have offered rights shares to investors, which attracted heavy transactions.
The stock exchange’s floor witnessed trading of 3.3 million unit shares worth Rs 1.21 billion in 13,148 transactions. Last week, the stock market saw trading of 3.16 million unit shares worth Rs 1.1 billion in 9,903 transactions. This week’s turnover was 8.7 per cent higher than that of last week.
Along with the Nepse index, the sensitive index that shows the performance of blue chip stocks increased by 0.36 points. Share trading of class ‘A’ companies was worth Rs 518.5 million, comprising of 42.81 per cent of total trading. Likewise, the float index that measures the performance of shares actually traded went up by 0.33 points to 52.49 points.
The market, which had opened at 781.46 points on Sunday, slipped to 777.53 points when the market closed for the day. The next day, the index continued its slide. However, from Tuesday, the stock index started to rise which continued till the end of the week as it rested at 786.52 points.
Subgroups such as banking, others and hotels ended up registering losses in the week’s trading.
The biggest earner of the week was the insurance subgroup that recorded a gain of 59.58 points as LIC Nepal and NLG Insurance earned Rs 171 and Rs 15 per unit, respectively. Hydropower companies also earned 53 points as Arun Valley Hydropower and Sanima Mai Hydropower recorded gains of Rs 50 and Rs 34 per unit. However, Butwal Power Company’s price plunged by Rs 425 after its book closure.
Finance companies and development banks also recorded a gain of 16.25 points and 4.08 points, respectively.
Nepal Telecom lost Rs three per unit share, pulling the others subgroup down by 3.53 points. Banking lost 1.9 points with Standard Chartered Bank and Everest Bank losing Rs 15 and Rs 65 per unit, respectively. Hotels also registered a loss of 3.53 points.
This week, Arun Valley Hydropower Company topped the charts in terms of transaction volume with trading of shares worth Rs 109.1 million. In number of shares traded, Nabil Balanced Fund I was the forerunner with trading of 808,826 units. In number of transactions, Sanima Mai Hydropower was the leader with 3,106 transactions.
The top five companies this week in terms of transaction volume were Arun Valley Hydropower (Rs 109.1 million), Sanima Mai Hydropower (Rs 90.8 million), Nepal Life Insurance Company (Rs 66.7 million), Nepal Bangladesh Bank (Rs 51.6 million) and Chilime Hydropower Company (Rs 48.7 million).
source: the himalayan times,8 feb 2014
LINK
On the week’s trading, the Nepse index climbed by five points — 0.6 per cent. It reached 786.52 points by the end of the week. The prolonged bearish share prices started to rear up as investors swooped in to take advantage of lowered prices.
During the week, stocks of hydro companies contributed one-fourth of the total trading. The subgroup has a mere five companies with market capital-isation of less than 10 per cent of the total market capitalisation of the stock exchange. The trading of hydro stocks in the week stood at Rs 285 million, while the total trading registered was worth Rs 1.2 billion. Moreover, the three companies among the top five in terms of weekly turnover were hydropower firms.
Investors bought hydropower stocks as the book closure date of Arun Valley Hydropower Company and Butwal Power Company fell in the week. Both the companies have offered rights shares to investors, which attracted heavy transactions.
The stock exchange’s floor witnessed trading of 3.3 million unit shares worth Rs 1.21 billion in 13,148 transactions. Last week, the stock market saw trading of 3.16 million unit shares worth Rs 1.1 billion in 9,903 transactions. This week’s turnover was 8.7 per cent higher than that of last week.
Along with the Nepse index, the sensitive index that shows the performance of blue chip stocks increased by 0.36 points. Share trading of class ‘A’ companies was worth Rs 518.5 million, comprising of 42.81 per cent of total trading. Likewise, the float index that measures the performance of shares actually traded went up by 0.33 points to 52.49 points.
The market, which had opened at 781.46 points on Sunday, slipped to 777.53 points when the market closed for the day. The next day, the index continued its slide. However, from Tuesday, the stock index started to rise which continued till the end of the week as it rested at 786.52 points.
Subgroups such as banking, others and hotels ended up registering losses in the week’s trading.
The biggest earner of the week was the insurance subgroup that recorded a gain of 59.58 points as LIC Nepal and NLG Insurance earned Rs 171 and Rs 15 per unit, respectively. Hydropower companies also earned 53 points as Arun Valley Hydropower and Sanima Mai Hydropower recorded gains of Rs 50 and Rs 34 per unit. However, Butwal Power Company’s price plunged by Rs 425 after its book closure.
Finance companies and development banks also recorded a gain of 16.25 points and 4.08 points, respectively.
Nepal Telecom lost Rs three per unit share, pulling the others subgroup down by 3.53 points. Banking lost 1.9 points with Standard Chartered Bank and Everest Bank losing Rs 15 and Rs 65 per unit, respectively. Hotels also registered a loss of 3.53 points.
This week, Arun Valley Hydropower Company topped the charts in terms of transaction volume with trading of shares worth Rs 109.1 million. In number of shares traded, Nabil Balanced Fund I was the forerunner with trading of 808,826 units. In number of transactions, Sanima Mai Hydropower was the leader with 3,106 transactions.
The top five companies this week in terms of transaction volume were Arun Valley Hydropower (Rs 109.1 million), Sanima Mai Hydropower (Rs 90.8 million), Nepal Life Insurance Company (Rs 66.7 million), Nepal Bangladesh Bank (Rs 51.6 million) and Chilime Hydropower Company (Rs 48.7 million).
source: the himalayan times,8 feb 2014
LINK
Comments
Post a Comment