Nepal Stock Exchange (Nepse) last week inched 6.84 points up.
The market, which opened at 769.14 points on Monday fell 13.47 points on Tuesday. Stockbrokers said the market may have fallen due to the Nepal Rastra Bank’s move to cap margin lending of banks. “There was no other particular reason contributing to the abrupt fall of the benchmark index,” said Satish Kumar Shrestha of Siprabi Securities.
The market, however, recovered 9.23 points on Wednesday and 11.08 points on Thursday.
Of the nine trading groups, five posted gains. The hotels group, up 52.55 points, led the gainers side comprising hydropower companies, insurance companies, commercial banks and finance companies. Two groups — ‘others’ and development banks — were among the losers. Indices of manufacturing and trading groups were stable at 933.30 points and 179.71 points respectively.
Shrestha said investors’ attraction towards life-insurance companies was growing. “However, the demand for non-life insurance shares has declined of late.”
The sensitive index, which measures the performance of ‘A’ class companies, increased 2.08 points to close at 184.91 points.
Nepal Life Insurance Company posted the highest individual transaction of Rs 111.347 million. It was followed by Chilime Hydropower, Everest Bank, Rural Microfinance Development Centre and Nepal Bank. Grand Bank topped in terms of the number of shares traded (224,658 units of promoters’ shares).
Despite an increase in the Nepse index, the overall market transaction dropped 29.44 percent to Rs 908.9 million from the previous week’s Rs 1.28 billion. The number of shares traded also fell to 1,858,184 units from 3,089,120 units.
According to Shrestha, the transaction amount could have decreased as a number of investors were now holding money after profit booking. “They are in a wait-and-see mode. They are waiting for a political consensus on local body elections,” he said. Meanwhile, rights and bonus shares of six companies were listed on the exchange last week. The companies
include Bhrikuti Development Bank, Chhimek Microfinance Development Bank, Garima Development Bank, Shine Resunga Development Bank and Global IME Bank.
source: the kathmandu post,23 march 2014
LINK
The market, which opened at 769.14 points on Monday fell 13.47 points on Tuesday. Stockbrokers said the market may have fallen due to the Nepal Rastra Bank’s move to cap margin lending of banks. “There was no other particular reason contributing to the abrupt fall of the benchmark index,” said Satish Kumar Shrestha of Siprabi Securities.
The market, however, recovered 9.23 points on Wednesday and 11.08 points on Thursday.
Of the nine trading groups, five posted gains. The hotels group, up 52.55 points, led the gainers side comprising hydropower companies, insurance companies, commercial banks and finance companies. Two groups — ‘others’ and development banks — were among the losers. Indices of manufacturing and trading groups were stable at 933.30 points and 179.71 points respectively.
Shrestha said investors’ attraction towards life-insurance companies was growing. “However, the demand for non-life insurance shares has declined of late.”
The sensitive index, which measures the performance of ‘A’ class companies, increased 2.08 points to close at 184.91 points.
Nepal Life Insurance Company posted the highest individual transaction of Rs 111.347 million. It was followed by Chilime Hydropower, Everest Bank, Rural Microfinance Development Centre and Nepal Bank. Grand Bank topped in terms of the number of shares traded (224,658 units of promoters’ shares).
Despite an increase in the Nepse index, the overall market transaction dropped 29.44 percent to Rs 908.9 million from the previous week’s Rs 1.28 billion. The number of shares traded also fell to 1,858,184 units from 3,089,120 units.
According to Shrestha, the transaction amount could have decreased as a number of investors were now holding money after profit booking. “They are in a wait-and-see mode. They are waiting for a political consensus on local body elections,” he said. Meanwhile, rights and bonus shares of six companies were listed on the exchange last week. The companies
include Bhrikuti Development Bank, Chhimek Microfinance Development Bank, Garima Development Bank, Shine Resunga Development Bank and Global IME Bank.
source: the kathmandu post,23 march 2014
LINK
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