Nepal Stock Exchange (Nepse) surged 11.97 points last week to close at 821.18 points.The secondary market, which opened at 809.21 points on Sunday, fell marginally on Monday, before gaining 7.4 points and 4.93 points on Tuesday and Wednesday, respectively.
Stockbrokers said initiatives taken by CDS and Clearing Limited to introduce online clearing system could have helped the market grow. “Amid surplus liquidity with banks, CDS’ move could have added fuel,” said Megh Nath Upadhyaya of Primo Securities.
CDS has recently asked listed companies to dematerialise of their share certificates within the next three months to go completely into paperless clearing.
Growth in the insurance sub-indices also pushed up the benchmark Nepse index. The insurance companies group saw a whopping 222.92 points growth.
Upadhyaya said increasing business of insurance companies could have attracted investors.
“Also, chances are high the regulator could ask insurance companies to further raise their paid-up capital,” he said. “So investors are also hoping for bonus share issuance.”
Indices of hotels and manufacturing companies also posted double-digit gains of 85.13 and 78.46 points, respectively. Of the nine trading groups, only hydropower companies posted loss (down 23.43 points).
‘Others’ and trading groups were stable at 769.53 points and 179.70 points, respectively.
The sensitive index, which measures the performance of ‘A’ class companies, inched 2.09 points up to close at 192.81 points.
Chilime Hydropower Company posted the highest individual transaction of Rs 106.683 million. Nepal Life Insurance, National Life Insurance, Life Insurance Company Nepal and Nepal Bangladesh Bank rounded out the top five in terms of turnover. Nabil Balanced Fund topped in terms of the number of shares traded (179,360 units).
Despite the rise in Nepse index, the overall market transaction dipped 12.17 percent to Rs 1.09 billion from Rs 1.22 billion. The number of traded shares fell to 2,136,980 from 3,029,956 units. Transaction of ‘A’ class companies amounted to Rs 621 million, 56.76 percent of the total transaction.
source: the kathmandu post,27 april 2014
LINK
Stockbrokers said initiatives taken by CDS and Clearing Limited to introduce online clearing system could have helped the market grow. “Amid surplus liquidity with banks, CDS’ move could have added fuel,” said Megh Nath Upadhyaya of Primo Securities.
CDS has recently asked listed companies to dematerialise of their share certificates within the next three months to go completely into paperless clearing.
Growth in the insurance sub-indices also pushed up the benchmark Nepse index. The insurance companies group saw a whopping 222.92 points growth.
Upadhyaya said increasing business of insurance companies could have attracted investors.
“Also, chances are high the regulator could ask insurance companies to further raise their paid-up capital,” he said. “So investors are also hoping for bonus share issuance.”
Indices of hotels and manufacturing companies also posted double-digit gains of 85.13 and 78.46 points, respectively. Of the nine trading groups, only hydropower companies posted loss (down 23.43 points).
‘Others’ and trading groups were stable at 769.53 points and 179.70 points, respectively.
The sensitive index, which measures the performance of ‘A’ class companies, inched 2.09 points up to close at 192.81 points.
Chilime Hydropower Company posted the highest individual transaction of Rs 106.683 million. Nepal Life Insurance, National Life Insurance, Life Insurance Company Nepal and Nepal Bangladesh Bank rounded out the top five in terms of turnover. Nabil Balanced Fund topped in terms of the number of shares traded (179,360 units).
Despite the rise in Nepse index, the overall market transaction dipped 12.17 percent to Rs 1.09 billion from Rs 1.22 billion. The number of traded shares fell to 2,136,980 from 3,029,956 units. Transaction of ‘A’ class companies amounted to Rs 621 million, 56.76 percent of the total transaction.
source: the kathmandu post,27 april 2014
LINK
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