Nepal Stock Exchange (Nepse) index went up 4.58 points this week to close at 824 points on Wednesday-the last trading day of the week. This is the second straight weekly gains in the secondary market. The Nepse benchmark index had posted a gain of 11.97 points last week also.
According to stock brokers, this gain is a normal fluctuation in the capital market. “The market had gone into the bullish trend due to the positive political environment and the liquidity surplus in the market last year as well as the initial few months of the year.
Later, we has seen some correction also in the Nepse due to the profit booking sentiment of the investors,” said Narendra Raj Sijapati, president of Stock Brokers Association of Nepal, adding, “Now the market is stable. We can expect further growth in coming weeks.”
The Insurance group dominated the gaining side with its sub-index climbing up highest by 85.37 points to close at 3471.38 points. This was followed by Manufacturing and Processing and Development Banks groups. Their sub-indices went up 8.14 and 5.76 points, respectively, settling at 1084.1 and 528.57 points. Finance and Others groups also gained 4.62 and 3.52 points, respectively, closing at 406.47 and 767.17 points. Though the commercial banks have started publishing their third quarterly financial reports which showcased their profits in last six months, the Commercial Banks group sub-index inched up marginal 0.72 points to finish at 717.09.
Hotel and Hydropower groups, however, ended in the red zone this week. Their sub-indices dropped 23.89 and 17.23 points, respectively, settling at 1700.35 and 2262.33 points. There was no any change in the sub-index of Trading group this week.
A total of 2,827,860 units of shares of 162 companies worth Rs 1.39 billion were traded in the secondary market this week through 9,282 transactions. The turnover is 27.08 percent higher than the total transaction amount of last week. The market remained closed on Thursday due to the public holiday of International Labor Day, opening for four days only.Nepal Life Insurance Company topped the list of companies this week in terms of turnover (Rs 138.83 million), while National Hydropower Company was at the top on the basis of number of shares traded (468,589 units). Likewise, Chilime Hydropower made it to the top this week in terms of number of transactions (432).
source: republica,2 may 2014
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According to stock brokers, this gain is a normal fluctuation in the capital market. “The market had gone into the bullish trend due to the positive political environment and the liquidity surplus in the market last year as well as the initial few months of the year.
Later, we has seen some correction also in the Nepse due to the profit booking sentiment of the investors,” said Narendra Raj Sijapati, president of Stock Brokers Association of Nepal, adding, “Now the market is stable. We can expect further growth in coming weeks.”
The Insurance group dominated the gaining side with its sub-index climbing up highest by 85.37 points to close at 3471.38 points. This was followed by Manufacturing and Processing and Development Banks groups. Their sub-indices went up 8.14 and 5.76 points, respectively, settling at 1084.1 and 528.57 points. Finance and Others groups also gained 4.62 and 3.52 points, respectively, closing at 406.47 and 767.17 points. Though the commercial banks have started publishing their third quarterly financial reports which showcased their profits in last six months, the Commercial Banks group sub-index inched up marginal 0.72 points to finish at 717.09.
Hotel and Hydropower groups, however, ended in the red zone this week. Their sub-indices dropped 23.89 and 17.23 points, respectively, settling at 1700.35 and 2262.33 points. There was no any change in the sub-index of Trading group this week.
A total of 2,827,860 units of shares of 162 companies worth Rs 1.39 billion were traded in the secondary market this week through 9,282 transactions. The turnover is 27.08 percent higher than the total transaction amount of last week. The market remained closed on Thursday due to the public holiday of International Labor Day, opening for four days only.Nepal Life Insurance Company topped the list of companies this week in terms of turnover (Rs 138.83 million), while National Hydropower Company was at the top on the basis of number of shares traded (468,589 units). Likewise, Chilime Hydropower made it to the top this week in terms of number of transactions (432).
source: republica,2 may 2014
LINK
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