Propelled by the optimism of the upcoming budget, the bull run at the share market continued, with the Nepal Stock Exchange (Nepse) index crossing the 900 point mark to rest at 904.61 points for the week — June 8 to 12.
The benchmark index, which had opened at 879.33 points on Sunday rallied throughout the week. On Wednesday, the index crossed the 900 point mark by mid-day but shed some of the gains to retreat to 899.53 points by the closing. Despite some initial reservations regarding the previous day’s late profit-booking, buying spree of banking scrips helped Nepse gain 5.08 points by Thursday’s closing at over a five-and-a-half-year high.
The Nepse index surged by 25.28 points or 2.87 per cent against the previous week’s closing of 879.33 points.
During the week, the trading floor witnessed 18,867 transactions of 7.90 million shares of 167 companies worth Rs 2.57 billion. The transaction amount was 10.17 per cent higher than the previous week when 14,705 transactions of 5.49 million shares of 172 companies worth Rs 2.30 billion had been undertaken. At Rs 1.14
billion, share trading of blue chip stocks belonging to class ‘A’ companies accounted for 44.77 per cent of the total transaction amount.
The sensitive index, which shows the performance of class ‘A’ stocks, rose 6.4 points to settle at 195.05 points. Meanwhile, the float index that measures the performance of shares actually traded increased by 1.99 points to rest at 62.8 points over the week.
All the subgroups, except for manufacturing, trading and others, recorded gains during the week.
With commercial banks claiming four of the top five spots in terms of turnover, the banking subgroup recorded a gain of 39.94 points over the week. Scrips of Standard Chartered, Nabil and Everest gained Rs 236, Rs 108 and Rs 85 per unit, respectively.
The hotels subgroup more than recovered previous week’s loss of 11.16 points by clocking a whopping 54.49 points gain this time around. Although Taragaon and Oriental recorded losses of Rs nine and Rs five, respectively, the subgroup rallied with shares of Soaltee Hotel gaining Rs 27 per unit to settle at Rs 577 per unit.
The hydropower subgroup also increased by 35.92 points, as Chilime Hydropower Co’s shares went up by Rs 60 to rest at Rs 2,380 per unit and Arun Valley Hydro Co’s stocks rose by Rs two to settle at Rs 430 per unit.
With stocks of Citizen Investment Trust registering Rs 470 per unit gain to close at Rs 4,559, the index of finance subgroup also ascended by 18.52 points.
Similarly, as opposed to a massive decline of 117 points the previous week, the insurance subgroup inched up 0.21 points over the week against previous week’s closing of 3509.82 points. Shares of Life Insurance Co Nepal closed at Rs 3,321 (gain of Rs 71), and that of Himalayan General Insurance closed at Rs 467 (gain of Rs 15), among others.
The development banks’ subgroup also rose 4.29 points with scrips of Apex Development Bank and International Development Bank gaining Rs seven and Rs 10, respectively, over the week.
Conversely, as shares of Bishal Bazar Co Ltd slumped by Rs 19 to close at Rs 1,917 per unit, the trading subgroup declined by 1.60 points.
The manufacturing subgroup retreated by 4.57 points, with stocks of Bottlers Nepal (Terai) Ltd recording a loss of Rs 67 to rest at Rs 1,646.
Meanwhile, as scrips of Nepal Telecom dipped by Rs 10 per unit to rest at Rs 650, it pulled the others subgroup down by 11.75 points.
In terms of number of shares traded, Siddhartha Investment Growth Scheme-1 topped the charts with 1.39 million of its shares changing hands. Century Commercial Bank, which registered 3,681 transactions over the week, was the forerunner in number of transactions.
The top five companies in terms of turnover for the week were NCC Bank (Rs 192.05 million), Chilime Hydropower Co (Rs 181.37 million), Century Commercial Bank (Rs 115.15 million), Nepal Bangladesh Bank (Rs 104.37 million) and Civil Bank (Rs 93.838 million).
source: the himalayan times,14 june 2014
LINK
The benchmark index, which had opened at 879.33 points on Sunday rallied throughout the week. On Wednesday, the index crossed the 900 point mark by mid-day but shed some of the gains to retreat to 899.53 points by the closing. Despite some initial reservations regarding the previous day’s late profit-booking, buying spree of banking scrips helped Nepse gain 5.08 points by Thursday’s closing at over a five-and-a-half-year high.
The Nepse index surged by 25.28 points or 2.87 per cent against the previous week’s closing of 879.33 points.
During the week, the trading floor witnessed 18,867 transactions of 7.90 million shares of 167 companies worth Rs 2.57 billion. The transaction amount was 10.17 per cent higher than the previous week when 14,705 transactions of 5.49 million shares of 172 companies worth Rs 2.30 billion had been undertaken. At Rs 1.14
billion, share trading of blue chip stocks belonging to class ‘A’ companies accounted for 44.77 per cent of the total transaction amount.
The sensitive index, which shows the performance of class ‘A’ stocks, rose 6.4 points to settle at 195.05 points. Meanwhile, the float index that measures the performance of shares actually traded increased by 1.99 points to rest at 62.8 points over the week.
All the subgroups, except for manufacturing, trading and others, recorded gains during the week.
With commercial banks claiming four of the top five spots in terms of turnover, the banking subgroup recorded a gain of 39.94 points over the week. Scrips of Standard Chartered, Nabil and Everest gained Rs 236, Rs 108 and Rs 85 per unit, respectively.
The hotels subgroup more than recovered previous week’s loss of 11.16 points by clocking a whopping 54.49 points gain this time around. Although Taragaon and Oriental recorded losses of Rs nine and Rs five, respectively, the subgroup rallied with shares of Soaltee Hotel gaining Rs 27 per unit to settle at Rs 577 per unit.
The hydropower subgroup also increased by 35.92 points, as Chilime Hydropower Co’s shares went up by Rs 60 to rest at Rs 2,380 per unit and Arun Valley Hydro Co’s stocks rose by Rs two to settle at Rs 430 per unit.
With stocks of Citizen Investment Trust registering Rs 470 per unit gain to close at Rs 4,559, the index of finance subgroup also ascended by 18.52 points.
Similarly, as opposed to a massive decline of 117 points the previous week, the insurance subgroup inched up 0.21 points over the week against previous week’s closing of 3509.82 points. Shares of Life Insurance Co Nepal closed at Rs 3,321 (gain of Rs 71), and that of Himalayan General Insurance closed at Rs 467 (gain of Rs 15), among others.
The development banks’ subgroup also rose 4.29 points with scrips of Apex Development Bank and International Development Bank gaining Rs seven and Rs 10, respectively, over the week.
Conversely, as shares of Bishal Bazar Co Ltd slumped by Rs 19 to close at Rs 1,917 per unit, the trading subgroup declined by 1.60 points.
The manufacturing subgroup retreated by 4.57 points, with stocks of Bottlers Nepal (Terai) Ltd recording a loss of Rs 67 to rest at Rs 1,646.
Meanwhile, as scrips of Nepal Telecom dipped by Rs 10 per unit to rest at Rs 650, it pulled the others subgroup down by 11.75 points.
In terms of number of shares traded, Siddhartha Investment Growth Scheme-1 topped the charts with 1.39 million of its shares changing hands. Century Commercial Bank, which registered 3,681 transactions over the week, was the forerunner in number of transactions.
The top five companies in terms of turnover for the week were NCC Bank (Rs 192.05 million), Chilime Hydropower Co (Rs 181.37 million), Century Commercial Bank (Rs 115.15 million), Nepal Bangladesh Bank (Rs 104.37 million) and Civil Bank (Rs 93.838 million).
source: the himalayan times,14 june 2014
LINK
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