Prospects of a pro-market budget fuelled investor confidence as the Nepal Stock Exchange (Nepse)’s index recorded an upsurge to rest at 879.33 points for the week — June 1 to 5.
The benchmark index, which had opened at 866.57 points on Sunday, had escalated by 2.16 points by the time of closing. On Monday and Tuesday, it continued to rise, rallying by 10.99 points and 4.53 points, respectively. However, as investors took to profit-booking on Wednesday and Thursday, index shed some of its gains.
Still, the Nepse index clocked an increase of 12.76 points or 1.47 per cent compared to the previous week’s closing. During the week, the trading floor witnessed 14,705 transactions of 5.49 million shares worth Rs 2.30 billion of 172 companies. The transaction amount was 76.73 per cent higher than the previous week when 8,372 transactions of 3.10 million shares worth Rs 1.31 billion of 158 companies had been undertaken.
Share trading of blue chip stocks belonging to class ‘A’ companies accounted for 49.75 per cent of total transaction, amounting to Rs 1.14
billion. The sensitive index, which shows the performance of class ‘A’ stocks, rose by 3.81 points to settle at 188.65 points. Meanwhile, the float index that measures the performance of shares actually traded increased by 1.25 points over the week.
By the time the market closed for the week, subgroups like manufacturing, hotels, insurance, development banks and others ended in the red, primarily due to profit-booking. However, the index buoyed with banking, hydropower, finance and trading subgroups in the green.
The banking subgroup recorded a whopping gain of 28.65 points over the week as scrips of Standard Chartered and Nabil gained Rs 134 and Rs 67, respectively.
The hydropower subgroup also increased by 23.09 points, riding on Chilime Hydropower Co’s shares going up by Rs 30 to rest at Rs 2,320 per unit and Arun Valley Hydro Co’s stocks rising by Rs 17 to settle at Rs 428 per unit.
With stocks of Citizens Investment Trust registering a gain of Rs 189 per unit to close at Rs 4,089, the index of finance subgroup also ascended by 11.52 points. As Bishal Bazar Co gained Rs 44 to close at Rs 1,936 per unit, the trading subgroup also climbed 3.71 points in the week.
On the flip side, the insurance subgroup recorded a massive decline of 117 points with Nepal Life and National Life taking a beating of Rs 160 and Rs 60 per unit, respectively, among others. The manufacturing subgroup retreated by 31.14 points, with stocks of Unilever Nepal recording a loss of Rs 600 per unit to rest at Rs 14,800.
The hotels subgroup that had registered a gain of 45.34 points in the previous week ended in the red this time around, taking a dive by 11.16 points. Soaltee Hotel’s closing price holding steady at Rs 550 could not save the slide as Oriental Hotel closed at Rs 721 (loss of Rs 28) and Taragaon at Rs 315 (loss of Re one).
Meanwhile, as scrips of Nepal Telecom — the company with the highest market capitalisation in the stock market — dipped by Rs four per unit to rest at Rs 660, it pulled the others subgroup down by 4.7 points. Similar was the fate of the development banks’ subgroup, which retreated by 3.84 points as stocks of Subhechha Bikas Bank slumped by Rs 25 per unit, and that of Kasthamandap Development Bank by Rs four per unit, among others.
Chilime Hydropower topped the charts this week in terms of highest turnover. Altogether, 121,315 units of its shares worth Rs 287.55 million were traded through 868 transactions. The other top companies in terms of turnover during the week were Nepal Credit and Commerce Bank (Rs 123.84 million), National Hydropower (Rs 96.12 million), Nepal Bangladesh Bank (Rs 85.55 million) and Siddhartha Bank (Rs 84.48).
In the week, Century Commercial Bank listed 20 million ordinary shares in the stock market.
source: the himalayan times,7 june 2014
LINK
The benchmark index, which had opened at 866.57 points on Sunday, had escalated by 2.16 points by the time of closing. On Monday and Tuesday, it continued to rise, rallying by 10.99 points and 4.53 points, respectively. However, as investors took to profit-booking on Wednesday and Thursday, index shed some of its gains.
Still, the Nepse index clocked an increase of 12.76 points or 1.47 per cent compared to the previous week’s closing. During the week, the trading floor witnessed 14,705 transactions of 5.49 million shares worth Rs 2.30 billion of 172 companies. The transaction amount was 76.73 per cent higher than the previous week when 8,372 transactions of 3.10 million shares worth Rs 1.31 billion of 158 companies had been undertaken.
Share trading of blue chip stocks belonging to class ‘A’ companies accounted for 49.75 per cent of total transaction, amounting to Rs 1.14
billion. The sensitive index, which shows the performance of class ‘A’ stocks, rose by 3.81 points to settle at 188.65 points. Meanwhile, the float index that measures the performance of shares actually traded increased by 1.25 points over the week.
By the time the market closed for the week, subgroups like manufacturing, hotels, insurance, development banks and others ended in the red, primarily due to profit-booking. However, the index buoyed with banking, hydropower, finance and trading subgroups in the green.
The banking subgroup recorded a whopping gain of 28.65 points over the week as scrips of Standard Chartered and Nabil gained Rs 134 and Rs 67, respectively.
The hydropower subgroup also increased by 23.09 points, riding on Chilime Hydropower Co’s shares going up by Rs 30 to rest at Rs 2,320 per unit and Arun Valley Hydro Co’s stocks rising by Rs 17 to settle at Rs 428 per unit.
With stocks of Citizens Investment Trust registering a gain of Rs 189 per unit to close at Rs 4,089, the index of finance subgroup also ascended by 11.52 points. As Bishal Bazar Co gained Rs 44 to close at Rs 1,936 per unit, the trading subgroup also climbed 3.71 points in the week.
On the flip side, the insurance subgroup recorded a massive decline of 117 points with Nepal Life and National Life taking a beating of Rs 160 and Rs 60 per unit, respectively, among others. The manufacturing subgroup retreated by 31.14 points, with stocks of Unilever Nepal recording a loss of Rs 600 per unit to rest at Rs 14,800.
The hotels subgroup that had registered a gain of 45.34 points in the previous week ended in the red this time around, taking a dive by 11.16 points. Soaltee Hotel’s closing price holding steady at Rs 550 could not save the slide as Oriental Hotel closed at Rs 721 (loss of Rs 28) and Taragaon at Rs 315 (loss of Re one).
Meanwhile, as scrips of Nepal Telecom — the company with the highest market capitalisation in the stock market — dipped by Rs four per unit to rest at Rs 660, it pulled the others subgroup down by 4.7 points. Similar was the fate of the development banks’ subgroup, which retreated by 3.84 points as stocks of Subhechha Bikas Bank slumped by Rs 25 per unit, and that of Kasthamandap Development Bank by Rs four per unit, among others.
Chilime Hydropower topped the charts this week in terms of highest turnover. Altogether, 121,315 units of its shares worth Rs 287.55 million were traded through 868 transactions. The other top companies in terms of turnover during the week were Nepal Credit and Commerce Bank (Rs 123.84 million), National Hydropower (Rs 96.12 million), Nepal Bangladesh Bank (Rs 85.55 million) and Siddhartha Bank (Rs 84.48).
In the week, Century Commercial Bank listed 20 million ordinary shares in the stock market.
source: the himalayan times,7 june 2014
LINK
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