Initial profit-booking could not dampen the market rally as the Nepal Stock Exchange (Nepse) index surged by 9.81 points or 1.06 per cent week-on-week to rest at 936.31 points, from June 23 to 26.
The benchmark index, which had opened at 926.5 points on Monday as the market was closed on Sunday due to a public holiday, declined by 8.92 points during the day. This was mostly due to profit-booking as investors sought to capitalise on the previous gains. However, Nepse recovered the loss in the remaining trading days, with a steady rise of 5.36, 9.25 and 4.12 points on Tuesday, Wednesday and Thursday, respectively.
During the week, the trading floor witnessed 13,098 transactions of 12.47 million shares of 166 companies worth Rs 2.20 billion. In the previous week, 19,216 transactions of 7.79 million shares of 171 companies worth Rs 2.83 billion had been undertaken. The transaction amount this week was 22.52 per cent less. Share trading of blue chip stocks belonging to class ‘A’ companies accounted for Rs 740.65 million or 33.79 per cent of the total transaction amount.
The sensitive index rose by 1.41 points to settle at 200.9 points. Meanwhile, the float index increased by 0.72 points to rest at 65.44 points over the week.
The banking subgroup rose by 3.75 points over the week, with scrips of Nabil Bank registering a gain of Rs 31, Standard Chartered’s going up by Rs 52, and that of Nepal Bank by Rs 26.Recovering from slump of 5.51 points in the previous week, the hydropower subgroup climbed 34.48 points in the week. Chilime Hydropower Co’s shares were up by Rs 38, National Hydropower Co’s by Rs 15 and Sanima Mai’s by Rs four, by the week’s closing.
Although Oriental’s shares took a beating by Rs 17, the hotels subgroup was salvaged by scrips of Taragaon Regency going up by Rs 30 and Soaltee gaining Rs four. Hence, the subgroup went up by 19.58 points in the week.
The insurance subgroup also continued to rally, adding 135.53 points. The gain was backed by Nepal Life’s shares gaining Rs 155, and National Life’s scrips trading at Rs 50 higher.
The subgroup of development banks also clocked a gain of 13.15 points, with scrips of institutions like Yeti Development Bank and Clean Energy Development Bank resting at Rs 174 (gain of Rs 33) and Rs 275 (up Rs 17), respectively.
Likewise, with firms like Citizen Investment Trust, Narayani National Finance Co and Maha Laxmi Finance gaining Rs 50, Rs 30 and Rs 20, respectively, the index of finance subgroup also rose by 3.99 points.
Shares of Nepal Telecom inched up by Rs three, pushing the others subgroup up by 3.52 points.
Shares of Bishal Bazar Co went up by Rs 34 to close at Rs 1,950 per unit, causing the trading subgroup to rise by 2.87 points.
Contrary to the previous week when the manufacturing subgroup had ascended by 3.99 points, the index retreated by 12.54 points as the stocks of Unilever Nepal lost Rs 291 to rest at Rs 14,550 per unit.
In terms of number of shares traded, Nabil Balanced Fund-I topped the charts again with 2.83 million of its shares changing hands. Similarly, Century Commercial Bank also retained its top position in terms of number of transactions, registering 1,715 transactions over the week.
The top five companies in terms of turnover for the week were Nepal Bank (Rs 153.30 million), Chilime Hydropower (Rs 153.12 million), Nepal Bangladesh Bank (Rs 109.72 million), National Hydropower Company (Rs 107.67 million) and Citizen Investment Trust (Rs 68.65 million).
source:the himalayan times,28 june 2014
LINK
The benchmark index, which had opened at 926.5 points on Monday as the market was closed on Sunday due to a public holiday, declined by 8.92 points during the day. This was mostly due to profit-booking as investors sought to capitalise on the previous gains. However, Nepse recovered the loss in the remaining trading days, with a steady rise of 5.36, 9.25 and 4.12 points on Tuesday, Wednesday and Thursday, respectively.
During the week, the trading floor witnessed 13,098 transactions of 12.47 million shares of 166 companies worth Rs 2.20 billion. In the previous week, 19,216 transactions of 7.79 million shares of 171 companies worth Rs 2.83 billion had been undertaken. The transaction amount this week was 22.52 per cent less. Share trading of blue chip stocks belonging to class ‘A’ companies accounted for Rs 740.65 million or 33.79 per cent of the total transaction amount.
The sensitive index rose by 1.41 points to settle at 200.9 points. Meanwhile, the float index increased by 0.72 points to rest at 65.44 points over the week.
The banking subgroup rose by 3.75 points over the week, with scrips of Nabil Bank registering a gain of Rs 31, Standard Chartered’s going up by Rs 52, and that of Nepal Bank by Rs 26.Recovering from slump of 5.51 points in the previous week, the hydropower subgroup climbed 34.48 points in the week. Chilime Hydropower Co’s shares were up by Rs 38, National Hydropower Co’s by Rs 15 and Sanima Mai’s by Rs four, by the week’s closing.
Although Oriental’s shares took a beating by Rs 17, the hotels subgroup was salvaged by scrips of Taragaon Regency going up by Rs 30 and Soaltee gaining Rs four. Hence, the subgroup went up by 19.58 points in the week.
The insurance subgroup also continued to rally, adding 135.53 points. The gain was backed by Nepal Life’s shares gaining Rs 155, and National Life’s scrips trading at Rs 50 higher.
The subgroup of development banks also clocked a gain of 13.15 points, with scrips of institutions like Yeti Development Bank and Clean Energy Development Bank resting at Rs 174 (gain of Rs 33) and Rs 275 (up Rs 17), respectively.
Likewise, with firms like Citizen Investment Trust, Narayani National Finance Co and Maha Laxmi Finance gaining Rs 50, Rs 30 and Rs 20, respectively, the index of finance subgroup also rose by 3.99 points.
Shares of Nepal Telecom inched up by Rs three, pushing the others subgroup up by 3.52 points.
Shares of Bishal Bazar Co went up by Rs 34 to close at Rs 1,950 per unit, causing the trading subgroup to rise by 2.87 points.
Contrary to the previous week when the manufacturing subgroup had ascended by 3.99 points, the index retreated by 12.54 points as the stocks of Unilever Nepal lost Rs 291 to rest at Rs 14,550 per unit.
In terms of number of shares traded, Nabil Balanced Fund-I topped the charts again with 2.83 million of its shares changing hands. Similarly, Century Commercial Bank also retained its top position in terms of number of transactions, registering 1,715 transactions over the week.
The top five companies in terms of turnover for the week were Nepal Bank (Rs 153.30 million), Chilime Hydropower (Rs 153.12 million), Nepal Bangladesh Bank (Rs 109.72 million), National Hydropower Company (Rs 107.67 million) and Citizen Investment Trust (Rs 68.65 million).
source:the himalayan times,28 june 2014
LINK
Comments
Post a Comment