The stock market saw greater fluctuations in the week — July 20 to 24 — hinting towards the possibility of the market stabilising after hefty gains in recent weeks.
Nepal Stock Exchange (Nepse) index jumped 33.2 points compared to the previous week’s close to rest at 1,079.09 points, as hydropower and insurance subgroups declined while finance, banking, hotels and manufacturing subgroups witnessed gains.
“The fluctuation shown by the index hints to the market now stabilising, which is a normal trend even in the international market,” said Bhishma Raj Chalise, CEO of Civil Capital. “This creates opportunities for new investors to enter the market.”
The benchmark index that opened at 1,045.89 points on Sunday rose 30.08 points to rest at 1,075.97 points by the day’s closing. It further went up to 1,083.55 points, the week’s highest and the day the market witnessed record high turnover of Rs 1.20billion, on Monday. However, Nepse index dropped 5.9 points, contracting to 1,077.65 points on Tuesday. The index expanded on Wednesday to 1,081.51 points, before sliding again by 2.42 points to rest at 1,079.09 points for the week.
During the week, the trading floor witnessed 24,759 transactions of 9.07 million shares of 170 companies worth Rs 4.48 billion. The transaction amount is 40.67 per cent more than that of the preceding week when 6.96 million shares of 178 companies worth Rs 3.19 billion were traded in 18,189 transactions.
The sensitive index, a gauge that shows the performance of class ‘A’ stocks, rose by 7.28 points to rest at 231.81 points. Likewise, the float index, which shows the performance of shares actually traded, reached 76.54 points, 2.72 points up from the previous week’s close.
The share value of banking, development banks, finance, manufacturing and production and hotels grew, whereas hydropower subgroup and insurance dropped against the previous week’s close.
Commercial banks swelled by 38.04 points to rest at 995.67 points. Share price of Nepal Investment Bank rose Rs 23 to Rs 1,073 over the week whereas the stock price of Agricultural Development Bank lost Rs 26 over the week to Rs 729.
The hotels subgroup jumped the most with 85.33 points to rest at 2,014.71 points from the previous week’s close. Soaltee Hotel gained Rs 37 per share reaching Rs 629 and scrips of Taragaon Regency increased by Rs two to Rs 320.
Development banks grew 78.15 points, resting at 773.62 points, with share price of Clean Energy Development Bank rising Rs 13 to the previous week’s close of Rs 307.
Likewise, the finance subgroup surged 35.12 points to 553.08 points. Maha Laxmi Finance booked a gain of Rs 20 and Goodwill Finance climbed Rs 19 per share to Rs 400 and Rs 239, respectively.
Similarly, the manufacturing sector rose to 1,186.66 points, ascending 48.38 points, with Unilever Nepal resting at Rs 15,175, gaining Rs 874 per share over the week.
Meanwhile, the hydropower subgroup lost 74.69 points and insurance contracted 8.20 points resting at 3,000.71 points and 4,393.7 points,
respectively. Chilime Hydropower lost Rs 88 per share, descending to Rs 2,650 per unit. Likewise, share price of National Life Insurance slid Rs 25 over the last five trading days and maintained at Rs 2,620 per share. The trading subgroup remained flat over the week.
The others subgroup contracted 2.35 points over the week as Nepal Telecom closed at Rs 642, losing Rs two per share in the week. Stockbrokers predict that the company will continue to shrink unless it brings new schemes.
“The share value of Nepal Telecom is shrinking because it has not introduced anything noteworthy for a long time,” said Chalise.
Nepal Bank Ltd, that traded 1.18 million shares worth nearly Rs 577 million, booked the first place both in terms of amount transacted as well as number of shares traded. Century Commercial Bank remained the most active with 1,219 transactions.
The top five companies of the week in terms of turnover were Nepal Bank (Rs 576.97 million), Chilime Hydropower (Rs 258.88 million),
Kumari Bank (Rs 162.53 million), Lumbini Bank (Rs 138.13 million) and Citizens Bank International (Rs 137.56 million).
source: the himalayan times,26 july 2014
LINK
Nepal Stock Exchange (Nepse) index jumped 33.2 points compared to the previous week’s close to rest at 1,079.09 points, as hydropower and insurance subgroups declined while finance, banking, hotels and manufacturing subgroups witnessed gains.
“The fluctuation shown by the index hints to the market now stabilising, which is a normal trend even in the international market,” said Bhishma Raj Chalise, CEO of Civil Capital. “This creates opportunities for new investors to enter the market.”
The benchmark index that opened at 1,045.89 points on Sunday rose 30.08 points to rest at 1,075.97 points by the day’s closing. It further went up to 1,083.55 points, the week’s highest and the day the market witnessed record high turnover of Rs 1.20billion, on Monday. However, Nepse index dropped 5.9 points, contracting to 1,077.65 points on Tuesday. The index expanded on Wednesday to 1,081.51 points, before sliding again by 2.42 points to rest at 1,079.09 points for the week.
During the week, the trading floor witnessed 24,759 transactions of 9.07 million shares of 170 companies worth Rs 4.48 billion. The transaction amount is 40.67 per cent more than that of the preceding week when 6.96 million shares of 178 companies worth Rs 3.19 billion were traded in 18,189 transactions.
The sensitive index, a gauge that shows the performance of class ‘A’ stocks, rose by 7.28 points to rest at 231.81 points. Likewise, the float index, which shows the performance of shares actually traded, reached 76.54 points, 2.72 points up from the previous week’s close.
The share value of banking, development banks, finance, manufacturing and production and hotels grew, whereas hydropower subgroup and insurance dropped against the previous week’s close.
Commercial banks swelled by 38.04 points to rest at 995.67 points. Share price of Nepal Investment Bank rose Rs 23 to Rs 1,073 over the week whereas the stock price of Agricultural Development Bank lost Rs 26 over the week to Rs 729.
The hotels subgroup jumped the most with 85.33 points to rest at 2,014.71 points from the previous week’s close. Soaltee Hotel gained Rs 37 per share reaching Rs 629 and scrips of Taragaon Regency increased by Rs two to Rs 320.
Development banks grew 78.15 points, resting at 773.62 points, with share price of Clean Energy Development Bank rising Rs 13 to the previous week’s close of Rs 307.
Likewise, the finance subgroup surged 35.12 points to 553.08 points. Maha Laxmi Finance booked a gain of Rs 20 and Goodwill Finance climbed Rs 19 per share to Rs 400 and Rs 239, respectively.
Similarly, the manufacturing sector rose to 1,186.66 points, ascending 48.38 points, with Unilever Nepal resting at Rs 15,175, gaining Rs 874 per share over the week.
Meanwhile, the hydropower subgroup lost 74.69 points and insurance contracted 8.20 points resting at 3,000.71 points and 4,393.7 points,
respectively. Chilime Hydropower lost Rs 88 per share, descending to Rs 2,650 per unit. Likewise, share price of National Life Insurance slid Rs 25 over the last five trading days and maintained at Rs 2,620 per share. The trading subgroup remained flat over the week.
The others subgroup contracted 2.35 points over the week as Nepal Telecom closed at Rs 642, losing Rs two per share in the week. Stockbrokers predict that the company will continue to shrink unless it brings new schemes.
“The share value of Nepal Telecom is shrinking because it has not introduced anything noteworthy for a long time,” said Chalise.
Nepal Bank Ltd, that traded 1.18 million shares worth nearly Rs 577 million, booked the first place both in terms of amount transacted as well as number of shares traded. Century Commercial Bank remained the most active with 1,219 transactions.
The top five companies of the week in terms of turnover were Nepal Bank (Rs 576.97 million), Chilime Hydropower (Rs 258.88 million),
Kumari Bank (Rs 162.53 million), Lumbini Bank (Rs 138.13 million) and Citizens Bank International (Rs 137.56 million).
source: the himalayan times,26 july 2014
LINK
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