Nepal Stock Exchange (Nepse) index went down by 2.26 points this week to
close at 899.89 points on Thursday -- the last trading day of the week.
Stock brokers term it as normal phenomenon ahead of the festive season which is considered as a selling period of investors.
“The market was stable lately. This period is the considered the selling season when investors look to sell their stocks to generate money,” Anjan Raj Poudyal, former president of Stock Brokers Association of Nepal (SBAN), told Republica. Poudyal, who is also the CEO of Thrive Brokerage House, hoped that the announcement of attractive returns to shareholders by banks and financial institutions (BFIs) will help to rejuvenate the market. “I do not see the possibility of the market seeing major fluctuations at least for few weeks,” he added.
Though the market went up in the first three trading days of the week, the benchmark index dived in the last two days.
Majority of the trading groups ended on the red zone this week. The Hydropower group went down by the highest 86.22 points to end the week at 2,292.46 points. Manufacturing and Processing, and ‘Others’ groups shed 10.52 and 5.88 points, respectively, to close at 1,172.08 points and 716.65 points. Finance and Banking sub-indices were also down 5.14 points and 2.7 points, respectively, to close the week’s trading at 489.24 points and 805.76 points.
Insurance group was the highest gainer of the week as its sub-index jumped 54.09 points to close at 3,595.62 points. Hotels and Development Bank followed suit, gaining 38.31 and 8.19 points, respectively, to close the week at 1,828.31 points and 678.94 points. The ‘Trading’ group remained unchanged this week.
A total of 4.2 million units of shares of 160 companies worth Rs 1.86 billion were traded in the bourse this week through 14,604 transactions.
Following the announcement of hefty stock dividends to their shareholders, Kumari Bank and NCC Bank remained at the first and second position, respectively, in the list of companies in terms of total turnover.
source: republica,19 sept 2014
LINK
Stock brokers term it as normal phenomenon ahead of the festive season which is considered as a selling period of investors.
“The market was stable lately. This period is the considered the selling season when investors look to sell their stocks to generate money,” Anjan Raj Poudyal, former president of Stock Brokers Association of Nepal (SBAN), told Republica. Poudyal, who is also the CEO of Thrive Brokerage House, hoped that the announcement of attractive returns to shareholders by banks and financial institutions (BFIs) will help to rejuvenate the market. “I do not see the possibility of the market seeing major fluctuations at least for few weeks,” he added.
Though the market went up in the first three trading days of the week, the benchmark index dived in the last two days.
Majority of the trading groups ended on the red zone this week. The Hydropower group went down by the highest 86.22 points to end the week at 2,292.46 points. Manufacturing and Processing, and ‘Others’ groups shed 10.52 and 5.88 points, respectively, to close at 1,172.08 points and 716.65 points. Finance and Banking sub-indices were also down 5.14 points and 2.7 points, respectively, to close the week’s trading at 489.24 points and 805.76 points.
Insurance group was the highest gainer of the week as its sub-index jumped 54.09 points to close at 3,595.62 points. Hotels and Development Bank followed suit, gaining 38.31 and 8.19 points, respectively, to close the week at 1,828.31 points and 678.94 points. The ‘Trading’ group remained unchanged this week.
A total of 4.2 million units of shares of 160 companies worth Rs 1.86 billion were traded in the bourse this week through 14,604 transactions.
Following the announcement of hefty stock dividends to their shareholders, Kumari Bank and NCC Bank remained at the first and second position, respectively, in the list of companies in terms of total turnover.
source: republica,19 sept 2014
LINK
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