Continuing its losing streak, Nepal Stock Exchange (Nepse) last week dropped 16.38 points to close at 904.92 points.
The market, which opened at 921.3 points on Sunday, dived 17.27 points on Monday. It lost 6.57 on Tuesday, before recovering some points in the last two days.
Anjan Raj Paudel, managing director of Thrive Brokerage House, attributed the fall to recent political situation, in which parties are at variance over whether to settle differences over the content of the new constitution through voting.
“At a time when factors like CDS and Clearing’s announcement of carrying out paperless transaction of commercial banks’ stocks are confusing investors, the latest political development has further hit investor sentiment,” he said.
Except for manufacturing, all other trading groups lost points. Insurance companies (down 131.98 points) led the losers side comprising hotels, hydropower, commercial banks, finance companies, development banks and ‘others’.
The manufacturing sub-index was up 8.05 points, while the trading’ group remained stable at 186.81 points. The sensitive index, which tracks blue chips, slid 3.39 points to close at 192.69 points. Chilime Hydropower Company posted the highest individual turnover of Rs 91.33 million. It was followed by Nabil Bank (promoter’s shares), Nepal Life Insurance, Nabil Bank and National Life Insurance.
Over the review period, the transaction volume, however, increased 8.21 percent to Rs 1.08 billion. The number of shares traded also rose to 2,400,930 units from 2,024,160 units.
source: the kathmandu post,9 nov 2014
LINK
The market, which opened at 921.3 points on Sunday, dived 17.27 points on Monday. It lost 6.57 on Tuesday, before recovering some points in the last two days.
Anjan Raj Paudel, managing director of Thrive Brokerage House, attributed the fall to recent political situation, in which parties are at variance over whether to settle differences over the content of the new constitution through voting.
“At a time when factors like CDS and Clearing’s announcement of carrying out paperless transaction of commercial banks’ stocks are confusing investors, the latest political development has further hit investor sentiment,” he said.
Except for manufacturing, all other trading groups lost points. Insurance companies (down 131.98 points) led the losers side comprising hotels, hydropower, commercial banks, finance companies, development banks and ‘others’.
The manufacturing sub-index was up 8.05 points, while the trading’ group remained stable at 186.81 points. The sensitive index, which tracks blue chips, slid 3.39 points to close at 192.69 points. Chilime Hydropower Company posted the highest individual turnover of Rs 91.33 million. It was followed by Nabil Bank (promoter’s shares), Nepal Life Insurance, Nabil Bank and National Life Insurance.
Over the review period, the transaction volume, however, increased 8.21 percent to Rs 1.08 billion. The number of shares traded also rose to 2,400,930 units from 2,024,160 units.
source: the kathmandu post,9 nov 2014
LINK
Comments
Post a Comment