News and speculations regarding political developments dampened the mood of stock investors, resulting in the Nepal Stock Exchange (Nepse) index closing below 900 points again.
The benchmark index that had opened at 903.89 points on Sunday retreated by 7.28 points by the day’s closing. On Monday and Tuesday, the slide continued with Nepse shedding 11.17 points and 8.23 points, respectively. Even though it rose by 10.59 points on Wednesday, the accumulative loss of 26.68 points weighed on the performance.
Week-on-week, the local bourse dropped by 16.09 points or 1.7 per cent to rest at 887.8 points, from December 21 to 24. The country’s only secondary market remained closed on Thursday due to Christmas holiday.
The stock market witnessed trading of 1.42 million shares worth Rs 623.69 million of 161 companies through 7,622 transactions in the week. The traded amount was over 45 per cent less than the previous week when 3.23 million shares worth Rs 1.14 billion of 167 companies through 9,419 transactions had been undertaken.
The sensitive index, which shows the performance of class ‘A’ stocks, declined by 3.67 points to 190.57 points. Similarly, the float index that measures the performance of shares actually traded also shed 1.04 points to land at 62.06 points in the week.
Apart from trading, which managed to remain constant at 181.96 points, all the subgroups ended up recording losses during the week.
The hotels subgroup, which had gained massive 146.47 points in the preceding week dived by 90.02 points to 1,965.6 points, with Oriental’s share value dipping by Rs 32 to Rs 616.
After surging by 114.61 points in the preceding week, the insurance subgroup retracted to its losing streak, plunging 50.27 points to 3,704.69 points. The share price of Life Insurance Co Nepal took a beating by Rs 168 to Rs 3,022 while that of National Life Insurance by Rs 20 to Rs 2,130, among others.
The hydropower subgroup landed at 2,204.18 points, down 37.07 points on back of Chilime losing Rs 16 to close at Rs 1,655, and Butwal Power’s shares settling at Rs 560, less Rs 32 compared to previous week.
Manufacturing subgroup contracted by 20.04 points to 1,265.52 points as Unilever Nepal’s share price went down by Rs 350 to Rs 15,150.
The banking subgroup declined by 16.06 points to 785.72 points. Nabil’s shares took a thrashing by Rs 82 to rest at Rs 1,856, among others.
Nepal Telecom’s shares valued at Rs 601, less Rs 11 dragged others subgroup down by 12.92 points to 706.08 points.
Finance and development banks subgroups managed to limit their losses to single digits, dipping by 8.39 points to 465.01 points and by 3.02 points to 667.11 points, respectively.
source:the himalayan times,27 dec 2014
LINK
The benchmark index that had opened at 903.89 points on Sunday retreated by 7.28 points by the day’s closing. On Monday and Tuesday, the slide continued with Nepse shedding 11.17 points and 8.23 points, respectively. Even though it rose by 10.59 points on Wednesday, the accumulative loss of 26.68 points weighed on the performance.
Week-on-week, the local bourse dropped by 16.09 points or 1.7 per cent to rest at 887.8 points, from December 21 to 24. The country’s only secondary market remained closed on Thursday due to Christmas holiday.
The stock market witnessed trading of 1.42 million shares worth Rs 623.69 million of 161 companies through 7,622 transactions in the week. The traded amount was over 45 per cent less than the previous week when 3.23 million shares worth Rs 1.14 billion of 167 companies through 9,419 transactions had been undertaken.
The sensitive index, which shows the performance of class ‘A’ stocks, declined by 3.67 points to 190.57 points. Similarly, the float index that measures the performance of shares actually traded also shed 1.04 points to land at 62.06 points in the week.
Apart from trading, which managed to remain constant at 181.96 points, all the subgroups ended up recording losses during the week.
The hotels subgroup, which had gained massive 146.47 points in the preceding week dived by 90.02 points to 1,965.6 points, with Oriental’s share value dipping by Rs 32 to Rs 616.
After surging by 114.61 points in the preceding week, the insurance subgroup retracted to its losing streak, plunging 50.27 points to 3,704.69 points. The share price of Life Insurance Co Nepal took a beating by Rs 168 to Rs 3,022 while that of National Life Insurance by Rs 20 to Rs 2,130, among others.
The hydropower subgroup landed at 2,204.18 points, down 37.07 points on back of Chilime losing Rs 16 to close at Rs 1,655, and Butwal Power’s shares settling at Rs 560, less Rs 32 compared to previous week.
Manufacturing subgroup contracted by 20.04 points to 1,265.52 points as Unilever Nepal’s share price went down by Rs 350 to Rs 15,150.
The banking subgroup declined by 16.06 points to 785.72 points. Nabil’s shares took a thrashing by Rs 82 to rest at Rs 1,856, among others.
Nepal Telecom’s shares valued at Rs 601, less Rs 11 dragged others subgroup down by 12.92 points to 706.08 points.
Finance and development banks subgroups managed to limit their losses to single digits, dipping by 8.39 points to 465.01 points and by 3.02 points to 667.11 points, respectively.
source:the himalayan times,27 dec 2014
LINK
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