Turnover at Nepal Stock Exchange (Nepse) jumped 91.70 percent to Rs 3.58
billion last week. The number of shares traded too rose almost
threefold to 11,178,300 units.
Stockbrokers attributed the surge to the formation of the questionnaire committee for the constitution writing process.
“Besides, the market was able to attract a huge number of individual investors due to good quarterly reports, and low interest rates,” Rabindra Prasad Nuchchhe Pradhan, managing director of Premier Securities.
The benchmark Nepse index rose 17.61 points to close the week at 986.66 points. The market, which opened at 969.05 points on Sunday, lost 0.42 points on Monday, before gaining 6.51points and 12.93 points for two consecutive days. However, it again dipped 1.41 points on Thursday.
Of the nine trading groups, four posted gains. The hydropower group (up 42.5 points) was the top gainer, followed by commercial banks, development banks and finance companies.
Hotels (down 40.75 points) led the losers’ side comprising others, insurance companies and manufacturing.
The trading sub-index was stable at 183.05 points. The sensitive index that measures the performance of blue chips rose 3.92 points to 211.05 points.
Nepal Investment Bank (promoter’s shares) led in terms of both individual transaction and the number shares traded.
The bank registered a turnover of Rs 1.831 billion from the trading of 4,498,000 shares. In terms of the transaction amount, Prabhu Bank (promoter’s shares), Prabhu Bank (general shares), Grand Bank and Everest Bank rounded out the top five.
TOP FIVE COMPANIES IN TERMS OF TURNOVER
Company Turnover (in Rs millions)
Nepal Investment Bank (Pro) 1,831.31
Prabhu Bank (Pro) 228.63
Prabhu Bank 140.28
Grand Bank 73.3
Everest Bank 58.04
SECTORS THAT WENT went up
Sector Points Gained
Hydropower Companies 42.5
Commercial Banks 25.66
Development Banks 22.8
Finance Companies 12.78
SECTORS THAT WENT went down
Sector Points Gained
Hotels 40.75
Others 11.74
Insurance Companies 6.16
Manufacturing 0.69
source: the kathmandu post,1 feb 2015
LINK
Stockbrokers attributed the surge to the formation of the questionnaire committee for the constitution writing process.
“Besides, the market was able to attract a huge number of individual investors due to good quarterly reports, and low interest rates,” Rabindra Prasad Nuchchhe Pradhan, managing director of Premier Securities.
The benchmark Nepse index rose 17.61 points to close the week at 986.66 points. The market, which opened at 969.05 points on Sunday, lost 0.42 points on Monday, before gaining 6.51points and 12.93 points for two consecutive days. However, it again dipped 1.41 points on Thursday.
Of the nine trading groups, four posted gains. The hydropower group (up 42.5 points) was the top gainer, followed by commercial banks, development banks and finance companies.
Hotels (down 40.75 points) led the losers’ side comprising others, insurance companies and manufacturing.
The trading sub-index was stable at 183.05 points. The sensitive index that measures the performance of blue chips rose 3.92 points to 211.05 points.
Nepal Investment Bank (promoter’s shares) led in terms of both individual transaction and the number shares traded.
The bank registered a turnover of Rs 1.831 billion from the trading of 4,498,000 shares. In terms of the transaction amount, Prabhu Bank (promoter’s shares), Prabhu Bank (general shares), Grand Bank and Everest Bank rounded out the top five.
TOP FIVE COMPANIES IN TERMS OF TURNOVER
Company Turnover (in Rs millions)
Nepal Investment Bank (Pro) 1,831.31
Prabhu Bank (Pro) 228.63
Prabhu Bank 140.28
Grand Bank 73.3
Everest Bank 58.04
SECTORS THAT WENT went up
Sector Points Gained
Hydropower Companies 42.5
Commercial Banks 25.66
Development Banks 22.8
Finance Companies 12.78
SECTORS THAT WENT went down
Sector Points Gained
Hotels 40.75
Others 11.74
Insurance Companies 6.16
Manufacturing 0.69
source: the kathmandu post,1 feb 2015
LINK
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