The Nepal Stock Exchange (Nepse) index declined by 2.44 points or 0.25
per cent week-on-week to rest at 984.22 points, from February 1 to 5.
Even as the benchmark index slipped slightly, traders believe the stock market will edge higher in the coming days, possibly even breaching the 1,000-point mark in the near future.
“The market fundamentals are quite strong and the general expectation that the political situation will ease in the coming days hint to the possibility of Nepse crossing 1,000 points in the coming days,” Dipak Raj Oli, managing director of Dipshikha Dhitopatra Karobar Co, said.
The Nepal Stock Exchange (Nepse) index declined by 2.44 points or 0.25 per cent week-on-week to rest at 984.22 points, from February 1 to 5.
Even as the benchmark index slipped slightly, traders believe the stock market will edge higher in the coming days, possibly even breaching the 1,000-point mark in the near future.
“The market fundamentals are quite strong and the general expectation that the political situation will ease in the coming days hint to the possibility of Nepse crossing 1,000 points in the coming days,” Dipak Raj Oli, managing director of Dipshikha Dhitopatra Karobar Co, said.
Opening at 986.66 points on Sunday, the benchmark index rose by 4.78 points by the day’s close. However, the gain could not be sustained as the local bourse shed 0.68 points, 3.21 points, 0.52 points and 2.81 points over the next four trading days of the week.
The country’s only secondary market witnessed 4.53 million units of shares of 169 companies worth Rs 1.75 billion changing hands through 13,009 transactions. The traded amount was 51.50 per cent less than the preceding week when 11.18 million units of shares of 175 firms worth Rs 3.59 billion had been traded through 13,627 transactions.
The sensitive index, which gauges the performance of class ‘A’ stocks, dipped by 0.82 points to 210.23 points. Similarly, the float index that measures the performance of shares actually traded also slipped 0.48 points to 68.72 points, in the week.
Whereas the trading subgroup continued to hold steady at 183.05 points, manufacturing, others and development were the only three subgroups to record gains in the week.
Manufacturing gained the most in the week, rising by 51.25 points to 1,405.48 points, on the back of Himalayan Distillery’s share value swelling by Rs 74 to Rs 735. The others subgroup added 21.14 points to 761.29 points as Nepal Telecom’s share price went up by Rs 18 to Rs 648.
Development banks increased by 14.88 points to 801.1 points. Even as the scrips of Nagbeli Laghubitta Bikas Bank lost Rs 25 to close at Rs 2,405, the share value of Muktinath Bikas Bank went up by Rs 24 to Rs 587, among others.
At the other end of the spectrum, the insurance subgroup dropped 27.28 points to 4,148.77 points. Nepal Life Insurance’s share value went down by Rs 55 to Rs 4,480, while that of National Life Insurance by Rs 12 to Rs 2,440.
The hydropower subgroup, which was at the forefront of gainers in the previous week, slumped by 23.02 points to 2,332.97 points, this time around. Chilime’s shares closed at Rs 1,694, down Rs 37 and National Hydropower’s scrips lost two rupees to land at Rs 125.
The sub-index of hotels closed at 2,065 points, retreating by 11.25 points. It was weighed down by Soaltee’s shares losing three rupees to land at Rs 470 and Taragaon’s scrips landing at Rs 282, less two rupees than the previous week’s close.
The share value of Agricultural Development Bank dipping by Rs 27 to Rs 473 and Machhapuchhre Bank’s scrips priced at Rs 575, down Rs 10, dragged the banking subgroup down by 10.02 points to 869.69 points.
Meanwhile, the finance subgroup managed to limit its loss to single digit, falling by 2.42 points to 524.39 points.
Nepal Investment Bank Promoter Share was the forerunner in number of shares traded with 494,000 of its scrips changing hands. It was also at the top in terms of turnover with Rs 205.88 million. Prabhu Bank (Rs 113.69 million), Century Commercial Bank (Rs 100.06 million), Everest Bank (Rs 72 million) and Sanima Mai Hydropower (Rs 51.47 million) rounded up the top five positions in the category.
Meanwhile, Century Commercial Bank secured the first position in number of transactions, clocking 1,642 deals.
source: the himalayan times,7 feb 2015
LINK
Even as the benchmark index slipped slightly, traders believe the stock market will edge higher in the coming days, possibly even breaching the 1,000-point mark in the near future.
“The market fundamentals are quite strong and the general expectation that the political situation will ease in the coming days hint to the possibility of Nepse crossing 1,000 points in the coming days,” Dipak Raj Oli, managing director of Dipshikha Dhitopatra Karobar Co, said.
The Nepal Stock Exchange (Nepse) index declined by 2.44 points or 0.25 per cent week-on-week to rest at 984.22 points, from February 1 to 5.
Even as the benchmark index slipped slightly, traders believe the stock market will edge higher in the coming days, possibly even breaching the 1,000-point mark in the near future.
“The market fundamentals are quite strong and the general expectation that the political situation will ease in the coming days hint to the possibility of Nepse crossing 1,000 points in the coming days,” Dipak Raj Oli, managing director of Dipshikha Dhitopatra Karobar Co, said.
Opening at 986.66 points on Sunday, the benchmark index rose by 4.78 points by the day’s close. However, the gain could not be sustained as the local bourse shed 0.68 points, 3.21 points, 0.52 points and 2.81 points over the next four trading days of the week.
The country’s only secondary market witnessed 4.53 million units of shares of 169 companies worth Rs 1.75 billion changing hands through 13,009 transactions. The traded amount was 51.50 per cent less than the preceding week when 11.18 million units of shares of 175 firms worth Rs 3.59 billion had been traded through 13,627 transactions.
The sensitive index, which gauges the performance of class ‘A’ stocks, dipped by 0.82 points to 210.23 points. Similarly, the float index that measures the performance of shares actually traded also slipped 0.48 points to 68.72 points, in the week.
Whereas the trading subgroup continued to hold steady at 183.05 points, manufacturing, others and development were the only three subgroups to record gains in the week.
Manufacturing gained the most in the week, rising by 51.25 points to 1,405.48 points, on the back of Himalayan Distillery’s share value swelling by Rs 74 to Rs 735. The others subgroup added 21.14 points to 761.29 points as Nepal Telecom’s share price went up by Rs 18 to Rs 648.
Development banks increased by 14.88 points to 801.1 points. Even as the scrips of Nagbeli Laghubitta Bikas Bank lost Rs 25 to close at Rs 2,405, the share value of Muktinath Bikas Bank went up by Rs 24 to Rs 587, among others.
At the other end of the spectrum, the insurance subgroup dropped 27.28 points to 4,148.77 points. Nepal Life Insurance’s share value went down by Rs 55 to Rs 4,480, while that of National Life Insurance by Rs 12 to Rs 2,440.
The hydropower subgroup, which was at the forefront of gainers in the previous week, slumped by 23.02 points to 2,332.97 points, this time around. Chilime’s shares closed at Rs 1,694, down Rs 37 and National Hydropower’s scrips lost two rupees to land at Rs 125.
The sub-index of hotels closed at 2,065 points, retreating by 11.25 points. It was weighed down by Soaltee’s shares losing three rupees to land at Rs 470 and Taragaon’s scrips landing at Rs 282, less two rupees than the previous week’s close.
The share value of Agricultural Development Bank dipping by Rs 27 to Rs 473 and Machhapuchhre Bank’s scrips priced at Rs 575, down Rs 10, dragged the banking subgroup down by 10.02 points to 869.69 points.
Meanwhile, the finance subgroup managed to limit its loss to single digit, falling by 2.42 points to 524.39 points.
Nepal Investment Bank Promoter Share was the forerunner in number of shares traded with 494,000 of its scrips changing hands. It was also at the top in terms of turnover with Rs 205.88 million. Prabhu Bank (Rs 113.69 million), Century Commercial Bank (Rs 100.06 million), Everest Bank (Rs 72 million) and Sanima Mai Hydropower (Rs 51.47 million) rounded up the top five positions in the category.
Meanwhile, Century Commercial Bank secured the first position in number of transactions, clocking 1,642 deals.
source: the himalayan times,7 feb 2015
LINK
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