Nepal Stock Exchange (Nepse) index snapped three-week losing run by
posting a gain of 7.8 points to close at 979.27 points on Thursday-the
last trading day of the week.
The market recovered this week after continuous fall in the last three weeks. The market shed a total of 15.95 points during the period.
Stock brokers have termed the growth a normal phenomenon in the secondary market. "The market observed relatively low selling pressure this week as there was some correction in the last few weeks. Almost all banks have reported impressive growth in the second quarter. The performance of the banks have also boosted investors´ sentiment,” a stock broker told Republica. “Market movement will largely depend on political situation in the next week. If the constitution drafting process gains pace, the market may react positively,” the stock broker added.
Except Finance group, all trading groups logged gains this week. Hotels group was the biggest gainer of the week as its sub-index went up by 80.84 points to close the week at 2,103.24 points. Insurance, Hydropower and ´Others´ sub-indices were up 46.84 points, 38.38 points and 17.61 points, respectively, to close at 4,318.73, 2,239.89 and 760.11 points.
The Development Bank and Banking sub-indices also rose 9.82 points and 1.91 points, respectively, to end at 820.26 points and 848.36 points. Manufacturing and processing group inched up 0.98 point to settle at 1,442.12 points. ´Trading´ group remained unchanged at 191.08 points. Finance group, however, shed 3.92 points to close the week at 534.21 points.
A total of 3.65 million units of shares of 170 companies worth Rs 1.39 billion were traded in the market this week through 9,422 transactions. The turnover is 48 percent higher than the total transaction amount of the last week.
Nepal Investment Bank Ltd (Promoter) topped the table of listed companies this week in terms of turnover (Rs 325.1 million) and number of shares traded (792,000 units). Prabhu Bank Ltd was at the top in terms of number of transactions (636).
source: the kathmandu post,1 march 2015
LINK
The market recovered this week after continuous fall in the last three weeks. The market shed a total of 15.95 points during the period.
Stock brokers have termed the growth a normal phenomenon in the secondary market. "The market observed relatively low selling pressure this week as there was some correction in the last few weeks. Almost all banks have reported impressive growth in the second quarter. The performance of the banks have also boosted investors´ sentiment,” a stock broker told Republica. “Market movement will largely depend on political situation in the next week. If the constitution drafting process gains pace, the market may react positively,” the stock broker added.
Except Finance group, all trading groups logged gains this week. Hotels group was the biggest gainer of the week as its sub-index went up by 80.84 points to close the week at 2,103.24 points. Insurance, Hydropower and ´Others´ sub-indices were up 46.84 points, 38.38 points and 17.61 points, respectively, to close at 4,318.73, 2,239.89 and 760.11 points.
The Development Bank and Banking sub-indices also rose 9.82 points and 1.91 points, respectively, to end at 820.26 points and 848.36 points. Manufacturing and processing group inched up 0.98 point to settle at 1,442.12 points. ´Trading´ group remained unchanged at 191.08 points. Finance group, however, shed 3.92 points to close the week at 534.21 points.
A total of 3.65 million units of shares of 170 companies worth Rs 1.39 billion were traded in the market this week through 9,422 transactions. The turnover is 48 percent higher than the total transaction amount of the last week.
Nepal Investment Bank Ltd (Promoter) topped the table of listed companies this week in terms of turnover (Rs 325.1 million) and number of shares traded (792,000 units). Prabhu Bank Ltd was at the top in terms of number of transactions (636).
source: the kathmandu post,1 march 2015
LINK
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