Nepal Stock Exchange (Nepse) index went down 2.21 points this week to
close at 940.09 points on Thursday -- the last trading day of the week.
The market is in a free fall. This is the fourth straight week that the benchmark has shed values. Delay in constitution writing process has dampened confidence of investors. The market has shed 43.04 points over the past four weeks.
Stock market analysts term the fall in benchmark index as a seasonal phenomenon which has been further aggravated by worsening political situation of the country. “This is the season of correction as all the listed companies have completed their AGM and distributed dividend. There is selling pressure in the market,” a stock broker told Republica. “Delay in constitution writing process has dampened investors’ confidence.”
The stock broker said Nepse is shedding values also because large amount of money is stuck in Initial Public Offerings (IPOs) of half a dozen companies. “This means that the attention of the investors is toward primary share market rather than the secondary market,” he added.
Insurance group was the biggest loser of the week as its sub-index plunged by 63.31 points to close at 4,001.88 points. ‘Others’ group followed suit with its sub-index going down by 22.32 points to close the week at 693.16 points. The sub-indices of Trading, Development Bank and Hydropower groups were down 3.3 points, 2.16 points and 1.34 points, respectively, to settle at 193.63 points, 792.89 points and 2,165.46 points. Finance sub-index fell by a marginal 0.8 point to close the week at 532.99 points.
Manufacturing and Processing Group, however, went up by 17.95 points to close at 1,482.18 points. Hotels and Banking groups went up 16.96 points and 4.4 points, respectively, to close the week at 1,967.28 points and 823.54 points.
A total of 1.99 million units of shares of 169 listed companies worth Rs 671.5 million were traded in the secondary market this week through 5,732 transactions. Weekly turnover was 36.14 percent lower compared to total weekly turnover of last week.
Prabhu Bank topped the list of companies in terms of turnover (Rs 44.55 million) and number of shares traded (135,000). Global IME Bank Ltd was at the top in terms of number of transactions (409).Stock market analysts term the fall in benchmark index as a seasonal phenomenon which has been further aggravated by worsening political situation of the country. "This is the season of correction as all the listed companies have completed their AGM and distributed dividend. There is selling pressure in the market," a stock broker told Republica. "Delay in constitution writing process has dampened investors' confidence."
The stock broker said Nepse is shedding values also because large amount of money is stuck in Initial Public Offerings (IPOs) of half a dozen companies. "This means that the attention of the investors is toward primary share market rather than the secondary market," he added.
Insurance group was the biggest loser of the week as its sub-index plunged by 63.31 points to close at 4,001.88 points. 'Others' group followed suit with its sub-index going down by 22.32 points to close the week at 693.16 points. The sub-indices of Trading, Development Bank and Hydropower groups were down 3.3 points, 2.16 points and 1.34 points, respectively, to settle at 193.63 points, 792.89 points and 2,165.46 points. Finance sub-index fell by a marginal 0.8 point to close the week at 532.99 points.
Manufacturing and Processing Group, however, went up by 17.95 points to close at 1,482.18 points. Hotels and Banking groups went up 16.96 points and 4.4 points, respectively, to close the week at 1,967.28 points and 823.54 points.
A total of 1.99 million units of shares of 169 listed companies worth Rs 671.5 million were traded in the secondary market this week through 5,732 transactions. Weekly turnover was 36.14 percent lower compared to total weekly turnover of last week.
Prabhu Bank topped the list of companies in terms of turnover (Rs 44.55 million) and number of shares traded (135,000). Global IME Bank Ltd was at the top in terms of number of transactions (409).
source: republica,4 April 2015
LINK
The market is in a free fall. This is the fourth straight week that the benchmark has shed values. Delay in constitution writing process has dampened confidence of investors. The market has shed 43.04 points over the past four weeks.
Stock market analysts term the fall in benchmark index as a seasonal phenomenon which has been further aggravated by worsening political situation of the country. “This is the season of correction as all the listed companies have completed their AGM and distributed dividend. There is selling pressure in the market,” a stock broker told Republica. “Delay in constitution writing process has dampened investors’ confidence.”
The stock broker said Nepse is shedding values also because large amount of money is stuck in Initial Public Offerings (IPOs) of half a dozen companies. “This means that the attention of the investors is toward primary share market rather than the secondary market,” he added.
Insurance group was the biggest loser of the week as its sub-index plunged by 63.31 points to close at 4,001.88 points. ‘Others’ group followed suit with its sub-index going down by 22.32 points to close the week at 693.16 points. The sub-indices of Trading, Development Bank and Hydropower groups were down 3.3 points, 2.16 points and 1.34 points, respectively, to settle at 193.63 points, 792.89 points and 2,165.46 points. Finance sub-index fell by a marginal 0.8 point to close the week at 532.99 points.
Manufacturing and Processing Group, however, went up by 17.95 points to close at 1,482.18 points. Hotels and Banking groups went up 16.96 points and 4.4 points, respectively, to close the week at 1,967.28 points and 823.54 points.
A total of 1.99 million units of shares of 169 listed companies worth Rs 671.5 million were traded in the secondary market this week through 5,732 transactions. Weekly turnover was 36.14 percent lower compared to total weekly turnover of last week.
Prabhu Bank topped the list of companies in terms of turnover (Rs 44.55 million) and number of shares traded (135,000). Global IME Bank Ltd was at the top in terms of number of transactions (409).Stock market analysts term the fall in benchmark index as a seasonal phenomenon which has been further aggravated by worsening political situation of the country. "This is the season of correction as all the listed companies have completed their AGM and distributed dividend. There is selling pressure in the market," a stock broker told Republica. "Delay in constitution writing process has dampened investors' confidence."
The stock broker said Nepse is shedding values also because large amount of money is stuck in Initial Public Offerings (IPOs) of half a dozen companies. "This means that the attention of the investors is toward primary share market rather than the secondary market," he added.
Insurance group was the biggest loser of the week as its sub-index plunged by 63.31 points to close at 4,001.88 points. 'Others' group followed suit with its sub-index going down by 22.32 points to close the week at 693.16 points. The sub-indices of Trading, Development Bank and Hydropower groups were down 3.3 points, 2.16 points and 1.34 points, respectively, to settle at 193.63 points, 792.89 points and 2,165.46 points. Finance sub-index fell by a marginal 0.8 point to close the week at 532.99 points.
Manufacturing and Processing Group, however, went up by 17.95 points to close at 1,482.18 points. Hotels and Banking groups went up 16.96 points and 4.4 points, respectively, to close the week at 1,967.28 points and 823.54 points.
A total of 1.99 million units of shares of 169 listed companies worth Rs 671.5 million were traded in the secondary market this week through 5,732 transactions. Weekly turnover was 36.14 percent lower compared to total weekly turnover of last week.
Prabhu Bank topped the list of companies in terms of turnover (Rs 44.55 million) and number of shares traded (135,000). Global IME Bank Ltd was at the top in terms of number of transactions (409).
source: republica,4 April 2015
LINK
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