Nepal Stock Exchange (Nepse) index gained 15.91 points this week to close at 1,151.38 points on Thursday -- the last trading day of the week.
The market started recovery course from last week amid hopes that the political situation will improve soon. The benchmark index had gained 22.66 points last week.
"News reports suggest political parties are close to resolving the ongoing Tarai turmoil. Optimism among the investors regarding the end of the present stalemate has lifted the Nepse index in recent weeks," Narendra Sijapati, former president of Stock Brokers Association of Nepal (SBAN), said.
Experts say statements of agitating Madhesi leaders that they are mulling over withdrawing sit-in protest in border points and phone conversation between Prime Minister K P Sharma Oli and India Prime Minister have raised investors' optimism.
Sijapati also attributed buying spree of securities of Insurance group as the other reason behind rise in the benchmark index. "There is attraction toward Insurance scrip. Investors are hoarding shares of insurance companies amid expectations that Beema Samiti - the insurance sector regulator -- will increase the paid-up capital requirement of these companies," he added.
Insurance group was highest gainer of the week as its sub-index jumped 191.64 points to close at 5,318.3 points. The sub-indices of Development Bank and Banking groups also went up 28.13 points and 11.93 points, respectively, to settle at 1,083.87 points and 1,046.05 points. Hotels group also ended 9.57 points higher at 1,704.66 points. Sub-indices of Finance and Hydropower groups also inched up 0.17 point and 0.26, respectively, to close at 574.28 points and 1,922.53 points. 'Others' group, however, shed 1.18 points to end at 769.51 points. Manufacturing and Processing, and Trading groups remained unchanged at 1,849.08 points and 207.97 points, respectively.
A total of 3.99 million units of shares of 153 companies worth Rs 1.84 billion were traded in the market this week through 16,125 transactions. Nepal Bank Ltd remained at the top of the list of companies in terms of turnover (Rs 141.97 million) while Garima Bikas Bank Ltd led the list of companies in terms of number of shares traded (523,000 units). Similarly, ILFCO Microfinance Ltd was at the top in terms of number of transactions (2,420).
source: republica,1 jan 2016
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The market started recovery course from last week amid hopes that the political situation will improve soon. The benchmark index had gained 22.66 points last week.
"News reports suggest political parties are close to resolving the ongoing Tarai turmoil. Optimism among the investors regarding the end of the present stalemate has lifted the Nepse index in recent weeks," Narendra Sijapati, former president of Stock Brokers Association of Nepal (SBAN), said.
Experts say statements of agitating Madhesi leaders that they are mulling over withdrawing sit-in protest in border points and phone conversation between Prime Minister K P Sharma Oli and India Prime Minister have raised investors' optimism.
Sijapati also attributed buying spree of securities of Insurance group as the other reason behind rise in the benchmark index. "There is attraction toward Insurance scrip. Investors are hoarding shares of insurance companies amid expectations that Beema Samiti - the insurance sector regulator -- will increase the paid-up capital requirement of these companies," he added.
Insurance group was highest gainer of the week as its sub-index jumped 191.64 points to close at 5,318.3 points. The sub-indices of Development Bank and Banking groups also went up 28.13 points and 11.93 points, respectively, to settle at 1,083.87 points and 1,046.05 points. Hotels group also ended 9.57 points higher at 1,704.66 points. Sub-indices of Finance and Hydropower groups also inched up 0.17 point and 0.26, respectively, to close at 574.28 points and 1,922.53 points. 'Others' group, however, shed 1.18 points to end at 769.51 points. Manufacturing and Processing, and Trading groups remained unchanged at 1,849.08 points and 207.97 points, respectively.
A total of 3.99 million units of shares of 153 companies worth Rs 1.84 billion were traded in the market this week through 16,125 transactions. Nepal Bank Ltd remained at the top of the list of companies in terms of turnover (Rs 141.97 million) while Garima Bikas Bank Ltd led the list of companies in terms of number of shares traded (523,000 units). Similarly, ILFCO Microfinance Ltd was at the top in terms of number of transactions (2,420).
source: republica,1 jan 2016
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