NEPSE above 900 level throughout this week; (Review period: Dec 28, 2014 to Jan 1, 2015)
ShareSansar, January 2:
The benchmark index of Nepal Stock Exchange (NEPSE) regained 900 level moving up by 15.88 points or 1.78 percent to close at 903.68 level compared to last week closing of 887.8 mark index.
NEPSE recorded huge gain of 15.92 points on Sunday (Dec 28, 2014) closing at 903.72 and 3.51 points surge on Monday (Dec 29, 2014) closing at 907.33 level following the news of four-member taskforce of key political force to discuss various alternatives for finding a common ground on contentious issues of the constitution amid the increase in the participations of the investors in the country.
However the local bourse plunged by 4.90 points on Thursday (Dec 31, 2014) closing at 902.33 level. On the contrary more than 52 percent transaction (of total turnover of that day) was done only of Nepal Bank’s shares amounting total of Rs 192.21 million.
Somehow the benchmark index managed to land in green on the last trading day of this week (Jan 1, 2015) with meager surge of 1.35 points to settle at 903.68 level.
Sensitive and Float went up by 3.36 points and 1.06 point to stand at 193.93 level and 63.12 level respectively.
Market remained close on Tuesday (Dec 30, 2014) due to Tamu Lhosar celebration in the country.
The total turnover has boosted up by more than Rs 451.43 million or 72.38 percent to settle at Rs 1.07 billion this week compared to last week total of Rs 623.68 million. The average turnover of this week was of Rs 268.78 million whereas last week’s average was of Rs 155.92 million.
Altogether 2,789,864 unit shares of 153 companies were traded through 8,494 transactions worth Rs 1.07 billion.
Among the sub-indices, Banking surged by double digit of 15.03 points or 1.91 percent to close at 800.75 level amid the rise in share price of Nepal SBI by Rs 65 and Machhachapuchhre Bank by Rs 25.
Development and Finance up swelled by 20.94 points and 8.16 points respectively attributed by surge in share price of Kalika Microcredit Development Bank by Rs 174, First Microfinance Development Bank by Rs 135 and Citizen Investment Trust by Rs 150.
Insurance and HydroPower also gained 87.78 points and 17.71 points respectively mainly due to up thrust in share price of Prudential Insurance Co. by Rs 388, Nepal Life Insurance Co. Ltd. by Rs 69 and Chilime Hydro power by Rs 17.
Surge in share price of Soaltee Hotel by Rs 13, NTC by Rs 49 and Bishal Bazar by Rs 28 led the Hotels, Others and Trading sector move up by 37.91 points, 3.55 points and 2.36 points respectively.
On the contrary, Manufacturing was the only sector to land in red this week recording plunge of 8.14 points or 0.64 percent than last week.
Companies like Central Finance, Prudential Insurance, Nepal Insurance Co.Ltd, Alpine Development Bank Limited and Pacific Development Bank Limited were among the top gainers of this week.
Whereas Sahara Bikas Bank Ltd., Kabeli Bikas Bank Limited, Tourism Development Bank Ltd., Matribhumi Bikas Bank Ltd and Everest Insurance Co. Ltd. were among the few top losers of this week.
