NEPSE above 930 level; (Review period: Jan 4 to Jan 8, 2015)

ShareSansar, January 09:

The benchmark index of Nepal Stock Exchange made a jump of 27.29 points or 3.02 percent to close at 930.97 level this week compared to last week closing of 903.68 mark index.

The local bourse surged 13.82 points alone on Sunday, 4th Jan, followed by 2.27 point gain on Monday, closing at 917.50 level and 919.77 level respectively amid the news of the four major political forces — Nepali Congress, CPN-UML, Unified CPN-Maoist and United Democratic Madhesi Front —evolving consensus and most probably finding common ground on disputed issues of the constitution.
However the selling trend of investors to book profit then brought the NEPSE down to 917.41 level on Tuesday, 6th Jan, facing meager plunge of 2.36 points.

But the benchmark was again boosted up by political buzzes as the NEPSE gained 7.13 points and 6.43 points on remain two trading days of the week to close at 924.54 level and 930.97 level respectively.

NEPSE sensitive and Float has also up swelled 4.99 points and 1.97 points respectively to stand at 198.92 and 65.09 level respectively.

While the turnover has boomed by more than Rs 364.45 million or 34 percent this week to amount total of Rs 1.43 billion than the last week total of Rs 1.07 billion. Altogether 4,515,824 unit shares of 165 companies were traded this week through 1,528,913 transactions worth total of Rs 1.43 billion.

Each sub-index has landed in green this week. Banking, which covered more than 50 percent of total turnover of the week, has surged up by 19.08 points or 2.38 percent. Development and Finance has up thrust 33.03 points and 7.66 points respectively. Similarly Hotels, HydroPower and Insurance has gained 74.29 points, 73.05 points and 225.83 points respectively.

Manufacturing, Trading and Others went up by 23.56 points, 0.76 point and 1.32 point respectively.