Nepse closes week 12.43 points higher

KATHMANDU, JAN 18 -

Nepal Stock Exchange (Nepse) surged 12.43 points to close at 794.39 points last week.

The secondary market, which closed at 781.96 points on Sunday, rose successively for rest of the week, with the highest growth (7.34 points) seen on Thursday.

Stockbrokers termed the recent trend of slight fluctuation in the benchmark index “a sign of stability”. The market, which surged notably right after the constituent assembly (CA) election, has come down to some extent in the recent days.

Anjan Raj Paudel of Thrive Brokerage House said old investors are increasingly investing compared to the new ones. “After booking profits from shares they had held for a long, most of the old investors are on a buying spree,” he said.

Except for manufacturing and trading groups, all the sub-indices posted gains. The hotel sub-index (up 110.41 points) led the gainers side, followed by hydropower, insurance companies and development banks. The trading group was the only loser — down 10.12 points.

The sensitive index, which measures the performance of ‘A’ class companies, was up 2.47 points to close at 195.17 points.

Kumari Bank posted the highest individual transaction of Rs 160.584 million from the trading of 288,800 shares. It was

followed by Nepal Bangladesh Bank, Nabil Bank’s promoters’ shares, Machchrepuchchre Bank and Nepal Life Insurance Company.

Over the period, the overall market transaction volume decreased 5.84 percent to Rs 1.54 billion. A total of 3,162,470 shares were traded over the week. Transaction of ‘A’ class companies amounted to Rs 736.5 million — 47.57 percent of the total market transaction.

Nepse registered 10.55 million ordinary shares of Sanima Mai Hydropower Company, 542,767 bonus shares of City Development Bank and 745,181 rights shares of Triveni Development Bank.

(Source: The Kathmandu Post)