Nepse dips despite real sectors gain
KATHMANDU,DEC 11:
The financial intermediaries’ poor performance in the first quarter pushed Nepse index down by 2.59 points, this week– December 4 to 9.
This week, commercial banks, insurance, finance companies and development bank’s not so favourable financials overshadowed the better performance of real sector groups in the stock market.
Banking subgroup lost whopping 12.26 points while insurance, finance companies and development banks lost 7.52 points, 1.65 points and 2.1 points.
Hydropower subgroup earned 9.42 points as share prices of both Chilime Hydropower and Arun Valley Hydropower went up. Hotels also earned 9.41 points as Soaltee Hotel’s share price went up by Rs 9. Nepal Telecom earned Rs 7 on unit share gaining 8.22 points.
On Sunday morning, the stock market opened at 322.84 points that steadily kept sliding down to 320.25 points by the end of the day’s trading.
This week Nepse’s trading floor witnessed transaction worth Rs 226.8 million through trading of 1.3 million unit shares of 117 companies on 8820 transactions in five trading days. This is 37.23 per cent increment in trading volume as compared to that of last week.
The sensitive index that measures the Class-A companies’ performance also went down by 0.54 points reaching 79.81 points at the end of the week. Among the total transactions, the trading of blue chip stocks of class ‘A’ companies consisted of 47.78 per cent amounting to Rs 105.4 million. The float index that measures the performance of actual shares traded also declined by 0.26 points to 25.71 points.
Standard Finance was forerunner both in terms of transaction amount and number of shares traded with trading of 601,963 shares worth Rs 65 million. Chilime Hydropower was fore runner in terms of number of transactions with 3229 transactions.
The top five performers of the week are Standard Finance (Rs 65.01 million), Chilime Hydropower (Rs 56.34 million), Bank of Kathmandu (Rs 11.68 million), National Hydropower (Rs 10.72 million) and Standard Chartered Bank (Rs 6.45 million).
Source: THT
