Weekly wrap up (Review period : Dec 07 to Dec 11, 2014)

ShareSansar, Dec 12:

The benchmark index of Nepal Stock Exchange gained 16.87 points or 1.98 percent this week to close at almost one month high of 870.63 level, compared to last week’s 853.76 closing.

The market index, which has witnessed drop of 9.25 points in the previous week, continued to decline by 2.88 points and 2.49 points respectively for the first two trading days of this week.

However, last three days of trading remained different for NEPSE as the local bourse gained 0.34 point, 6.78 points and 15.12 points respectively, climbing upward on its respective graph.

Similarly Sensitive and Float surged by 3.61 points and 1.35 points or 1.97 percent and 2.27 percent respectively, compared to last week.

Market was reacting on the political woes previously about the uncertainty of formulation of constitution, but as the major Political Parties is supposed to be reaching on the common ground, has raise the confidence among the investors.

Also the entry of long term investors in market has boosted the index in the previous couple of days.

The total turnover has also increased by Rs 10 million than the previous week total of Rs 792.23 million. This week’s average turnover was of Rs 160.54 million, where the highest was of Rs 185.51 million on 11th Dec (Thursday) and the lowest was recorded of Rs 131.25 million on 10th Dec (Wednesday).
Altogether 2,218,089 unit shares of 131 scrips were traded thru 8,041 transactions worth Rs 802.71 million.


Among the sub-indices, Banking, which covered 41.6 percent of total turnover this week, surged by 24.34 points or 3.28 percent to close at 766.15 level, attributed by the increase in share price of Nabil Bank by Rs 86, Everest Bank by Rs 62, Mega Bank by rs 49 and Laxmi Bank by Rs 42 in this week.
However Developments plunged by 3.71 points or 0.57 percent and Insurance dropped by 6.04 points or 0.17 percent.
Hotels, HydroPower and Manufacturing surged by double digit of 20.43 points, 50.03 points and 22.11 points respectively. Others surged 8.22 points this week. Trading stood at no-gain-no-loss position.


Companies like Himalayan Distillery, Mega Bank, Nilgiri Bikas, NIDC Capital and Civil Bank stood as the top gainers of this week.
Whereas Nirdhan Utthan, Namaste Bittiya Sanstha, Mount Makalu Development, Union Finance and Synergy Finance were among the top losers of this week.