Weekly wrap up (Review period : Dec 14 to Dec 18, 2014)
ShareSansar, December 19:
The benchmark index of Nepal Stock Exchange (NEPSE) crossed the psychological level of 900 this week, recording surge of 33.26 points or 3.82 percent to close at 903.89 level, compared to last week’s closing of 870.63 mark index.
The local bourse was highly influenced by political buzz this week, as the benchmark witnessed huge swell of 39.38 points or 4.52 percent without any circuit break on the very first day, following the speculation of the major political parties in the country reaching to the common floor of having 8 to 9 federal state in the country.
Massive participation of investors in the market, seeing the surge route on Sunday, led the market index climb up high to 916.74 level on Monday, which was also the highest closing of this week, where the turnover had crossed Rs 350 million.
However, the next two days of trading remained different for NEPSE, as the local bourse plunged 6.54 points and 9.80 points on Tuesday and Wednesday respectively. The lowest closing of this week was recorded of 900.4 level on Wednesday.
Somehow the benchmark was able to land in green on the last trading day of this week, gaining meager 3.49 points.
The total turnover has increased by Rs 341.89 million this week compared to the last week total of Rs 802.71 million. The average turnover of this week was Rs 228 million, where the average of only 1st two days was Rs 319.79 million and of last three days stood at Rs 168.33 million.
Altogether 3,232,719 unit shares of 167 companies were traded through 9,426 transactions worth Rs 1.14 billion.
The highest turnover stood at Rs 357.23 million on Monday, whereas the lowest was of Rs 357.23 million on Thursday.
Among the sub-indices, Banking, which covered more than 57 percent of total turnover this week, went up by 35.63 points or 3.82 percent to close at 801.78 level, attributed by the rise in share price of Nabil Bank by Rs 145, Everest Bank by Rs 135 and Standard Chartered By Rs 73 than previous week.
Hotels and Insurance heightened up by triple digit of 146.47 points and 114.61 points respectively, amid the increase in share price of Soaltee Hotel by Rs 43, Nepal Life Insurance by Rs 130 and National LifeInsu. by Rs 102 than last week.
Similarly, Development and Finance added 20.52 points and 7.1 points respectively, amid the gain in share price of Summit Micro Finance and Swabalamwan Bikash Bank by Rs 103 and Rs 70 respectively and Citizen Investment Trust by Rs 91 than last week.
Zoom in the share price of Chilime Hydro by Rs 115 and NTC by Rs 12 led the HydroPower and Others up swell by 95.43 points and 8.22 points respectively.
Companies like Garima Bikas Bank, Kalinchowk Development, Himalayan Distillery, Miteri Development Bank and Karnali Development Bank were among the top gainers of the week.
Whereas share price of Kathmandu Finance, Premier Finance , Apex Development, Fewa Finance and Corporate Development Bank plunged maximum this week.
