Weekly Wrap-up (Review period: Jan 18 – Jan 22)

ShareSansar, January 23:

NEPSE index bounced up 19.71 points or 2.09 percent to close above 950 at 959.24 level this week than last week closing of 939.53 level.

The local bourse gained 5.83 points on Sunday, Jan 18, and huge 30.09 points (3.18%) on Monday, Jan 19, to close at 945.36 and 975.45 levels respectively.

The surge on first two trading days was mainly due to rumors about the law maker of the country to be coming on the same floor for resolving the disputed issues and finalizing the constitution of the country.

However the things did not remained the same on next two trading days as the major political parties were unable to present constitution on the prescribed deadline and NEPSE dropped 12.65 points (1.3%) and 3.56 points (0.37%) respectively.

But the benchmark ended this week at a good note by absorbing the effect of no constitution situation and maintaining the confidence among the investors by plunging much lesser than expected earlier.

Market remained closed on Wednesday, Jan 21, on the occasion of Sonam Lhosar.

Sensitive and float increased by 4.56 points and 1.48 points this week to close at 204.65 and 66.91 levels.

Each sub-index has landed in green this week. Banking has climbed double digit of 24.03 points or 2.9 percent this week to stand at 840.77 level.

Similarly Development and HydroPower has stepped up by 28.68 points and 28.24 points respectively whereas Hotels climbed 26.45 points this week.

Finance and Insurance gained 6.55 points and 2.79 points respectively than last week, whereas Manufacturing and Others went up by 8.20 and 11.75 points.

While the total turnover of this week was remarkable Rs 1.88 billion which is Rs 902.44 million or 91.41 percent higher than last week total of Rs 987.23 million.

Average of this week was or Rs 472 million where as the only total of Monday, Jan 19 was of Rs 863.24 million.

Altogether 3,786,335 unit shares were traded through 9,966 transaction worth Rs 1,889.73 million.