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Banking & ‘Others’ Lift Nepse Near 500

  2 min 1 sec to read

--By Rashesh Vaidya

Nepse index increased by 7.97 points during previous week. It had closed 487.63 on Sunday, 23rd June (the first trading day of the week) and reached 495.60 at the close of Thursday, 27th June (the last trading day of the week). The market floor was open for five days. 

In the week, the ‘others’ sub-index increased the highest by 14.10 points closing at 622.70 points. That was followed by the banking sector sub-index which increased by 10.58 points. Bank of Kathmandu was a major mover for last two days of the trading at Nepse with its announcement of a special general meeting on 21st July for the approval of merger proposal and for the election of board of directors. 

Finance company sub-index increased by 2.26 points during the week. But the hotel, hydropower, insurance and development banks sub-indices declined. 

There was no change in trading as well as in manufacturing and processing sub-indices during the week. 

During the week, the promoters’ shares of Goodwill Finance dropped the highest by Rs 77 closing at Rs 108. A total of 24,530 scrips of the company were traded during the week. 

Shares of 122 companies were traded at Nepse during the week through 6,114 transactions amounting to Rs 428,566,000. The transaction amount is 9.11 percent higher than that of earlier week. The total number of scrips traded was 2,602,977 which is 1,015,327 scrips more than that of earlier week. 

Everest Bank topped the list in terms of transaction amount (Rs 47,430,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 857,892scrips of the fund were traded during the week. 

Commerz and Trust Bank Nepal Ltd was at the top on the basis of the number of transactions (809).

NEPSE


Nepse on Sunday

Nepse Index closed at 493.13 points on Sunday (June 30). The index dropped by 2.41 points from the Thursday (June 27) close. Only the insurance sub-index saw a gain of 2.60 points closing at 875.69. The total of 331,083 shares was traded from 1185 transactions during a day. Similarly, the total of 1002674 and 134227 bonus shares of National Life Insurance and Navadurga Finance respectively have been listed this day.

 

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