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Bullish Start To New Fiscal Year

  2 min 17 sec to read

 
Nepse index started new fiscal year with the bullish trend increasing by 10.45 points during previous week. It had closed 511.15 on Sunday, 14th July (the first trading day of the week). The Nepse index dropped by 8.97 points on Tuesday, 16th July closing at 509.36 but again regained and reached 521.60 at the close of Thursday, 18th July (the last trading day of the week). The market floor was open for five days. 
 
In the week, the hydro-power sub-index increased the highest by 47.84 points closing at 1113.12 points with an increase in share price of Chilime Hydropower by Rs 50 per share during the week. That was followed by the insurance companies sub-index which increased by 38.22 points. The ‘others’ sub-index dropped by 23.49 points closing at 646.19. The share price of Nepal Telecom dropped to Rs 539 per share on July 17 (Wednesday) which forced the sub-index to drop heavily from high of Rs 596 on July 15. 
 
Similarly, NIC Asia Bank topped in price increment during the week. The share price of the bank closed at Rs 669 with an increase of Rs 60 per share, followed by share price of Everest Bank (increased by Rs 59 per share) which also helped to boost the commercial bank sub-index. 
 
Shares of 120 companies were traded at Nepse during the week through 4,225 transactions amounting to Rs 393,575,000. The share price of 70 companies increased while 27 companies lost price and 23 companies remained unchanged. The transaction amount of the week is 11.89 percent higher than that of earlier week. The total number of scrips traded was1, 269,584 which is less by 550,407 scrips than that of earlier week. 
 
Everest Bank topped the list in terms of transaction amount (Rs 279,371,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 2,408,732 scrips 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 (3339). 
 
Similarly, a total of 200,000 bonus shares of Excel Development Bank were listed during the week.
 
Bullish Start

Nepse on Sunday
Nepse Index closed at 535.72 points on Sunday (July 21). The index increased by 14.19 points from the Thursday (July 18) close. All sector sub-indices saw an increment during the day. Insurance sub-index had the highest increment by 36.38 points, closing at 992.96 points. A total of 533,233 shares was traded from 1621 transactions during a day. Market operation were suspended for 15 minutes due to heavy buying pressure.
 

 

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