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Nepse Dropped, But Huge Rise In Insurance

  2 min 19 sec to read

 
--By Rashesh Vaidya
 
Nepse index saw the bearish trend declining by 6.65 points during previous week. It had closed 535.80 on Sunday, 21st July (the first trading day of the week) and reached 529.15 at the close of Thursday, 25th July (the last trading day of the week). The market floor was open for five days. 
 
In the week, the insurance sub-index increased the highest by 47.92 points closing at 1041.44 points with an increase in share price of most of the insurance companies traded during the week. Among them, the share price of Life Insurance Company Nepal increased the highest by Rs 45 per share during the week. The ‘others’ sub-index dropped by 17.62 points closing at 633.27. The share price of Nepal Telecom dropped to Rs 536 per share on July 24 (Wednesday) which forced the sub-index to drop heavily from high of Rs 538. 
 
Announcement of the Monetary Policy 2013-14 by Nepal Rastra Bank (NRB) did not made any impact on the market. The impact of new provision on the capital increment forwarded by NRB was not seen in the share price of the banks and financial institutions. 
 
Similarly, the decline in the hotel sub-index also backed in the drop of the Nepse. The sub-index dropped by 14.25 points during a week. Only trading of the shares of Soaltee Hotel also dropped to Rs 271from high of Rs 276 per share. 
 
Shares of 123 companies were traded at Nepse during the week through 8,254 transactions amounting to Rs 724,695,000. The share price of 35 companies increased while 59 companies lost price and 29 companies remained unchanged. The transaction amount of the week is 84.13 percent higher than that of earlier week. The total number of scrips traded was 2,531,949 which is less by 1,262,365 scrips than that of earlier week. 
 
Everest Bank topped the list in terms of transaction amount (Rs 92,748,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 505,893 scrips of the fund were traded during the week. 
 
NIC Asia Bank was at the top on the basis of the number of transactions (865).
 
 

Nepse on Sunday
Nepse Index closed at 534.22 points on Sunday (July 28). The index increased by 5.15 points from the Thursday (July 25) close. All the sectors sub-indices saw increment during the day. Insurance sub-index increased the highest by 60.69 points closing at 1101.57 points. Total of 370, 039 shares were traded from 1743 transactions during the day.
 

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