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Nepse Bullish, Backed By Hydro

  2 min 17 sec to read


--By Rashesh Vaidya
 
Nepse index saw a bullish trend last week with an increment of 12.59 points. It had closed 534.30 on Sunday, 28thJuly (the first trading day of the week) and reached 546.89 at the close of Thursday, 1st August (the last trading day of the week). The market floor was open for five days. 
 
In the week, the hydro-power companies’ sub-index increased the highest by 61.79 points closing at 1243.06 points. Whereas, the news of Nepal Doorsanchar Company Limited (NTC) going to declare Rs 48 dividend per share this year also, boosted the scrip by Rs 19 contributing to 19.97 points leap in ‘others’ sector. There were no changes in manufacturing and processing sub-index and trading sub-index during the week. 
 
Similarly, there was a bulk trading of 609,080 shares of Himalayan Distillery Ltd at Rs 100. 
 
Only the hotel sub-index saw a decline during the week. It declined by 6.01 points closing at 652.05. Total of 8,280 shares of Oriental Hotel were traded during the week with the price drop by Rs 2 per share closing at Rs 138. 
 
Shares of 121 companies were traded at Nepse during the week through 9,521 transactions amounting to Rs 871,805,000. The transaction amount of the week is 20.30 percent higher than that of earlier week. The total number of scrips traded was 2,981,847 which are higher by 449,898 scrips than that of earlier week. 
 
Everest Bank topped the list in terms of transaction amount (Rs 87,498,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 609,080 scrips of the fund were traded during the week. 
 
Commerz and Trust Bank Nepal was at the top on the basis of the number of transactions (699). 
 
Similarly, total of 4,664,468 bonus shares of seven companies were listed during the week at Nepse.
Sectors

Nepse on Sunday
Nepse Index closed at 546.55 points on Sunday (August 4). The index dropped by 0.28 points from the Thursday (August 1) close. Commercial Bank, Development Bank, Hydro-power and Manufacturing & Processing sub-indices increased by 0.38 points, 0.13 points, 5.38 points and 3.62 points closing at 543.22 points, 264.45 points, 1248.44 points and 879.30 points respectively. Insurance sub-index dropped the highest by 14.71 points closing at 1104.35 points during a day. Similarly, Finance Companies sub-index and ‘others’ sub-index also dropped by 1.54 points and 1.18 points closing at 264.59 points and 654.41 points respectively. Total of 410,317 shares was traded from 1927 transactions during a day.

 

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