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Bangladesh Bank Tops The Share Market

  2 min 32 sec to read

 
--By Sagar Ghimire
 
Nepse index has inclined by 3.33 points during the last week. It had closed 548.11 on Sunday (August 25) and reached 551.44 at the end of trading day on Thursday (August 29).  The Nepse point crossed 550 for the first time in the past six months on the second trading day (August 26) last week and reached 552.24. Earlier on February 17, the Nepse index had reached 555.93. Experts say that most companies listed in the share market are likely to distribute the dividend so the expectation of dividends is the key factor behind pushing the Nepse index to 556.
 
Shares of 131 companies were traded during the week through 8234 transactions, which amount to Rs 872.19 million. The market floor opened for four days this week.  The transaction amount is 37.44 per cent higher than the previous week. In an earlier week, shares of 127 companies were traded at Nepse in three days.  The total numbers of scrips traded during the week was 2,621,917, which is less by 87385 in comparison to the previous week. The transaction amount of A class companies only accounts to 44.99 per cent of total amount, which equals to Rs 392.38 million.
 
The Bangladesh Bank Ltd topped the list of companies in terms of transaction amount and number of scrips traded during the week. The Bank traded 489,899 scrips amount worth Rs 174.04 million. The Bank was also at the top of the list to have a highest number of transactions (1140). Chilime Hydro Power Company remained second in the top list to have the highest transaction during the week with an amount worth 82.32 Million.
 
In sub-index, the Hydropower sector increased heavily by 98.22 points closing at 1303.35, while Insurance decreased the highest by 4.91 points. The Insurance  sector opened at 1220.58 points and closed at 1215.676. Similarly, it was the Commercial Banks that observed a decline in the share markets last week. The Commercial Bank sub-index decreased by 1.27 points closing at 534.95. Except Insurance and Commercial Banks, there was increment in all sectors in the sub-index.  Share analysts attribute the rise of the share price of Chilime Hydro Power Company Ltd (CHCL) to heavy increment in the Hydropower Sector. The trade price of the CHCL has increased by Rs 87 closing at Rs 1840.
 
Sectors

Nepse Increases on Sunday

Nepse index increased by 0.18 points closing at 551.55 on Sunday, September 1.  Banking, Development Banks, Manufacturing and Production sectors’ sub-indices decreased, while Hotel, Hydropower, Finance, Insurance and Others sectors saw increment in the share market. The Insurance sector increased the most by 15.84 points. Among the sectors that witnessed decline, it was the Manufacturing and Production sector that dropped the most by 10.38.
 
Shares of 112 companies were traded at Nepse on the day through 2236 transactions, amounting to Rs 276.47 million.
 

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