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Nepse Falls 5.08 Points

  2 min 34 sec to read

 
--By Sagar Ghimire
Nepal Stock Exchange (Nepse) index fell 5.08 points last week. It had closed on 551.55 points on Sunday (September 1) making a record of six-month to cross 500. However, it plunged to 546.55 at the end of the trading day on Thursday (September 6). 
 
Shares of 141 companies were traded in the market floor during the week through 9400 transactions, which amounts to Rs 2.097 billion. The market floor was opened on Sunday (September 1) for five days during the week. The transaction amount of ‘A’ class companies only accounts to 41.98 per cent, which equals to Rs 881.46 million.
 
The transaction amount is 140.47 per cent higher compared to the amount of previous week, when the shares of 131 companies were traded through 8234 transactions amounting to Rs 872.19 million during four trading days.
 
Among the sub-indices, the Hydropower sector has decreased heavily by 39.32 points closing at 1274.67. The Hydropower sector was followed by Other, Commercial Bank, Development Bank and Trading to observe decline respectively. The Manufacturing and Production sector remained unchanged in the sub-index. 
 
The Insurance sector increased the highest by 6.75 points in the share markets last week. The Insurance opened at 1231.49 points and closed at 1238.24.  Except Insurance, there was increment in Hotel, Trading and Finance sectors also.
 
Of the individual companies, Nepal Bangladesh Bank (NBB) topped the index in terms of transaction amount, number of shares and number of transactions. 
 
The Bank made Rs 866.18 million as a total transaction amount through 543 transactions. The total number of Bank’s shares traded during the week was 3,206,380. 
 
Nabil Bank was on the second in the index to have the highest transaction with an amount worth Rs 397.70 million.  
 
During the week, 1,292,061 bonus shares of Sagarmatha Insurance Company, 53,747 of Salt Trading Company, 104,835 of Goodwill Finance and 139,466 bonus shares of Neco Insurance Company were listed in the Nepse. Similarly, 1,555,000 units of additional share were also listed during the week.
 
Sectroal

Nepse on Sunday

Nepse index increased by 5.52 points closing at 552.01 on Sunday, September 8. The share market saw a total of 235.1 million turnover through 1917 transactions of 96 companies on the first day of the market floor for this week.Banking, Development and Hydropower sectors’ sub-indices increased, while Finance, Insurance and Others sectors observed a decline in the share market. The Hydropower sector surged highest by 30.32 points with closing on 1304.99, while Insurance continues plunged the most (1.54 points) with closing on 1235.8. 
 
The stock of Premier Finance Co Ltd- ‘PFCCLL’- has been resumed on Sunday at a trading rate of Rs 168 after the merger process with the Imperial Finance was cancelled.

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