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Nepse Remains Constant

  2 min 20 sec to read

 
--By Sagar Ghimire
 
Nepal Stock Exchange (Nepse) closed last week 0.19 points lower compared to the close of the first day of that week. It had peaked at 3.64 points as Wednesday while the lowest was at 7.47 on Monday.
 
The investment has flown towards the primary market with some companies’ opening of initial public offerings (IPO). The secondary market has borne the brunt of investors’ rush towards the primary market. 
 
On the other hand, positive macro indicators of the finance sector like excess liquidity in the market, dividend announcements of banks and financial institutions, etc have helped the Nepse index to move upward. Stock analysts say these opposite trends have made the Nepse index relatively constant. 
 
Though the Nepse index declined on the first (September 22) and second (September 23) days by 7.47 (closing at 541.51) and 3.2 points (closing at 538.31), respectively, the third day and fourth day saw it increase by 3.64 and 1.4 points, respectively. The share market observed a fall again by 1.65 points on the last trading day of the week. 
 
Among the sub-indices, the Hydropower sector saw the highest increment by 39.78 points, closing at 1306.76, while the Insurance sector lost the most by 18.74 points, closing at 1304.61. Likewise, Hotel, Finance and Development Bank sectors sub-indices also increased during the week. It was Manufacturing, Other and Commercial Banks sectors that were losers in the secondary market last week. There was no change in the Trading sector during the week.
 
Twenty million, fifty-nine thousand five hundred and thirty-two unit shares of 132 companies worth Rs 546.08 million were traded in 8026 transactions at Nepse. 
 
Kailash Development Bank topped the capital market last week in terms of transaction amount (Rs 49.7 million) and units of shares traded (237,890). Likewise, Mega Bank was at the forefront in the stock market for its number of transactions (1487).
 
Sectors
 

 
Nepse on Sunday
Nepse index inclined 0.16 point on the first day of this week (Sunday September 29) closing at 541.86. 
 
The secondary market saw a total of 117.6 million turnovers through 1661 transactions of 108 companies. Sub-indices of Hotel, Hydropower, Insurance and Other sectors observed the gain, while Banking, Development Bank and Finance sectors declined on the opening day of the trading week. The Hotels sector surged the highest by 24.67 points closing at 757.74. The Banking sector plunged to lowest by 2.44 with closing at 513.97 points.

 

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