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Nepse Records Four-year High

  2 min 26 sec to read

 
--By TC Correspondent
 
Nepal Stock Exchange index reached a four-year high crossing 570 points last Thursday. The Nepse benchmark surged to the four-year high on the first day after the floor opened remaining closed for a week due to the Dashain vacation. Nepse increased 4.81 points on the first (as well as the last day of the week) closing at 571.8. Earlier on November 11, 2009, the Nepse index had reached to this level.
 
88,363 shares of 62 companies worth Rs 40.17 million in 590 transactions were traded last week. The market capitalisation of the stock market increased to Rs 575.4 billion.
 
Stock analysts say that relatively stable politics with the optimism of CA polls and attractive dividend expectation from the listed companies are the reasons that have kept the investors upbeat for past few weeks. According to analysts, investors are scrambling to invest into the secondary market in recent days with the anticipation of better returns in the coming days.
 
Among the sub-indices, Hydropower, Insurance, Commercial Banks, Finance, Other sectors observed incline, while Development Banks witnessed a decline. The index of the Manufacturing sector remained stable during the week. Hydropower was the biggest gainer of the week with a rise of share prices of Chilime Hydropower, Butwal Power Company and Arun Valley Hydropower Company by Rs 10, 6 and five per unit respectively. Nabil Bank topped the index in terms of transaction amount worth Rs 6.80 million.
 
Nine companies listing suspended 
Meanwhile, NEPSE has suspended the annual listing of nine companies last Sunday after they failed to pay the renewal fee. 
Everest Insurance Company Limited, National Hydro Power Company Limited, Bottlers Nepal (Terai) Limited , Shree Ram Sugar Mills Limited,  Kanchan Development Bank, Multipurpose Finance Company, Himalayan Finance Company and Nepal Film Development Company are the companies to be suspended from 
the listing.
 

Nepse on Sunday

Nepse index continued of climbing higher and reached on Sunday to 584.07 points, a highest record of four-year period.   Likewise, the rise in the index is also a record in last four months. Nepse index rose by double digit (12.27 points) on the first day for the first time after a three-month of period. Earlier the secondary market had witnessed the double-digit growth of 14.19 points on 21st July, 2013.
 
The share market saw a total of Rs 145,798,355 in turnover through 1,643 transactions of 88 companies on the first day of the market this week.
 
The sub-indices of all sectors registered gain as all settled in the green zone. Hotels topped the list with a gain of 53.42 points, followed by Hydropower (52.3), Development Banks (23.85) and Banking (15.8) respectively.

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