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Nepse’s Opens Weekly Trading With Marginal Increase

  3 min 9 sec to read

 
--By TC Correspondent
 
Nepal Stock Exchange Limited (Nepse) Index started with a marginal gain of 0.12 points on Sunday. The benchmark index of the country’s capital market, which closed at 794.64 points on the last trading day of previous week edged up 0.02 per cent to settle at 794.76 points on Sunday. Intra-day volatility was seen on the first day with the index rising up to 796 points and then coming down to 792 points before the closing. Market analysts say that Sunday’s sluggish performance of Nepse was due to the thin trading. According to them, bargain hunters demanded lower prices for the stocks. They said that sellers were mostly seen unconvinced to give away the stocks in low prices that they bought recently in higher price levels.   
 
On Sunday a total of 1,740,135 units of share of 99 companies were traded throughout 1984 transactions. The turnover was recorded at Rs. 732.82 million.  Meanwhile, the total market capitalization for the day was registered at Rs 807.84 billion. 
 
On Sunday, Sensitive index representing class ‘A’ listed companies in the secondary market, loss 0.15 points to close at 176.51. Hydropower sub-index was the highest gainer (4.87 points) followed by Banking (2.29 points), Finance (1.63 points) and Development Bank (1.44 points).  Sub-index of insurance companies was the biggest loser for the day (-12.46 points). Similarly, the sub-indices of ‘Others’ and Hotels fell 5.87 points and 0.36 points respectively.
 
Nepse went up 12 Points Last Week
Nepse index went up 12 points to settle at 794.64 points last week. The index continued its rally throughout last week as the easing of ‘Poush-Masanta effect’ helped the investors to manage more money for investments. Also, the clearance of income tax payments by many businesses and investors in second quarter brought respite to the market contributing the continuation of Nepse’s bull run. 
 
For the week, a total of 3.16 million units shares worth Rs 1.54 billion were traded in the stock market. Compared to the previous week, unit of shares traded declined 10.64 per cent whereas, the turnover increased by 4.09 per cent. Similarly, the number of transactions went down to 9,813 which was 11,776 in the previous week. Last week, number of transaction decreased by 16.76 per cent. 
 
Promoter shares of Nabil Bank climbed to the top spot in terms of turnover. Likewise, Nabil Balance Fund-1 remained in the number 1 spot in terms number of units being transacted for the week. Nepal Telecom maintained its top position in terms of market capitalization as earlier weeks. 
 
Nepse, which opened at 782.2 points on the first day of weekly trading (Sunday), settled its weekly trading at 794.64 points on (Thursday). Most of the sub-indices of the stock market saw increase in their share prices. Hotels sub-index was the biggest weekly gainer with 110.43 points. The Hydropower sub-index was the second biggest gainer (79.43 points) for the week followed by Insurance (66.46 points), Development Banks (18.59 points) and ‘Others’ (15.27 points). Similarly, the Banking sub-index gained 4.45 points and Finance rose by 2.48 points. Sub-index of the Trading also went up 1.85 points last week. Manufacturing and Processing, meanwhile, dipped 10.12 points. For the week, the Sensitive Index of class ‘A’ listed companies gained 2.39 points. 
 
Shares of 137 companies were transacted in the stock market last week. 82 companies observed gain in their share prices while, 34 companies saw decline. Share prices of 21 companies remained unchanged over the period.
 

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