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Shaken NEPSE bounces back, but no-go-joe
KATHMANDU, JUN 12 -
Nepal Stock Exchange (NEPSE) bounced back last week to settle at 484.82 points, after a drastic fall of 24.01 points in the previous week. Last week, the secondary market registered a gain of 6.18 points despite benchmark index lost points for three days in the week.
However, the rise in the index is minimum as compared to the figure of 482.34 that it maintained in the closing day of the previous week.
The stock market witnessed trading of 966,600 units of shares of 112 companies through 5,799 transactions. However, the total amount of those transactions dipped by 29.03 percent, while the turnover just reached Rs. 250.96 million in contrast to the Rs. 352.26 million earlier, according to NEPSE.
The rise in the indices of groups including commercial banks, hotels and insurance companies pushed up the NEPSE index. Last week, the gaining spree was led by the hotels’ group with a gain of 14.52 points followed by groups representing commercial banks and insurances companies with 10.83 points and 0.72 points respectively.
On the other hand, five groups including manufacturing and processing companies, hydropower projects, trading companies, finance companies and development banks shed points, while other sectors did not change stand.
The development banks’ group led the losing spree with a fall of 5.56 points, followed by groups including trading, hydropower, manufacturing and processing and finance companies with 2.14 points, 1.82 points, 0.70 points and 0.60 points respectively.
Last week, on Sunday, the secondary market witnessed trading of 446,878 units of shares in a single day, fuelled up by the trading of 357,720 units of shares of Himalayan Distillery Limited.
On Tuesday, the trading of shares of Nepal Share Market Ltd. was suspended following a request made by the company as it is seeking to upgrade itself.
The shares of Himalayan Distillery topped the chart in terms of turnover as well as number of shares traded with Rs. 35.77 million through the trading of 357,720 units. Likewise, Sunrise Bank held the highest number of transactions with 1349 transactions.
Bonus shares of six financial institutions and a hydropower company and rights shares of a finance company and an insurance company were listed in NEPSE last week.
Posted on: 2010-06-13 08:59
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