Nepal | September 28, 2020

Benchmark index marginally down

Himalayan News Service
Share Now:

Kathmandu, May 19

The country’s sole secondary market managed to limit its loss to 8.80 points or 0.65 per cent to 1,339.65 points in the trading week between May 13 and 17, owing to Nepal Stock Exchange (Nepse) rebounding in the second half of the week.

“The movement of the market in the coming days will depend on the government’s budget,” said Ambika Prasad Poudel, president of Nepal Investors’ Forum. “The government will be introducing its policy and programme on Monday but I think it will not include anything that will affect the stock market and we will have to wait for the budget to see which direction the share market will take,” he added.

Since Sunday was a public holiday as the country celebrated Bhoto Jatra, the stock market was open from Monday only. The benchmark index had opened at 1,348.45 points on Monday and dropped by 10.28 points to close at 1,338.17 points by the end of the day. The market was down on Tuesday by another 4.32 points.

The local bourse reversed course thereafter, gaining 4.16 points on Wednesday to land at 1,338.01 points. It went up marginally by 1.64 points on Thursday.

Meanwhile, sensitive index was down by 2.29 points or 0.8 per cent to rest at 282.3 points in the review week. Similarly, the float index also declined by 0.75 point or 0.76 per cent to 96.7 points.

In the review period, four subgroups witnessed gains while six subgroups landed in the red zone.

The trading, manufacturing and hotels subgroups saw gains of above one per cent and others sub-index saw gains of below one per cent. Meanwhile, microfinance, hydropower, insurance and banking sub-indices saw losses of below one per cent and development banks and finance subgroups witnessed losses of above one per cent.

In the review week, the finance subgroup led the pack of losers, dropping by 11.94 points or 1.81 per cent to rest at 647.67 points. Likewise, the development bank subgroup shed 25.88 points or 1.64 per cent to land at 1,545.22 points and banking sub-index dipped by 10.66 points or 0.92 per cent to land at 1,147.3 points.

Meanwhile, the insurance sub-index went down by 53.81 points or 0.76 per cent to end the week at 6,957.95 points. Similarly, hydropower sub-index also decreased by 10.72 points or 0.64 per cent to 1,655.74 points and microfinance sub-index fell by 9.39 points to 1,733.54 points.

Meanwhile, trading sub-index led the group of gainers, rising by 3.72 points or 1.88 per cent to settle at 201.34 points. Likewise, manufacturing subgroup ascended by 30.94 points or 1.35 per cent to close at 2,319.13 points. The hotels subgroup, meanwhile, surged by 24.75 points or 1.26 per cent to 1,982.01 points and others sub-index also went up by 5.25 points or 0.7 per cent to rest at 751.47 points.

Altogether, 2.32 million shares of 176 companies worth Rs 1.08 billion were traded through 14,026 transactions during the week. The traded amount was 45.96 per cent less than total weekly turnover of the previous week, which was recorded at
Rs two billion. In the previous week, 4.81 million shares of 181 firms had changed hands through 29,319 transactions.

In terms of weekly turnover, Siddhartha Bank was at the top with Rs 70.18 million. It was followed by Womi Microfinance Bittiya Sanstha with Rs 45.95 million, Siddhartha Insurance with Rs 30.04 million, Standard Chartered Bank with Rs 27.69 million and Nepal Life Insurance with Rs 27.44 million.

In the review period, Siddhartha Bank was also the leader in terms of number of shares changing hands with 211,000 of its shares being transacted. In terms of number of transactions, Nepal Investment Bank was the forerunner with 652 transactions.


Company Type Unit
Deprosc Laghubitta Bittiya Sanstha Bonus 969,793.66
Miteri Development Bank Bonus 1,197,069.44
National Microfinance Bittiya Sanstha Bonus 203,560.00
Pokhara Finance Rights 983,682.74
Prabhu Bank Rights 21,199,321.00
Premier Insurance Bonus 695,397.00
Samata Microfinance Bittiya Sanstha Bonus 63,200.00
Shine Resunga Development Bank Bonus 2,757,231.00
Srijana Finance Bonus 982,800.00

Source: Nepse

A version of this article appears in print on May 20, 2018 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Students demand justice for Bajhang rape victim in Kathmandu

KATHMANDU, SEPTEMBER 26 Students take to the streets on Saturday demanding justice for a 12-year-old girl whose dead body was found in a temple in Bajhang district on Thursday night. The minor was raped before being killed by the culprit/s. As per local police, investigation into the case in unde Read More...

United earn dramatic win at Brighton with late Fernandes penalty

BRIGHTON: Manchester United beat Brighton & Hove Albion 3-2 away in the Premier League on Saturday after an incredible finale in which Bruno Fernandes struck the winning goal from the penalty spot in the 100th minute of the game. Fernandes's winner, which came after referee Chris Ka Read More...

Chelsea recover from three goals down to draw at West Brom

Chelsea striker Tammy Abraham struck a 93rd-minute equaliser as they battled back from three goals down to draw 3-3 at West Bromwich Albion in their Premier League clash on Saturday. An error by Marcos Alonso led to Callum Robinson opening the scoring for West Brom in the fourth minute and t Read More...

A team of women of Police march past in a programme organised to mark the Constitution day at Nepal Army pavilion in Tundikhel, Kathmandu, on Wednesday, September 19, 2018. Photo: Skanda Gautam/THT

Province 2 threatens to knock Supreme Court door

KATHMANDU, SEPTEMBER 26 Months after the two bills related to adjustment of Nepal Police and Provincial Police were authenticated, provincial governments have not been able to take control of police. As a result, Province 2 government has sent an angry letter to the federal home ministry asking i Read More...

Local levels to resume schools from today in Siraha district

SIRAHA, SEPTEMBER 26 Community schools in Laxmipur Patari Rural Municipality and Mirchaiya Municipality of Siraha, that have remained closed for the past six months are likely to open from tomorrow. Education sections of both the local bodies, by issuing separate notices, decided to open s Read More...

Three persons including campus chief absconding

DHULIKHEL, SEPTEMBER 26 Three persons, including campus chief, have been absconding ever since police issued an arrest warrant against them in Kavre’s Banepa. A fraud charge was filed against three people including Kavre Multiple Campus Chief KJ Baidar in Kavre’s Banepa Municipality, with Read More...

Traffic police expedite monitoring of public vehicles

KATHMANDU, SEPTEMBER 26 Traffic police have expedited inspection and monitoring of public vehicles in Kathmandu valley to ensure that they follow health guidelines and other requirements specified by the government to prevent and control COVID-19. Senior Superintendent of Police Bhim Prasad Dh Read More...

Food, medicines provided to returnees from India

DHANGADI, SEPTEMBER 26 Dhangadi sub-metropolis has been providing free food and health facilities for Nepalis returning from India at border entry point, in Dhangadi. Deputy Mayor Sushila Mishra Bhatta of the sub-metropolis said food and water were being offered to the returnees ever since the Read More...