Nepal | September 28, 2020

Benchmark index edges up 0.73pc

Himalayan News Service
Share Now:

NepseKathmandu, March 18

The domestic share market did not witness any massive volatility in the week of March 12 to 16, with the Nepal Stock Exchange (Nepse) index edging up by 9.81 points or 0.73 per cent to 1,357.34 points.

The country’s only secondary market remained closed on Sunday as the country celebrated Holi festival. Starting the week on Monday at 1,347.53 points, the benchmark index had gone up by 7.7 points by the day’s closing. The optimism could not sustain, however, as the Nepse index dropped by 8.14 points the very next day. The local bourse reversed course on Wednesday by going up 9.04 points and edged up by 1.21 points on Thursday to close the week above the psychological level of 1,350 points.

The sensitive index, which gauges the performance of class ‘A’ stocks, rose by 2.1 points or 0.71 per cent to 294.83 points. Likewise, the float index that measures the performance of shares actually traded also went up by 0.61 point or 0.61 per cent to 100.05 points.

Altogether, 3.85 million shares of 156 companies that amounted to Rs 1.79 billion were traded through 12,759 transactions during the week. The traded amount was 22.09 per cent less than the preceding week when 18,533 transactions of 4.58 million shares of 156 firms worth Rs 2.30 billion had been undertaken. It has to be noted, however, that the share market had remained open for normal five days in the previous week.

Whereas trading remained steady at 206.16 points, hotels was the only subgroup to record loss in the review period.

The insurance subgroup retained its top position among the gainers by surging 173.59 points or 2.85 per cent to 6,263.21 points. Trailing close behind, hydropower rose by 44.56 points or 2.79 per cent to 1,643.89 points.

The gain posted by the remainder of the gainers was less than one per cent.

Banking — the share market heavyweight — inched up 3.64 points or 0.28 per cent to 1,286.04 points. Development banks subgroup increased by 3.99 points or 0.27 per cent to 1,473.13 points. Manufacturing went up by 13.72 points or 0.63 per cent to 2,181.11 points.

Finance edged up by 3.32 points or 0.54 per cent to 616.88 points. Others added 2.61 points or 0.40 per cent to land at 654.51 points.

Hotels, which was among the top gainers in the preceding week, saw some of its gains wiped out as the sub-index fell 14.23 points or 0.79 per cent to 1,792.94 points.

Meanwhile, Nepal Investment Bank (Promoter) secured the top position in terms of trading volume and turnover with 5,480,000 of its shares changing hands that amounted to Rs 308.54 million. The other companies to make it to the list of top five in terms of traded amount were National Life Insurance with Rs 109.42 million, Nepal Credit and Commerce Bank with Rs 102.21 million, Global IME Bank with Rs 88.92 million and Asian Life Insurance with Rs 78.15 million.

With regard to number of transactions, Nepal Credit and Commerce Bank was the forerunner with 821 transactions recorded in its name during the review period.

A version of this article appears in print on March 19, 2017 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...