IPOs, bonds drag down Nepse
Kathmandu, July 5:
IPOs, bonds and debentures of various financial institutions worth around Rs 2 billion pulled Nepal Stock Exchange (Nepse) index down by 23.23 points to 928.39 points from last week’s closing of 951.62 points.
Nepse, in its five-day session, wound up in negative territory for the first four days. The market opened in the red on Sunday as it plunged by 2.75 points to 948.87 points. On Monday, it dipped by 11.41 points to 937.46 points. On Tuesday, it further plunged by 6.16 points to 931.30 points. On Wednesday, circuit breaker was used as it dipped by more than 20 points. Even so, at the end of the day it plunged by 25.06 points to 906.24 points. However, on Thursday it bounced back by 22.15 points to close the market at 928.39 points.
Though the contribution of A-category companies increased this week
to 78.37 per cent, the sensitive index — a barometer of A-category firms — dipped by 6.30 points to 244.11 points from last week’s closing of 250.41 points.
In terms of monetary value, Nepal Share Markets and Finance (with Rs 36.87 million), Capital Merchant Bank and Finance (with Rs 32.42 million), Bank of Kathmandu (with Rs 28.79 million), Nepal Investment Bank (with Rs 27.37 million) and Standard Chartered Bank, Nepal (with Rs 19.26 million) are this week’s top gainers.
In terms of numbers of share units traded, National Hydro topped with 47,000-unit of its shares traded this week while Civil Merchant Bittiya Sanstha topped in terms of number of transactions, with 210.
Except hotel and finance companies all other groups wound up in negative territory. The hotel group gained 1.14 points to reach 372.41 points while finance companies group gained 14.02 points to reach 1095.89 points.