Nepal | September 29, 2020

Mostly a remarkable week for Nepse

Himalayan News Service
Share Now:

Figures in rupees per tola. Source: FNegosida
Figures in rupees per dollar. Source: NRB

Kathmandu, January 23

The trading week from January 17 to 21 was quite remarkable for the country’s only secondary market, with dematerialised stock trading coming into full implementation and Nepal Stock Exchange (Nepse) index breaching the previous records twice.

Opening at 1,190.16 points on Sunday, when demat share trading was fully implemented, the benchmark index had surged 21.84 points to set a new record of 1,212 points by the day’s closing. The bull run continued on Monday as well, as Nepse added another 2.31 points to land at a fresh high of 1,214.31 points.

However, the local bourse fell slightly on Tuesday, Wednesday and Thursday — 0.6 point, 0.14 point and 1.25 points, respectively. The gain in the first two trading days helped Nepse to clock a weekly gain of 22.16 points or 1.86 per cent to close the week at 1,212.32 points.

Stock market analysts attributed the bull run to a number of factors — implementation of electronic trading system, large number of shares yet to be dematerialised, positive political cues and lack of other profitable investment avenues in the country at present.

Altogether 3.76 million shares of 106 companies worth Rs 2.50 billion were traded through 11,919 transactions during the week. The traded amount was 2.23 per cent higher than the preceding week when 27,374 transactions of 5.11 million scrips of 161 firms worth Rs 2.45 billion had been undertaken.

The sensitive index, which gauges the performance of class ‘A’ stocks, rose 1.92 per cent to 260.75 points. Likewise, the float index that measures the performance of shares actually traded also went up 2.19 per cent to 86.9 points during the review period.

Among the subgroups, trading remained constant at 201.38 points, while manufacturing, hydropower and finance landed in the red.


Source: NEPSE

Development banks led the pack of gainers, surging by 3.36 per cent to 1,178.52 points. Nagabeli’s stock price surged by Rs 353 to Rs 3,774, that of Swabalamban by Rs 65 to Rs 2,050 and Chhimek’s by Rs 28 to Rs 1,749, among others.

The sub-index of commercial banks went up 2.36 per cent to 1,105.95 points. Nabil rose Rs 55 to Rs 1,905, Everest by Rs 22 to Rs 2,313 and Himalayan by Rs 31 to Rs 971.

Nepal Telecom’s share value rose by Rs 15 to Rs 685, which in turn helped others subgroup to record a gain of 2.24 per cent to 804.75 points.

Adding to the previous week’s rise of 0.34 per cent, insurance subgroup gained 1.15 per cent to 5,437.76 points. Life Insurance Co Nepal’s stock price went up Rs 40 to Rs 3,540 and Prime Life rose Rs 92 to Rs 1,662.

Hotels inched up 0.92 per cent to 1,742.67 points on the back of Soaltee’s share value up two rupees to Rs 328.

Conversely, manufacturing sub-index continued its free fall, weighed down by Unilever Nepal’s share price plunging by Rs 1,009 to Rs 24,491. The subgroup dropped 2.84 per cent to 1,790.75 points.

After leading the pack of gainers in the past week, hydropower dipped 0.56 per cent to 2,152.12 points this time around. Even as Sanima Mai surged by Rs 60 to Rs 885, the gain was offset by Chilime losing Rs 66 to land at Rs 1,294.

Finance too dipped 0.36 per cent to 583.51 points.

Sanima Bank retained its top spot in terms of turnover with Rs 202.96 million. It was followed by Global IME Bank with Rs 149.64 million, Prime Life Insurance Co with Rs 130.86 million, Nepal Bank with Rs 127.49 million and Everest Bank with Rs 114.79 million.

Nepal Bank was the forerunner in terms of shares traded with 382,000 of its scrips changing hands, while Global IME Bank secured top spot in terms of transactions, clocking 870 deals.

A version of this article appears in print on January 24, 2016 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

1,351 new cases take Nepal’s coronavirus tally to 74,745 on Monday

KATHMANDU: Nepal’s coronavirus tally moved to 74,745 as 1,351 new infections were reported in the last 24 hours. As many as 742 people that had earlier contracted Covid-19 tested negative for the infection as per the Ministry’s latest data. So far, 54,640 people have recovered from the diseas Read More...

Worldwide coronavirus cases cross 32.97 million, death toll over 994,000

At least 32,979,301 people have been reported to be infected by the novel coronavirus globally and 994,217 people have died, a Reuters tally showed. Beijing on Monday called on importers to shun frozen food from countries suffering from severe novel coronavirus outbreaks after several cases Read More...

Baitadi district

Baitadi jail facing challenges due to overcrowding

BAITADI: District Jail, Baitadi has been facing problems in the management since it has been housing more than twice the number of jailbirds to its capacity. The jail is currently housing 58 persons including 31 inmates and 27 detainees. However, the prison only has the capacity to accommodate Read More...

Kathmandu Valley records 817 infections on Monday

KATHMANDU: Kathmandu valley logged over 800 additional cases of coronavirus infection in the last 24 hours. As per the Health Ministry’s latest report, 817 new infections surfaced in the valley today, which 60.47 per cent of the total caseload. Read Also: 1,351 new cases take Nepal’s coro Read More...

Four Covid-19 fatalities recorded on Monday, tally shifts to 481

KATHMANDU: Four people passed away from Covid-19 related complications in the last 24 hours, with which the nationwide death-toll has moved to 481. Two women two and men lost their lives due to this infection, the Health Ministry’s latest update showed. Read Also: 1,351 new cases take Nepal Read More...

Royal Bengal Tiger of Chitwan National Park

Mahout killed in tiger attack in Chitwan National Park

CHITWAN: A man has been killed in a tiger attack in an intermediate community forest of Chitwan National Park today. Previously, a person was killed by a tiger two days ago on Saturday in the western part of Chitwan district. The deceased has been identified as Babana Chaudhary (55) of Ratnanagar Read More...

Coronavirus , vaccines, vaccines trails

Inovio's potential COVID-19 vaccine trial on partial clinical hold

LONDON: Inovio Pharmaceuticals Inc said on Monday the US Food and Drug Administration had placed a partial clinical hold on the company's planned mid-to-late-stage trial of its experimental coronavirus vaccine candidate. The company said the pause was not due to any side effects in its early-stag Read More...

Ronaldo double earns point for 10-man Juventus at Roma

ROME: Cristiano Ronaldo’s second goal of the night rescued a 2-2 draw for 10-man Juventus away to AS Roma in Serie A on Sunday, after Jordan Veretout had twice put the capital club in front. Veretout and Ronaldo netted penalties after both teams were penalised for handball, and the French midfield Read More...