Nepal | September 21, 2020

Nepse above 1,100 pts again

Himalayan News Service
Share Now:
Figures in rupees per dollar. Source: NRB Figures in rupees per tola. Source: FNegosida

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

Kathmandu, November 14

News and speculations of possible breakthrough in talks with the agitating Madhes-based parties and a way out of the current crisis helped the Nepal Stock Exchange (Nepse) index to surge 18.61 points or 1.71 per cent week-on-week to land at 1,109.29 points, from November 8 to 10.

Opening on Sunday at 1,090.68 points, the benchmark index had shed 4.11 points by the day’s closing. However, positive political cues helped the local bourse surge by 20.86 points on Monday and add another 1.86 points on Tuesday. Monday’s gain helped Nepse breach the threshold of 1,100 points after two trading weeks. The stock exchange remained closed on Wednesday and Thursday in celebration of the Tihar festival.

Altogether, 1.84 million shares worth Rs 628.05 million were traded through 3,934 transactions during the week. In the preceding week, when the stock market was open for regular five trading days, 6,284 transactions of 1.84 million shares of 141 companies worth Rs 926 million had been undertaken.

The sensitive index, which gauges the performance of class ‘A’ stocks, increased by 3.82 points to 239.6 points. Likewise, the float index that measures the performance of shares actually traded also inched up 1.65 points to 79.24 points, during the review period.

Trading continued to remain constant at 207.97 points. Apart from manufacturing and others, all the subgroups witnessed gains.

The insurance subgroup recovered the loss of the previous week, surging by 2.48 per cent to 4,660.79 points on the back of National Life Insurance gaining Rs 90 to Rs 2,190 and Life Insurance Co Nepal up Rs 94 to Rs 3,300, among others in the trading week.

Banking trailed close behind, ascending by 2.41 per cent to 1,033.91 points. Nabil’s share value went up by Rs 60 to Rs 2,310 and that of Standard Charted by Rs 75 to Rs 2,590.

Hotels too climbed 2.05 per cent to 1,833.17 points. Soaltee’s stock price rose by Rs 10 to Rs 430 and Oriental’s gained Rs 12 to Rs 552.

Nagbeli Laghubitta Bikas Bank saw its share price gain Rs 79 to Rs 2,047 and Chhimek’s was up Rs 40 to Rs 1,730, which in turn helped the development banks sub-index rise by 1.65 per cent to 933.92 points.

The gain witnessed in hydropower and finance subgroups was muted. Hydropower was up 0.57 per cent to 2,004.58 points and finance managed to inch up 0.33 per cent to 554.99 points.

Meanwhile, Unilever saw its share price plunge by Rs 520 to Rs 26,000 and Himalayan Distillery’s rested at Rs 530, down Rs 10, which in turn dragged manufacturing sub-index down 1.53 per cent to 1,883.81 points.

Similarly, Nepal Telecom’s stock price taking a beating by eight rupees to Rs 647 cost the others subgroup 1.22 per cent and it landed at 760.11 points.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Photo Gallery: Rohingya refugees receive relief in Kapan amid COVID-19 crisis

KATHMANDU, SEPTEMBER 21 Hiteri Foundation provided food relief packages to long-persecuted Rohingya Muslim refugees here in Kapan on Sunday, September 20. More than 175 families are taking shelter in Kapan after entering Nepal following a mass exodus from their native Myanamar. Also seen in pi Read More...

Nepali Army soldier Nepal’s first security person to die of COVID-19

KATHMANDU, SEPTEMBER 20 Country witnessed the first death of a security person due to COVID-19. The deceased, a 34-year-old soldier of Nepali Army was posted in Kathmandu. He hailed from Ramechhap district. However, Nepali Army has not yet revealed the identity of the deceased. The deceased wa Read More...

Mane double eases Liverpool to 2-0 win over 10-man Chelsea

LONDON: Two goals from Sadio Mane just after halftime eased champions Liverpool to a 2-0 win over 10-man Chelsea in the Premier League season's first heavyweight clash at Stamford Bridge on Sunday. A dull game never threatened to live up to the eight-goal thriller when the sides met in Read More...

Son and Kane combination leads Spurs rout of Southampton

SOUTHAMPTON: Son Heung-min scored four goals set up by Harry Kane as Tottenham Hotspur came from a goal down to overwhelm Southampton 5-2 on Sunday and earn their first Premier League win of the season. In an action-packed first half at St Mary's, both sides had a goal ruled out by VAR before Read More...

Women, children highly affected by COVID pandemic

KATHMANDU, SEPTEMBER 20 The National Women Commission today organised a webinar on ‘Impact of COVID-19 on Women and Initiatives Taken by NWC and Nepal Police in Addressing Gender Based Violence Issues’ to highlight impact of pandemic on women and children across the country. According to t Read More...

Thapa vows to establish RPP as strong force

KATHMANDU, SEPTEMBER 20 Chairperson of Rastriya Prajatantra Party Kamal Thapa today pledged to establish the party as a strong force. The country would become prosperous and sovereign only by pursuing the ideology RPP as Nepal is faced with complex geo-political situation, he claimed at a virt Read More...

NCP Secretariat dwells on Cabinet reshuffle

KATHMANDU, SEPTEMBER 20 The Secretariat of the ruling Nepal Communist Party (NCP) today began discussion on Cabinet reshuffle. NCP Spokesperson Narayan Kaji Shrestha said the meeting discussed policy issues regarding the Cabinet reshuffle from different angles, but it did not take a decision o Read More...

Ministry of Urban Development

Bancharedanda landfill site to be completed by mid-October

KATHMANDU, SEPTEMBER 20 State Minister of Urban Development Rambir Manandhar said construction of a sanitary landfill site at Bancharedanda on the border of Nuwakot and Dhading districts will be completed by mid-October. During monitoring of the under-construction landfill site today, State Mi Read More...