Nepal | September 21, 2020

Nepse advances 0.64pc over the week

Himalayan News Service
Share Now:

Kathmandu, March 19


New Listings




Cosmos Development Bank



Gaumukhee Bikas Bank



Global IME Bank



Janaki Finance



Kanchan Development Bank



Kanchan Development Bank



Nirdhan Utthan Bank



Sana Kisan Bikas Bank



 Despite the advice given by analysts and the market regulator to investors to adopt caution, buying pressure in the country’s only secondary market persisted. Hence, the Nepal Stock Exchange (Nepse) index advanced by 8.5 points or 0.64 per cent over five trading days of the week — March 13 to 17.

The benchmark index, which had opened at a previous high of 1,318.03 points had inched up 0.85 point to close at a fresh peak of 1,318.88 points by day’s closing. On Monday, Nepse dropped by 6.68 points on profit-booking. However, the local bourse edged up by 6.65 points on Tuesday and added 2.92 points on Wednesday before surging 10.76 points to an all-time high of 1,326.53 points on Thursday.

Altogether, 6.71 million shares of 145 companies that amounted to Rs 4.02 billion were traded through 18,407 transactions during the review period. The traded amount was a whopping 130.58 per cent higher than previous week when 7,669 transactions of 2.94 million scrips of 134 firms worth Rs 1.74 billion had been undertaken. It has to be noted, though, that the market was open for trading for only two days in previous week due to public holidays.

The sensitive index, which gauges the performance of class ‘A’ stocks, inched up 0.57 per cent to 285.23 points. Similarly, the float index that measures the performance of shares actually traded also nudged up 0.46 per cent to 95.48 points.

Among the subgroups, manufacturing and trading held steady at 1,998.78 points and 201.38 points, respectively. Except for development banks and hotels, all the subgroups landed in the green zone.

Similar to the previous week, the market rally of the week was on the back of insurance subgroup, which surged by 4.38 per cent to 6,151.51 points. Share value of Nepal Life Insurance advanced by Rs 340 to Rs 3,500 and that of Life Insurance Co Nepal by Rs 79 to Rs 3,600, among others.

The remaining gainers, however, managed to post only muted rise. Finance was up 0.78 per cent to 675.08 points, hydropower was up 0.69 per cent to 2,314.83 points, banking was up 0.45 per cent to 1,195.23 points and others inched up 0.28 per cent to 824.72 points.

Conversely, development banks — after recording impressive gains in the past several weeks — plunged by 2.01 per cent to 1,357.24 points. Nagbeli slumped by Rs 124 to Rs 3,341, Swabalamban dropped by Rs 83 to Rs 2,315 and Chimmek by Rs 69 to Rs 1,880.

Hotels too landed in the red this time around, dipping by 0.85 per cent to 1,753.43 points. Soaltee lost two rupees to Rs 328, Oriental was down Rs 10 to Rs 440 and Taragaon dropped four rupees to Rs 223.

Premier Insurance topped the chart in terms of turnover with Rs 225.04 million, followed by National Hydropower with Rs 217.42 million, Nepal Bank with Rs 202.46 million, Prudential Insurance with Rs 146.35 million and Agricultural Development Bank with Rs 142.97 million.

Meanwhile, National Hydropower Co took the lead in terms of number of shares traded with 1.16 million of its scrips changing hands. Recording 1,281 transactions to its name, Api Hydropower was the forerunner in this category.

A version of this article appears in print on March 20, 2016 of The Himalayan Times.

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...