Nepal | September 21, 2020

Benchmark index soars to new height on bullish investor sentiment

Himalayan News Service
Share Now:
Nepse's new listings

Source: Nepse

Kathmandu, April 30

Bullish investor sentiment caused the Nepal Stock Exchange (Nepse) index to clock a weekly gain of 23.24 points or 1.61 per cent to rest at a fresh peak of 1,464.91 points in the trading week of April 24 to 28.

Starting the week at 1,441.67 points on Sunday, the benchmark index had gained 12.68 points by the day’s closing and added another 7.4 points on Monday. Owing to profit-booking, Nepse dropped 8.64 points on Tuesday. However, the local bourse more than recovered the loss over the following two days — advancing 5.27 points on Wednesday and another 6.53 points on Thursday.

Altogether, 6.93 million shares of 141 firms that amounted to nearly Rs 4.60 billion were traded through 20,464 transactions in the week. The traded amount was 5.28 per cent higher than the previous week when 18,310 transactions of 7.42 million scrips of 145 firms worth Rs 4.37 billion had been undertaken.

Nepse market update

Source: Nepal Rastra Bank (NRB)

The sensitive index, which gauges the performance of class ‘A’ stocks, rose 1.63 per cent to 317.27 points. Likewise, the float index that measures the performance of shares actually traded also went up 1.61 per cent to 105.71 points.

Whereas trading remained constant at 201.38 points, finance, hydropower and others landed in the red during the week.

Manufacturing took the lead in terms of gain, with the subgroup surging by 4.65 per cent to 2,354.24 points, on the back of Unilever’s share value soaring by Rs 2,017 to Rs 35,350.

On its heels, development banks rose by 3.95 per cent to 1,465.36 points. Nagbeli was up Rs 188 to Rs 3,468, Swabhalamban went up by Rs 244 to Rs 2,699 and Chhimek by Rs 159 to Rs 2,058.

With investors capitalising on reduced price of insurance stocks, the sub-index ascended 2.95 per cent to 6,541.41 points, with the likes of Life Insurance Co Nepal climbing Rs 195 to Rs 3,880 and Sagarmatha up Rs 61 to Rs 1,359.

The subgroup of commercial banks advanced 1.26 per cent to 1,385.77 points as share price of Standard Chartered went up by Rs 221 to Rs 3,595, and Nepal SBI up Rs 34 to Rs 1,760.

Hotels edged up 0.33 per cent to 1,918.6 points. Even as Soaltee shed five rupees to land at Rs 353 and Oriental dipped by four rupees to Rs 525, Taragaon’s share value soared by Rs 50 to Rs 264, which pulled the sub-index up.

Conversely, finance, hydropower and others subgroups witnessed minimal losses in the week. Finance fell 0.78 per cent to 718.84 points, hydropower by 0.50 per cent to 2,258.71 points and others by 0.15 per cent to 768.34 points.

Standard Chartered Bank took the lead in terms of turnover with Rs 405.06 million, followed by Nepal Life Insurance with Rs 296.94 million, ztNepal Bangladesh Bank with Rs 281.86 million, Global IME Bank with Rs 171.33 million and Everest Bank with Rs 160.64 million.

National Hydropower was the forerunner in terms of number of shares traded, with 526,000 of its scrips changing hands. Nepal Bangladesh Bank recorded most number of transactions — 1,199.

A version of this article appears in print on May 01, 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...