KATHMANDU, MAY 14
The Nepal Stock Exchange (Nepse) index recuperated the nearly five per cent loss of previous week by advancing 4.99 per cent or 111.80 points over the trading period between May 8 and 12.
The sensitive index, which measures performance of class 'A' stocks, increased by 4.95 per cent or 21.41 points to 453.96 points. Similarly, the float index that gauges performances of shares actually traded also rose by 5.12 per cent to 160.69 points.
Altogether 20.55 million shares were traded duringthe trading week through 160,262 transactions that amounted to Rs 8.56 billion.
The weekly turnover was more than 97 per cent higher than the preceding week when 12.25 million shares had changed hands through 93,229 transactions that totalled Rs 4.34 billion.
However, it is to be noted that the share market had remained closed for two days due to public holidays in the previous week against the normal five days in the review week.
Nevertheless, the average daily turnover also rose by over 18 per cent during the review period.
The average daily turnover in the past week was Rs 1.44 billion and it increased to Rs 1.71 billion this week.
The benchmark index had opened at 2,238.62 points on Sunday and rose by 17.96 points to close at 2,256.58 points for the day. Nepse index rose by 12.27 points on Monday to 2,268.85 points, jumped by 44.15 points to 2,313.00 points on Tuesday and advanced by 56.07 points to 2,369.07 points on Wednesday. The market witnessed slight correction on the last trading day, with the benchmark index dropping by 18.65 points to settle at 2,350.42 points for the week.
All the subgroups landed in the green during the week, led by the finance sub-index, which surged by 10.87 per cent to 1,771.53 points. Hydropower subgroup was close on its heel with the subgroup advancing by 10.27 per cent to 2,701.32 points. The others subgroup gained 7.13 per cent to 1,824.20 points, development banks rose by 6.61 per cent to 4,079.87 points, investment went up by 5.54 per cent to 76.74 points.
Meanwhile, microfinance advanced by 4.95 per cent to 4,803.94 points, manufacturing and processing by 4.73 per cent to 5,574.34 points, hotels and tourism by 3.77 per cent to 2,989.80 points.
Banking, the subgroup with the highest weightage on the market capitalisation, rose by 3.68 per cent to 1,591.15 points. It was followed by non-life insurance that rose by 3.50 per cent to 10,357.81 points, trading subgroup that jumped by 2.28 per cent to 2,065.99 points, life insurance which went up by 1.31 per cent to 11,897.68 points and mutual funds that edged up by 0.98 per cent to 15.41 points.
A version of this article appears in the print on May 15, 2022, of The Himalayan Times.
