Kathmandu, January 1
Share investors ushered in the new year on a buoyant note, resulting in the secondary market changing course today after nearly two weeks.
The Nepal Stock Exchange (Nepse) index ascended by 44.22 points or 3.18 per cent to close at 1,434.80 points today.Nepse index had been continuously falling from December 14, when the market had closed at 1,520.15 points.
The benchmark index, which had opened at 1,390.59 points today, had reached 1,416.60 points within one hour of trading. While the market retreated to 1,401.11 points over the next half an hour, the market rose again to close at 1,434.80 points for the day. The last time Nepse had closed at the current level was on December 26, when the market had settled at 1,447.04 points.
In tandem with Nepse index, sensitive index increased by 9.2 points or 3.15 per cent to 301.32 points and the float index also went up by 3.32 points or 3.32 per cent to 103.22 points during the four-hour trading period.
Chairman of Nepal Investors Forum, Ambika Prasad Paudel said that the decision of commercial banks not to let the interest rate exceed 12 per cent was reflected in the capital market today. “The announcement yesterday evening that Nepal Bankers’ Association members had decided to cap interest rates at 12 per cent was clearly reflected in the share market today,” Paudel explained.
The sub-index of commercial banks increased by 42.52 points or 3.58 per cent to 1,231.71 points, microfinance sector rose by 69.47 points or 4.13 per cent to 1,751.20 points, insurance group gained 270.8 points or 3.75 per cent to 7,483.03 points, development banks group advanced by 45 points or 2.85 per cent to 1,624.62 points and the finance group went up by 13.26 points or 1.83 per cent to 738.53 points.
Similarly, the sub-index of hotels ascended by 5.33 per cent or 111.57 points to 2,203.30 points, hydropower sector rose by 59.8 points or 3.14 per cent to 1,966.24 points, trading inched up by 2.87 points or 1.49 per cent to 194.85 points and the manufacturing and production sector edged up by 25.32 points or 1.01 per cent to 2,521.08 points. Meanwhile, the others sector shed 0.11 per cent or 0.87 points to rest at 772.49 points by the time of closing today.
A total of 1,141,463 unit shares of 163 listed firms worth Rs 498.47million changed hands through 5,229 transactions today.
Standard Chartered Bank topped the list in terms of turnover with Rs 28.86 million, while its last trading price for the day was Rs 1,033 per unit.
Similarly, Prabhu Bank was forerunner in terms of most number of shares traded with its 82,802 unit shares changing hands and its last trading price was Rs 325 per unit.
|Company||Last trading price||Change|
|Rastriya Beema Company (Promoter)||Rs 13,350||8.54%|
|Rastriya Beema Company||Rs 14,175||8.50%|
|World Merchant Banking and Finance||Rs 130||8.33%|
|Mithila Laghubitta Bikas Bank||Rs 1,136||7.98%|
|Himalayan Bank||Rs 636||7.80%|
|Company||Last trading price||Change|
|Purnima Bikas Bank||Rs 220||-3.08%|
|NIBL Pragati Fund||Rs 10.19||-2.02%|
|Globa IME Samunnat Scheme-1||Rs 9.57||-1.95%|
|Kisan Microfinance Bittiya Sanstha||Rs 1,848||-1.75%|
|Sahayogi Bikas Bank||Rs 240||-1.22%|
A version of this article appears in print on January 02, 2018 of The Himalayan Times.
KATHMANDU, SEPTEMBER 26 Students take to the streets on Saturday demanding justice for a 12-year-old girl whose dead body was found in a temple in Bajhang district on Thursday night. The minor was raped before being killed by the culprit/s. As per local police, investigation into the case in unde Read More...
BRIGHTON: Manchester United beat Brighton & Hove Albion 3-2 away in the Premier League on Saturday after an incredible finale in which Bruno Fernandes struck the winning goal from the penalty spot in the 100th minute of the game. Fernandes's winner, which came after referee Chris Ka Read More...
Chelsea striker Tammy Abraham struck a 93rd-minute equaliser as they battled back from three goals down to draw 3-3 at West Bromwich Albion in their Premier League clash on Saturday. An error by Marcos Alonso led to Callum Robinson opening the scoring for West Brom in the fourth minute and t Read More...
KATHMANDU, SEPTEMBER 26 Months after the two bills related to adjustment of Nepal Police and Provincial Police were authenticated, provincial governments have not been able to take control of police. As a result, Province 2 government has sent an angry letter to the federal home ministry asking i Read More...
SIRAHA, SEPTEMBER 26 Community schools in Laxmipur Patari Rural Municipality and Mirchaiya Municipality of Siraha, that have remained closed for the past six months are likely to open from tomorrow. Education sections of both the local bodies, by issuing separate notices, decided to open s Read More...
DHULIKHEL, SEPTEMBER 26 Three persons, including campus chief, have been absconding ever since police issued an arrest warrant against them in Kavre’s Banepa. A fraud charge was filed against three people including Kavre Multiple Campus Chief KJ Baidar in Kavre’s Banepa Municipality, with Read More...
KATHMANDU, SEPTEMBER 26 Traffic police have expedited inspection and monitoring of public vehicles in Kathmandu valley to ensure that they follow health guidelines and other requirements specified by the government to prevent and control COVID-19. Senior Superintendent of Police Bhim Prasad Dh Read More...
DHANGADI, SEPTEMBER 26 Dhangadi sub-metropolis has been providing free food and health facilities for Nepalis returning from India at border entry point, in Dhangadi. Deputy Mayor Sushila Mishra Bhatta of the sub-metropolis said food and water were being offered to the returnees ever since the Read More...