Nepal | November 13, 2019

Secondary market ushers in Nepali New Year on a buoyant note

Himalayan News Service

 

New Listings

Name

Type

Unit

Bagmati Development Bank

Bonus

75,000

Century Commercial Bank

Rights

5,300,000

Everest Bank

Bonus

6,052,163

Goodwill Finance

Bonus

330,652

Guheshwori Merchant Banking and Finance

Bonus

383,401

Himalayan Bank

Bonus

11,664,450

Manaslu Bikas Bank

Bonus

218,295

Manjushree Finance

Bonus

256,500

Nepal Express Finance

Bonus

342,537

NIC Asia Bank

Bonus

10,367,310

Prime Commercial Bank

Bonus

5,652,095

Swarojgar Laghubitta Bikas Bank

Bonus

136,800

Kathmandu, April 16

Bullish investor sentiment helped the country’s only secondary market welcome the Nepali New Year 2073 BS on a positive note, clocking a weekly gain of 28.36 points or 2.05 per cent to cross threshold of 1,400 points for the very first time.

The benchmark index was northbound throughout the week. Nepse had opened at 1,377.42 points on Sunday and had gained five points by the day’s closing. On Monday, it edged up 1.43 points and advanced 4.78 points on Tuesday. The local bourse remained closed on Wednesday in celebration of the Nepali New Year. On Thursday, Nepse surged by 17.15 points and closed at a record peak of 1,405.78 points.

In total, 4.47 million shares of 147 firms worth Rs 2.27 billion were traded through 10,781 transactions during the week. The traded amount was 8.64 per cent higher than previous week when 10,869 transactions of 3.41 million scrips of 142 firms that amounted to Rs 2.09 billion had been undertaken.

Sensitive index, which gauges the performance of class ‘A’ stocks, rose 2.13 per cent to 303.72 points. Likewise, float index that measures performance of shares actually traded also gained 2.19 per cent to 101.04 points.

Whereas trading remained constant at 201.38 points, hydropower was the only subgroup to land in the red like in the previous week. The sub-index dipped 0.38 per cent to 2,282.81 points, weighed by Chilime losing three rupees to Rs 1,319, Sanima Mai down four rupees to Rs 856 and Api dropping six rupees to Rs 663.

Commercial banks led the market rally in the review period, with the banking sub-index advancing 3.03 per cent to 1,310.7 points. Standard Charted surged by Rs 135 to Rs 3,245, Nepal Investment by Rs 103 to Rs 1,110 and Nabil rose by Rs 29 to Rs 2,120, among others.

Hotels rose 2.98 per cent to 1,862.98 points. Even as Taragaon fell by six rupees to Rs 214, the loss was offset by Soaltee gaining Rs 10 to Rs 348 and Oriental up Rs 19 to Rs 510.

Unilever’s share value surged by Rs 1,040 to Rs 32,252, which in turn pulled the manufacturing  subgroup up 2.52 per cent to 2,193.48 points.

Development banks gained 1.68 per cent to 1,387.52 points. Nagbeli rose by Rs 62 to Rs 3,230 and Swarojgar went up by Rs 60 to Rs 2,400, among others.

Finance rose 1.54 per cent to 716.5 points, mostly on back of share value of Citizen Investment Trust going up by Rs 162 to Rs 4,462.

Nepal Telecom’s stock price edged up by six rupees to Rs 715, which in turn pulled the others subgroup up 0.85 per cent to 839.99 points. Meanwhile, insurance inched up 0.1 per cent to 6,143.62 points.

Nepal Bank took the lead in terms of number of transactions and turnover, securing a total of 634 transactions worth
Rs 165.05 million.

Others with highest turnover were Nepal Bangladesh Bank with Rs 119.97 million, Nepal Investment Bank with Rs 119.22 million, Nabil Bank (Promoter Share) with Rs 109.67 million and Citizens Bank International with Rs 89.23 million.

NIBL Samriddhi Fund-I was forerunner in terms of number of shares traded, with 606,000 of its scrips changing hands.


A version of this article appears in print on April 17, 2016 of The Himalayan Times.


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