Nepal | September 29, 2020

Secondary market welcomes 2017 in positive territory

Himalayan News Service
Share Now:

share market updateKathmandu, January 7

Snapping four weeks of losses, the domestic share market ushered in the year 2017 in positive territory with the Nepal Stock Exchange (Nepse) index recording weekly gain of 10.76 points or 0.74 per cent between January 1 and 5.

Starting the week at 1,443.38 points on Sunday, the benchmark index had surged by 22.34 points by the day’s closing. Nepse added another 17.13 points on Monday. However, on Tuesday, the local bourse plunged by 26.03 points on profit booking. While Nepse inched up by one point on Wednesday, the benchmark index shed 3.68 points on Thursday to end the week at 1,454.14 points.

The sensitive index, which gauges the performance of class ‘A’ stocks, went up by 2.48 points or 0.79 per cent to 314.12 points. Similarly, the float index that measures the performance of shares actually traded also inched up by 1.09 points or 1.02 per cent to 108.22 points.

In total, 4.54 million shares of 149 companies that amounted to Rs 2.16 billion changed hands through 18,551 transactions during the week. The traded amount was 2.71 per cent higher than the preceding week when 17,424 transactions of 5.24 million scrips of 147 firms worth Rs 2.11 billion had been undertaken.

Apart from trading remaining stationary at 205.03 points, half of the remaining subgroups witnessed gains, while the other half recorded losses.

New listings of share holders

Source: Nepse

Banking — the share market heavyweight — led the pack of gainers with the subgroup advancing by 21.76 points or 1.59 per cent to settle at 1,386.84 points. This was on the back of share value of commercial banks like Standard Chartered going up by 1.11 per cent to Rs 1,912, and Himalayan surging by 5.49 per cent to Rs 865, among others.

Others increased by 6.94 points or 0.95 per cent to land at 736.34 points. Even as Hydroelectricity Investment and Development Company shed 1.33 per cent to Rs 223, the sub-index was propped up by Nepal Telecom’s share price rising by 1.45 per cent to Rs 700.

Hydropower recovered some of the loss of the previous week, as the sub-index rose by 12.86 points or 0.75 per cent to rest at 1,723.2 points. Chilime went up by 0.87 per cent to Rs 807 and Sanima Mai gained 1.27 per cent to Rs 785.

Similarly, development banks added 8.11 points or 0.53 per cent to close at 1,530.11 points. Chhimek climbed 3.24 per cent to Rs 1,115 and Swabhalamban advanced four per cent to Rs 1,300.

Meanwhile, insurance continued its free fall with the subgroup taking a dive of 115.74 points or 1.7 per cent to 6,670.3 points. Nepal Life slumped by 5.36 per cent to Rs 2,650 and Shikhar was down 1.46 per cent to Rs 2,030.

After holding constant in the past week, manufacturing dropped by 34.47 points or 1.61 per cent to 2,102.44 points, weighed down by Unilever Nepal falling nearly two per cent to Rs 27,000.

Hotels retreated by 11.88 points or 0.63 per cent to 1,873.35 points and finance dipped 3.49 points or 0.5 per cent to close at 692.26 points during the review period.

Meanwhile, Nepal Telecom topped the chart of top-five in terms of weekly turnover with Rs 135.95 million, followed by Everest Bank with Rs 121.90 million, Nepal Life Insurance Co with Rs 107.55 million, Kumari Bank with Rs 89.67 million and Bank of Kathmandu Lumbini with Rs 81.42 million.

NMB Sulav Fund – I was forerunner with regards to trading volume with 736,000 of its scrips changing hands and Kumari Bank took the lead in number of transactions — 950.

A version of this article appears in print on January 08, 2017 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Kathmandu Valley records 817 infections on Monday

KATHMANDU: Kathmandu valley logged over 800 additional cases of coronavirus infection in the last 24 hours. As per the Health Ministry’s latest report, 817 new infections surfaced in the valley today, which 60.47 per cent of the total caseload. Read Also: 1,351 new cases take Nepal’s coro Read More...

Four Covid-19 fatalities recorded on Monday, tally shifts to 481

KATHMANDU: Four people passed away from Covid-19 related complications in the last 24 hours, with which the nationwide death-toll has moved to 481. Two women and two men lost their lives due to this infection, the Health Ministry’s latest update showed. Read Also: 1,351 new cases take Nepal Read More...

Royal Bengal Tiger of Chitwan National Park

Mahout killed in tiger attack in Chitwan National Park

CHITWAN: A man has been killed in a tiger attack in an intermediate community forest of Chitwan National Park today. Previously, a person was killed by a tiger two days ago on Saturday in the western part of Chitwan district. The deceased has been identified as Babana Chaudhary (55) of Ratnanagar Read More...

Coronavirus , vaccines, vaccines trails

Inovio's potential COVID-19 vaccine trial on partial clinical hold

LONDON: Inovio Pharmaceuticals Inc said on Monday the US Food and Drug Administration had placed a partial clinical hold on the company's planned mid-to-late-stage trial of its experimental coronavirus vaccine candidate. The company said the pause was not due to any side effects in its early-stag Read More...

Ronaldo double earns point for 10-man Juventus at Roma

ROME: Cristiano Ronaldo’s second goal of the night rescued a 2-2 draw for 10-man Juventus away to AS Roma in Serie A on Sunday, after Jordan Veretout had twice put the capital club in front. Veretout and Ronaldo netted penalties after both teams were penalised for handball, and the French midfield Read More...

Nepal COVID-19 Update: 1351 new cases, 742 recoveries, four fatalities recorded on Monday

KATHMANDU: Nepal’s Health Ministry, in its regular press briefing, shared the latest updates on coronavirus contagion from across the country, and government’s response to the health crisis. READ ALSO: Kathmandu Valley records 817 infections on Monday As of today, 998,407 tests throug Read More...

K-pop’s BLACKPINK drop teaser for title track ‘Lovesick Girls’ from debut album

KATHMANDU: K-pop’s most popular girl band BLACKPINK on September 28 announced Lovesick Girls, the title track of their debut full-length LP The Album. According to The Korea Times, the group's label YG Entertainment dropped a teaser poster on social media, announcing the title track, Lovesi Read More...

President issues three ordinances

KATHMANDU: President Bidya Devi Bhandari has issued three ordinances, including one related to prevention and control of acid and other harmful chemicals. The President issued these ordinances in accordance with Article 114 (1) of the Constitution of Nepal and on the recommendation of the Council Read More...