Kathmandu, July 9
The domestic stock market snapped four weeks of bull-run in the week of July 3 to 6 as the Nepal Stock Exchange (Nepse) index dipped 7.51 points or 0.43 per cent to rest at 1,715.72 points.
Starting the week at 1,723.23 points on Sunday, the benchmark index had dropped 4.03 points by the day’s closing. Nepse shed 2.37 points on Monday and 3.8 points on Tuesday.
On Wednesday, however, the local bourse inched up 2.69 points. The country’s only secondary market remained closed on Thursday as the country observed Eid.
Altogether 9.96 million shares of 147 companies worth Rs 6.01 billion were traded through 24,433 transactions during the week. The traded amount was 28.16 per cent less than the previous week when the local bourse had remained open for trading for normal five days.
Back then, 32,839 transactions of 22.84 million scrips of 150 firms that amounted to Rs 8.39 billion had been undertaken.
The sensitive index, which gauges the performance of class ‘A’ stocks, was down 0.6 per cent to 370.01 points. Similarly, the float index that measures the performance of shares actually traded also dipped by 0.37 per cent to 125 points in the week.
As per stock analysts, the country’s only secondary market is more or less stable at present, although they advise in adopting prudence while
investing in share market.
Trading was the only subgroup to remain constant at 202.79 points.
Finance subgroup recorded the highest gain of 9.67 per cent to surge to 851.42 points. Share value of Citizen Investment Trust rose by Rs 720 to Rs 5,320 and Pokhara Finance by Rs 32 to Rs 363.
Adding to the previous week’s rise of 5.39 per cent, the sub-index of development banks went up by 2.72 per cent to 1,794.71 points. This was on the back of development banks like Nagbeli gaining Rs 336 to Rs 4,486, and Nirdhan Utthan up Rs 10 to Rs 2,460, among others.
Manufacturing inched up 1.85 per cent to 2,451.9 points because of Unilever Nepal’s stock price going up by Rs 11 to Rs 35,011.
Nepal Telecom’s share value rose by eight rupees to Rs 692, which in turn pulled the others subgroup up 1.17 per cent to 812.97 points.
On the flipside, insurance sub-index plunged 4.35 per cent to 9,137.43 points. Nepal Life’s share price plummeted by Rs 320 to Rs 4,275, while that of Prime Life took a beating by Rs 169 to Rs 2,326.
Hydropower dipped one per cent to 2,718.05 points and banking edged down 0.83 per cent to 1,554.04 points.
Meanwhile, Rastriya Beema Sansthan (Promoter Share) topped chart in terms of turnover with Rs 274.26 million, followed by Everest Bank with Rs 250.73 million, Rural Microfinance Development Centre with Rs 242.72 million, First Microfinance Development Bank with Rs 201.81 million and Nepal Life Insurance with Rs 198.44 million.
NIBL Samriddhi Fund – I was the forerunner with regards to trading volume, with 1.17 million of its scrips changing hands.
Rural Microfinance Development Centre clocked 1,002 transactions — the most number of transactions recorded by a single listed firm in the week.
LIVERPOOL: Premier League champions Liverpool maintained their 100% start to the season with a 3-1 win against Arsenal at Anfield on Monday leaving them level on nine points with pacesetters Everton and Leicester City. The visitors took the lead through an Alexandre Lacazette strike but L Read More...
LONDON: Aston Villa moved into the Premier League top four after they strolled to a 3-0 win at Fulham thanks to goals from Jack Grealish, Conor Hourihane and Tyrone Mings in a lopsided contest on Monday. The result left Villa, who narrowly avoided relegation last season, fourth on a maximu Read More...
KATHMANDU, SEPTEMBER 28 Private hospitals have fixed their own rate for conducting polymerase chain reaction tests, saying that the fee allocated by the Ministry of Health and Population was too less. Eight private hospitals and labs, including HAMS Hospital, Star Hospital, B&B Hospital an Read More...
KATHMANDU, SEPTEMBER 28 President Bidhya Devi Bhandari today issued two ordinances to increase jail sentence for acid attackers and to regulate the sale and distribution of acid and other harmful chemicals. One of the ordinances amended the new penal code, proposing to increase jail term for a Read More...
The unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country Unemployment is a big problem in Nepal. That is why youths in large numbers migrate to other countries, mostly India, the Middle East, Malaysia, South Korea and Japan, where they e Read More...
The travelogue of Chinese pilgrim Faxian was the earliest testimony to describe the healthcare system in ancient South Asia. It is close to the description by the earliest Ayurvedic compendium, Charaka Samhita Ayurveda has become a buzzword in the contemporary setting of medicine in the era of COVI Read More...
KATHMANDU, SEPTEMBER 28 Six student leaders of Nepal Student Union, the student wing of major opposition Nepali Congress, were arrested today for staging a protest outside the Chinese Embassy at Baluwatar against the alleged border encroachment by the Chinese side in Humla district. The NSU le Read More...
A police team has been deployed from Province Police Office, Janakpur, to investigate the case RAJBIRAJ, SEPTEMBER 28 A 50-year-old woman was found dead at Mayanakaderi village, Ward No 2 of Tirhut Rural Municipality, Saptari, yesterday. The body of Dayaman Devi, wife of local Shiv Narayan, w Read More...