Shareholders cheer up as Nepse looks up

KATHMANDU: The shareholders of all the major sub-groups — commercial banks, development banks, finance companies, hydropower and others — gained this week as these sub-groups propelled the Nepse to 702.88 points. The Nepse surged by 35.45 points to 702.88 points from last week’s closing of 667.43 points in a week after a long spell of bearish trend. The investors looked hopeful that the budget would bring some relief to them like the capital gain tax would come down to 10 per cent from the present 15 per cent.

The shareholders of commercial banks and development banks sub-groups posted a whopping gain as they gained 51.54 points to 736.57 points and 44.31 points 744.66 points in five day trading this week.

Similarly, the contribution of Group-A companies — the blue-chip shares in the domestic market — also increased to 44.36 per cent against week’s 24.69 per cent. However, the transaction has decrease by 17.36 per cent to Rs 382.31 million against last week’s increase of 103.88 per cent.

The 78-scrip sensitive index also flared by 10.73 points to 188.09 points from last week’s closing of 177.36 points. The float index — calculated on the basis of real transactions — also gained 3.38 points to close at 67.47 7points from last week’s closing of 64.09 points. This week Nepal Bangladesh Bank (with Rs 62.37 million) topped the chart in terms trading amount followed by Bank of Kathmandu (with Rs 36.86 million), NIC Bank (with Rs 36.85 million), IME Finance (with Rs 19.59 million) and National Hydropower (with Rs 18.92 million). In terms of number of share units traded also Nepal Ban gladesh Bank topped the chart with Rs 62.37 million transaction of 2,49,000-unit shares changing hands, wh ile Pashupati Development Bank topped chart in terms of number of transactions .