Nepal | September 30, 2020

Weekly turnover in Nepse below Rs 2bn for second consecutive week

Himalayan News Service
Share Now:

Nepse index market updateKathmandu, January 21

Despite slight improvement, the weekly traded amount in the country’s only secondary market remained below Rs two billion for the second consecutive week in the period between January 15 and 19, while the Nepal Stock Exchange (Nepse) index fell by 17.3 points or 1.17 per cent in the review period.

Initial public offerings (IPOs), follow-on public offers (FPOs) and issuance of rights shares of the listed companies have been attributed to the fall in daily turnover in recent weeks. Moreover, the impressive deposit rates being offered by banks and financial institutions at present have also attracted share investors at a time when the market movement has been mostly lateral or on the downside.

Altogether, 11.32 million shares of 153 companies worth Rs 1.86 billion were traded through 14,785 transactions during the week. The traded amount was 6.96 per cent higher than the preceding week when 13,140 transactions of 10.03 million shares of 148 firms that amounted to Rs 1.74 billion had been undertaken.

Starting the week at 1,479.86 points on Sunday, the benchmark index had shed 2.14 points by the day’s closing. The local bourse was southbound for next three days — dropping 11.63 points on Monday, 3.05 points on Tuesday and 0.81 point on Wednesday. On Thursday, however, Nepse index edged up 0.33 point to close the week at 1,462.56 points.

Nepse index new listings table

Source: Nepse

The sensitive index fell by 2.64 points or 0.82 per cent to 317.32 points. Similarly, the float index also dipped by 1.55 points or 1.41 per cent to 108.54 points.

Apart from trading, which edged up 1.13 points or 0.55 per cent to 206.16 points, all the subgroups landed in the red during the week. Trading sub-index was buoyed by Salt Trading Corporation’s share value going up by 3.46 per cent to Rs 239.

The drop of 21.03 points or 1.48 per cent to 1,397.17 points witnessed by banking — the share market heavyweight — was the deadweight for the benchmark index. Even as stock price of Standard Chartered surged by 9.11 per cent to Rs 2,180, the subgroup declined because of banks like Nabil dropping by 3.85 per cent to Rs 1,500 and Everest down 1.61 per cent to Rs 1,894.

Close on its heels, hydropower descended by 25.45 points or 1.46 per cent to end the week at 1,721.77 points. This was due to Arun Valley falling by 3.16 per cent to Rs 245 and Barun slumping by 5.96 per cent to Rs 268.

Manufacturing saw the previous week’s gain of 0.2 per cent wiped out as the sub-index dropped by 25.96 points or 1.23 per cent to rest at 2,076.82 points, primarily because of share price of Himalayan Distillery plunging by 15.07 per cent to Rs 637.

After past week’s dive of 3.96 per cent, insurance subgroup limited its loss to 78.37 points or 1.13 per cent to close at 6,856.43 points. This was due to firms like Sagarmatha losing 3.69 per cent to Rs 1,173 and Premier down 2.92 per cent to Rs 1,398.

Finance fell by 5.96 points or 0.84 per cent to 704.62 points, others slipped 4.91 points or 0.67 per cent to 727.67 points, development banks shed 3.62 points or 0.24 per cent to 1,515.31 points and hotels dipped 3.97 points or 0.21 per cent to 1,860.97 points.

Meanwhile, Prabhu Bank (Promoter Share) topped the chart in terms of weekly turnover with Rs 209.30 million, followed by Standard Chartered Bank with Rs 140.98 million, Prabhu Bank with Rs 133.47 million, Siddhartha Bank with Rs 84.50 million and Nepal Life Insurance Co with Rs 66.77 million.

Nabil Balanced Fund – I retained its position as the forerunner with regards to trading volume with 3.26 million of its scrips changing hands and Prabhu Bank took the lead in number of transactions, with a total of 1,500 transactions to its name.


A version of this article appears in print on January 22, 2017 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Diogo Jota

Liverpool maintain 100% start with win over Arsenal

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...

Fulham, Aston Villa, Ivan Cavaleiro, Matty Cash

Villa beat Fulham 3-0 to move into top four

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...

Private hospitals, labs to charge Rs 3,899 for PCR test

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...

President issues ordinances on acid attack punishment, acid sale regulation

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...

Editorial: Unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country

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...

Ayurvedic literature: Delving into its history

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...

Six student leaders arrested for staging protest outside Chinese Embassy in Kathmandu

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...

Woman found dead in Saptari district

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...