Nepse Index rises by 5.88 per cent

By A Staff Reporter

Kathmandu, Oct 6: After harrowing fall in the index of Nepal Stock Exchange in the past few months, some sings of improvement have been witnessed in the capital market since last week.

The overall trend in the capital market now appears quite optimistic with the rise of the index by 5.88 this week. Last week the index had gone up by almost three per cent. According to stock market analysts the recent upsurge in the stock market is mainly due to stability in the money market. However, some weeks before they had expected that the stock market would improve after Vijay Dasahmi.

Another reason for improvement could be NRB’s approval for new banks. However, the number of transactions in terms of amount and shares at NEPSE trading floor last week was bigger than this week.

There has been significant rise in the index of commercial banks this week. Out of 51 companies registered, transactions of only 36 companies took place in the NEPSE trading floor.

According to NEPSE weekly report a total of 35,075 shares amounting to 1,50,25,320 rupees were traded in the last five days (from October 1-5) whereas 54,944 shares amounting to 20713,524 rupees were traded through 565 transactions in the previous week.

The NEPSE index, which was 276.46 on Monday, increased to 282.34 on Friday. The index of commercial banks like in the past has gone up by almost ten points. It has increased to 287.37 from 277.73. Similarly manufacturing sector has remained to 306.85, the index of hotel sector has declined to 257.53 from 263.37 and trading sector has remained to 100.14, insurance and finance sector has increased to 316.25 from 314.52 and other sectors have declined to 152.86 from 154.86. Out of total transactions, commercial banks occupies 78.84 per cent, manufacturing sector occupies 0.97, hotel sector occupies 0.25 per cent, insurance sector with 1.5 per cent financial sector with 18.3 per cent and other sector occupies 0.14 per cent.

This week the purchase of 22 shares in an average could not take place and sales of 14 shares each day remained unsold each day. The main reason of this could be a big gap between selling and purchasing price.

On the basis of transaction of shares, total amount of shares Bank of Kathmandu (BOK) is ahead of other companies. A total of 12155 shares amounting to 46,36,992 rupees belonging to BOK were traded through 129 transactions.

The NEPSE trading floor remained open from Monday to Friday.

Among the companies having transactions for five days are Nepal Bank Limited ( Rs300-306), Nepal Arab Bank Ltd.(Rs885-900), Nepal SBI Bank Ltd.) Nepal SBI Bank (1200-1235), Everest Bank (612-635), Bank of Kathmadu (381-383), Nepal Industrial and Commercial Bank (324-335), Nepal Merchant Banking and Finance Company (238-235), Siddhartha Finance Ltd. (168-175) and Lumbini Finance (210-215). Similarly Nepal Indosuez Bank (895-925), Standard and Chartered Bank (1750-1826), Himalayan Bank Ltd. (1200-1261), Premier Insurance Company (Rs 220) and Ace Finance (remained to Rs 500). Harishiddhi Brick and Tile Factory (534/1602), Yak and Yeti Hotels Ltd. (20/11200), Annapurna Finance Co. Ltd. (10/4500) and Lalitpur Finance Ltd. (100/46000) had a single transaction throughout the week.

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