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Sunday, June 8, 2008

A-category firms push Nepse up


The companies listed under A-category contributed 70.37 per cent in the total transactions, pushing the Nepse up this week.

Nepse recorded a whopping growth of 52.02 points to 885.20 points from last week’s closing of 833.18 points. The sensitive index — an index of the A-category companies — also surged by 15.41 points to 232.98 points from last week’s closing of 217.57 points.

The secondary market ended in the green zone on four-day among the five-day session in a week, loosing only one day, on Tuesday.

On Sunday, Nepse surged by 27.44 points to 860.62 points from last week’s closing of 833.18 points.

Similarly, on Monday it posted a growth of 13.13 points to 873.75 points.

However, on Tuesday, it plunged by 15.12 points to 858.63 points.

On Wednesday, the Nepse bounced back by 9.30 points to 867.93 points.

On the last day of trading in the domestic market, on Thursday, it flared by 18.27 points to close the weekly trading at 885.20 points.

In terms of monetary value, Bank of Kathmandu (with Rs 56.50 million), Kist Merchant Banking and Finance (with Rs 53.93 million), Standard Chartered Bank, Nepal (with Rs 32.83 million), Annapurna Development Bank (with Rs 32.55 million) and Development Credit Bank (with Rs 31.35 million) are this week’s top five gainers.

In terms of numbers of share units traded, Kist Merchant Banking and Finance topped the chart with 59,000-unit of its shares being traded this week, while Annapurna Development Bank topped the chart in terms of number transaction with 1222 transactions.

Altogether 80 companies, out of total listed companies, saw their shares being traded at the sole secondary market of the country this week.

The better performance of commercial banks, development banks, hydropower and insurance groups propelled the Nepse.

However, this week. finance companies group ended in the negative territory. Hotel group also lost 4.51 points to 397.42 points from last week’s closing of 401.93 points.

The finance company group plunged by 67.98 points to 1035.42 points from last week’s closing of 1103.4 points.

Similarly, commercial banks group registered 63.29 points growth to 897.96 points from last week’s closing of 834.76 points, while, development bank group flared by 143.62 points to 1139.99 points from last week’s closing of 996.37 points.

Insurance group and hydropower group also posted 61.65 points (to 830.90 points from last week’s closing of 769.25 points) and 63.69 points (to 1225.33 points from last week’s closing of 1161.64 points) growth, respectively.

Source: The Himalayan Times

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