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Sunday, July 20, 2008

WEEKLY SHARE UPDATE - Nepse set to cross 1000-point mark


Nepse jumped up a whopping 42.39 points to close at 991.91 from last week’s closing of 949.52 points. After the last two weeks’ slow performance the secondary market has geared up and looks to cross the 1000-point mark again, especially as the buying pressure is increasing in the market.

Though, the market opened in the green zone, contribution of companies trading under A-category decreased to 33.82 per cent.

The sensitive index - a barometer of A-category companies - however gained 10.90 points to 262.18 points from last week’s closing of 251.33 points.

All the five days of this week registered gains. On Sunday, it flared by 3.94 points to 953.46 points from last week’s closing of 949.52 points. On Monday, it surged by 5.80 points to 959.26 points. On Tuesday, it went up by 14.10 points to 963.36 points.

Similarly, on Wednesday, it continued to post a growth by 18.76 points to 982.12 points and on Thursday it flared by 8.79 points to close the weekly market at 991.91 points.

In terms of monetary value, Nepal Credit and Commerce Bank (Rs 262.44 million), Nepal Bangladesh Bank (Rs 197.14 million), Bank of Kathmandu (Rs 52.65 million), National Hydropower Company (Rs 45.50 million) and Nepal Investment Bank (Rs 25.08 million) are this week’s top five gainers.

In terms of numbers of share units traded, Nepal Credit and Commerce Bank topped the chart with 5,79,000 units of its shares traded this week while Biratlaxmi Bikas Bank topped the chart in terms of number of transactions, with 173.

This week, shares of 73 companies were traded against last week’s 77 companies.

This week Nepse saw transac tions of Rs 878.99 million against last week’s Rs 408.87 million. Ex cept hotel, trading and manufac turing groups, all other groups gained this week.

Nepse listed 15,000,00 unit NEA Power Bond-2069 worth Rs 1,000 face value that attracts 7.75 per cent interest per annum.
Source: THT

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