Nepal shares gain 53pts

After falling nearly 13 points last week, Nepal Stock Exchange (NEPSE) Index rebounded this week gaining 53.21 points to finish at 1034.02 points.

936,259 units of shares amounting Rs 813.3 million were traded through 4,626 transactions during the week. In terms of transaction amount, trading in the sole secondary market of the country recorded 86.70 percent rise this week. 508,623 units of shares worth Rs 435.6 changed hands through 2,966 transactions last week.

Trading of ‘A’ category companies reached 510.6 million and made up 62.78 percent of the total transactions.

Under the group-wise trading, the index of Commercial Banks shot up by 68.44 points to end at 1081 points on Thursday, the last day of transaction. Development Bank group posted the second biggest rise after the shares of commercial banks going up by 62.51 points from an opening of 1371.88 points on the first day of transaction.

Similarly, the index of Finance Companies and Hydro Power companies also went up by 38.48 points and 17.41 points respectively to finish at 1173.08 points and 1249.45 points.

However, the Index of Insurance companies and trading companies saw falls of 16.81 points and 3.77 points respectively to reach 813.58 points and 200.31 points. The Index of manufacturing and the Others group remained unchanged.

The sensitive index, which indicates the level of transaction of the companies of ‘A’ category, rose by 15.49 points to end at 274.84 points.

Nepal Credit and Commerce Bank led all the companies in terms of transaction amount, number of share traded and the number of transactions. 318,000 units of shares of the bank, worth Rs 146.6 million were traded through 378 transactions during the week.

According to NEPSE, Nepal Credit and Commerce Bank, Kist Merchant Bank and Finance, National Hydro Power Company, Cosmic Merchant Finance, and Nepal Bangladesh Bank were the top five companies respectively in term of transaction amount.
Source: eKantipur