The Nepal Stock Exchange (NEPSE) Tuesday showed some signs of recovery as it went up by 5.15 points to close at 684.88 points at the end of the day's trading. The index fell by 5.88 points on Monday to 679.73 points. The sensitive index also gained 2.56 points.
It will be too early to say whether NEPSE sustains this recovery or not. Though NEPSE rose on Tuesday, the total turnover and the number of shares traded declined.
Tuesday's total turnover amounted to Rs. 68.24 million compared to Rs. 68.79 million on Monday. The total number of shares traded stood at 105,554 units. About 70 scripts were traded on Tuesday compared to 61 on Monday.
The leading sub-indices on NEPSE on Tuesday were the hydropower sector with the highest increment of 37.99 points followed by the banking sector with an increase of 10.54 points. The hotel sector was up 2.9 points and insurance by 0.13 point. The sub-indices that lost on the floor were development bank with the highest decline of 7.03 points followed by the finance sector which fell by 5.94 points.
Shares of 19 commercial banks were traded on Tuesday with the stock prices of 12 banks showing an increase. Nabil Bank led the pack with an increase of 160 points in its share price while Global Bank lost the most on the floor with a 28-point decline.
Among the 14 development banks whose shares were traded on NEPSE, two saw its share prices go up. The top gainer among development banks was Ace Development Bank whose stock rose 35 points while Gandaki Bikas Bank, Gurkha Development Bank and Pashupati Development Bank were the biggest losers with their stocks shedding 29 points each.
Likewise, shares of about 27 finance companies changed hands on Tuesday with eight finance companies posting an increase in their stock prices. IME Financial Institution came out tops with a gain of 34 points.
The top gainers on NEPSE were Chilime Hydropower Company with an increase of 7.92 percent in its share price. Meanwhile, the top losers on Tuesday were Imperial Finance Institute.
In terms of total turnover, Nepal Share Markets Promoters Share stood on top with a turnover of Rs. 26.920 million.
Source
ekantipur.com
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Wednesday, June 10, 2009
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