Nepse up after release of Financial Reports of Banks & FIs

The Nepal Stock Exchange (NEPSE), which had been reeling downwards for a couple of months, has started gaining upward swing after some financial institutions started releasing their sound financial reports allocating bonus and dividends to their shareholders.

This week, the NEPSE gained 23.56 points to close at 717.20 points as against 716.01 points of the last week’s opening. Last week, NEPSE recorded a growth of 4.70 points.

Similarly, NEPSE, the sole secondary share market transaction amount also soared by 47.82 per cent. This week, the weekly transaction amount increased to Rs. 389.33 million from Rs. 263.38 million.

This week, NEPSE traded 642,800 shares of 85 companies in 4298 transaction at a cost of Rs. 389.33 million. Last week, 516,400 shares of 84 companies were traded in 4,046 transactions at a cost of Rs.263.38 million, according to the NEPSE.

Of the total shares traded, Group-A companies contributed Rs.224.30 million to the total transaction, which alone stood for 57.62 per cent. Last week, the Group-A companies’ contribution was Rs. 123.10 million to the total transaction

This week, only the other groups’ sub-indices witnessed a negative growth. Similarly, hotel groups and business groups’ sub-indices saw no transaction.

Of the total group sub-indices, the commercial bank groups gained 41.87 points and climbed to 762.13 points, the manufacturing companies gained 0.57 points and went up to 434.89 points and the hydropower companies gained 11.00 points and climbed to 955.81 points in the opening index.

Similarly, the insurance company groups, finance companies and the development bank groups gained 2.95 points, 4.31 points and 0.87 points respectively to climb at 648.63, 682.30 and 732.23 points respectively in their opening index.

The sensitive index made an impressive gain of 9.23 points. The sensitive index went up to 192.30 points. Likewise, the float index climbed to 69.37 points gaining 2.67 points in the opening index.

However, the other groups’ index slipped to 659.11 losing 4.70 points while the hotel and business groups index remained unaffected at 363.95 and 281.78 points respectively.

This week, the Standard Charted Bank (with Rs. 38.49 million transaction amount), the National Hydropower Company (with Rs.176, 000 shares brought and sold) and the Bank of Asia Nepal (with 392 transactions) stood at the top in the respective categories.

Following the Standard Charted Bank Limited, Bank of Kathmandu (BoK) with Rs. 34.09 million, the Citizens Bank International with Rs. 25.57 million, the Nepal Investment Bank with Rs. 24.46 million and the Butwal Power Company with Rs. 23.48 million were the top five banks in terms of weekly transaction amount.