The Himalayan Times : Nepse closes in on 950-point mark - Detail News : Nepal News Portal

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Nepse closes in on 950-point mark



KATHMANDU: The Nepal Stock Exchange (Nepse) index ascended by 3.03 points or 0.32 per cent week-on-week to rest at 949.92 points from April 12 to 16.Starting the week at 946.89 points on Sunday, the benchmark index increased by 5.14 points by the day’s closing. However, it dropped 3.67 points and 4.23 points over the next two trading days. On Thursday, the last trading day of the week, the local bourse added 5.79 points, helping the Nepse index close in on the 950-point mark. The stock market had remained closed on Tuesday marking the Nepali New Year 2072.

Altogether 1.92 million units of shares worth Rs 722.48 million were traded in the country’s only secondary market through 5,637 transactions in the week. In comparison, 2.41 million scrips amounting to Rs 803.10 million had changed hands through 5,953 transactions in the preceding week.The sensitive index rose by 1.13 points to settle at 203.01 points. Similarly, the float index added a marginal 0.11 point to rest at 66.89 points, in the week.

Insurance, hotels, hydropower and development banks landed in the red during the week, while the rest of the subgroups recorded gains.

Share value of Nepal Telecom, the firm with highest market capitalisation among listed companies in the share market, rose by Rs 16 to Rs 615. This pulled the others subgroup up 18.8 points to 722.53 points.

The subgroup that came in second in terms of points gained was manufacturing, which rose by 8.1 points to 1,502.88 points, on the back of Unilever Nepal’s share price going up by Rs 305 to Rs 18,303.Trading rose by 6.84 points to 207.23 points, with Bishal Bazaar Co’s shares rising by Rs 35 to Rs 2,131.

Banking, the subgroup with the highest stake in market capitalisation, added 4.32 points to settle at 836.59 points. Scrips of Nabil Bank closed at Rs 1,950, up Rs 45, while that of Standard Chartered rested at Rs 1,980, a rise of Rs 40 compared to the previous week’s close.Finance, which had shed minimal 0.98 point in the past week, inched up by 0.17 point to 532.18 points.

Insurance subgroup dropped by 24.65 points to 3,928.31 points this time around. Even as scrips of National Life Insurance gained Rs 16 to close at Rs 2,230, that of Nepal Life Insurance lost Rs 35 to end at Rs 4,365, and Life Insurance Co Nepal dropped by Rs 45 to Rs 2,400.

The hotels subgroup dropped by 19.12 points to 1,966.3 points, nullifying gain of 18.14 points in preceding week. Oriental’s share value dropped by nine rupees to Rs 715 and Soaltee’s dipped by five rupees to Rs 445.

Hydropower subgroup descended by 9.37 points to 2,181.77 points. Chilime lost nine rupees to end the week at Rs 1,589 and Butwal Power Co lost five rupees to rest at Rs 605.Development banks also witnessed a loss of 6.02 points to end at 793.62 points.

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