Nepse ends week 9.41 points lowerNepal Stock Exchange (Nepse) lost 9.41 points last week to close at 1,134.47 points.
Nepal Stock Exchange (Nepse) lost 9.41 points last week to close at 1,134.47 points.
Narendra Raj Sijapati, president of Nepal Stockbrokers’ Association attributed the fall to the undeclared trade blockade imposed by India, low percentage of dividends declared by a number of companies and change in the government.
“As many leading companies like Nabil Bank and Everest Bank offered low dividend, investors are discouraged to invest,” he said. “Similarly, the formation of the government led by a leftist political party could also have affected investor confidence.”
Of the nine trading groups, six posted fall. The insurance group (down 62.32 points) led the losers’ side including manufacturing, commercial banks, hotels, development banks and finance companies.
Hydropower and others gained 13.89 and 7.05 points, respectively. The trading group remained stable at 207.97 points.
The sensitive index that measures the performance of blue chip companies dropped 1.96 points to close at 245.57 points.
The overall market transaction fell 44.59 percent to Rs1.18 billion, while the number of shares traded came down to 2,179,260 units from 3,765,280.
Butwal Power Company led in terms of both the transaction volume (Rs280.9 million) and the number of shares traded (700,000 shares). Everest Nepal, Nepal Investment Bank (promoters’ shares), Agriculture Development Bank and Nepal Bangladesh Bank rounded out the top five companies in terms of the transaction amount.
Meanwhile, the Nepse registered primary shares of ILFCO Microfinance, Janautthan Samudayik Laghubitta Bikas Bank and Kisan Microfinance Bittiya Sanstha. It also listed bonus shares of Fewa Bikas Bank and Jyoti Bikas Bank, and right’s shares of Swarojgar Laghubitta Bikas Bank.