The secondary market that opened at 1,563.81 points on Sunday, lost 21.99 points to close at 1,541.82 points. On Monday, the market gained 2.47 points and closed at 1,544.29 points. On Tuesday, the index again slipped 3.01 points. Nepse saw the market pick up points on Wednesday and Thursday, gaining 9.78 points and 31.05 points respectively.  

 

Overall the market increased by 1.17 percent last week.

 

Raju Acharya, managing director of Asian Securities, said the investors have been expecting the Nepal Rastra Bank (NRB) to enforce new monetary policy soon. “The investors are hoping that NRB bring down the spread rate and credit to core capital-cum-deposit ratio through the monetary policy,” Acharya said.

 

Along with the Nepse index, the sensitive index that measures the performance of Group ‘A’ companies also increased 4.44 points to close at 336.1 points with majority of the trading groups posting gains in their indices.  

 

With an increase in the market index, the average value of the shares listed in stock market also went up Rs22.46 billion with market capitalisation reaching Rs1.854.50 billion from Rs1,832.04 billion over the week. 

 

Of the nine trading groups, five posted gains in their indices. Insurance gained the most, at 199.65 points, to close at 8,396.27 points. “Insurance group gained the most points due to two factors, fiscal year 2016-17 is ending soon and the capital increment plan,” said Acharya.

Similarly, hotels gained 31.13 points to close at 2,273.53 points. Development banks and commercial banks gained 25.99 points and 15.65 points respectively, while ‘others’ gained 4.05 points. 

 

Manufacturing posted the largest loss, dropping 22.71 points followed by hydropower (6.93 points) and finance companies (3.99 points). The index of trading was stable at 212.76 points throughout the week. Nepal Life Insurance observed the largest turnover of its shares worth Rs211.52 million. Similarly, Sanima Bank’s shares worth Rs126.56 million were transacted. Standard Chartered Bank Nepal, Nepal Credit and Commerce Bank and Nerude Laghubitta Bikas Bank were also among the top five with largest turnover. 

 

NIBL Sambriddhi Fund 1 topped in the number of transactions, with 1,120,000 units of shares exchanging hands. 

 

Last week, the shares of 162 listed companies were traded. The transaction amount surged 42.1 percent to Rs2.63 billion. The traded number of shares also escalated to 7,023,630 units from 3,414,050 units.  

 

Company Type Units

Mahakali Bikas Bank Right 148,292

Laxmi Bank Right 25,903,873

NIC Asia Bank Right 8,729,475

Chhyangdi Hydropower General 2,160,000

Laxmi Equity Fund General 12,500,000