Nepse index posts gain of 15.66ptsNepal Stock Exchange (Nepse) index gained 15.66 points to close at 1,247.30 points last week, as the plan to test the Online Share Trading system gathered pace with five companies being shortlisted.
Nepal Stock Exchange (Nepse) index gained 15.66 points to close at 1,247.30 points last week, as the plan to test the Online Share Trading system gathered pace with five companies being shortlisted.
The secondary market that opened at 1,257.07 points on Sunday shed 25.43 points to close at 1,231.64 points. On Monday, the market rose 9.55 points to close at 1,241.19 points.
The market lost 1.93 points to close at 1,239.26 on Tuesday. The market, however, recovered marginally by 2.81 points to settle on 1,242.07 points on Wednesday and gained 5.23 points to close at 1,247.30 points.
On Thursday, Nepse short-listed five broker companies for testing the online share trading system. Nepse had asked the Stock Broker Association to recommend five brokers to test the online trading system. The system is likely to be implemented from the beginning of the next fiscal year, or by mid-July.
The sensitive index that measures the performance of Group ‘A’ companies rose 2.65 points to close at 261.81 points with a majority of the trading groups reporting gains.
Despite the rise in the market index, the average value of shares listed on the stock market declined by Rs240.18 billion, with the market capitalisation reaching Rs1, 471.80 billion from Rs1, 711.98 billion over the week. Of the ten trading groups, nine witnessed upward movement in their indices except for trading.
Insurance gained the largest of 117.58 points to close at 6,353.02 points. The ‘Hotel’ group gained 83.17 points in its index and was the second largest gainer. Manufacturing gained 72.94 points. Other gainers included hydropower (40.44 points), microfinance (40.35 points), commercial banks (8.71), development banks (8.22 points), finance companies (3.01 points) and others (4.09 points). However, trading group shed 2.62 points to be the only loser last week.
Of the individual companies, Mega Bank observed transactions worth Rs99.57 million to lead the segment.
Nepal Life Insurance finished in second place with transactions worth Rs71.70 million. It was followed by Nabil Bank, Nepal Doorsanchar Company and Civil Bank. Mega Bank saw 465,000 unit shares exchanging hands and topped in terms of number of traded shares, according to the Nepse report.
Last week, stocks of 186 listed companies were traded. With a rise in market index, the transaction amount also increased 2.14 percent to Rs1.72 billion. The traded number of shares increased to 4,868,070 units last week from 4,026,810 units in the previous week.
Right Shares/Bonus Shares
Company Type Units
Rairang Hydro Development General 5600000
Prime Life Insurance Right 9763200
Prime Life Insurance Bonus 1983150
Multipurpose Finance Company Bonus 164736
Siddhartha Bank Right 6826117
Best Finance Company Right 1652850