The Nepal Stock Exchange (Nepse) increased by 15.07 points to close at 1,244.84 points. Despite the rise in Nepse, the average daily transaction amount declined to Rs420 million from the Rs577.09 million that was recorded in the previous week.     

Nepse opened at 1,229.77 points on Sunday, and fell 10.79 points to close at 1,218.98 points. On Monday too, the market saw a decline of 8.1 points and closed at 1,210.88 points. On the rest of the trading days, the market took an upward swing,

with an increment of 6.77 points, 13.06 points and 14.13 points on Tuesday, Wednesday and Thursday respectively. 

Consequently, the market closed with a gain of 1.22 percent in the overall trading days during the review period.

Stockbrokers attributed the significant rise in Nepse to investors’ attraction to purchasing shares following the heavy fall in their prices. “As the market had slumped for almost over a month, investors rushed to purchase stocks of companies that are hopeful to post good amount of returns soon,” said a stockbroker under condition of anonymity.

The sensitive index that measures the performance of Group ‘A’ companies also went up 3.92 points to close at 264.27 points with an increase in the stocks’ value for a majority of trading groups, including commercial banks.  

Along with a rise in the market index, the average value of the shares listed in the stock market also rose by Rs18.06 billion, as market capitalisation surged to Rs1,482.71 billion from Rs1,464.65 billion.

Of the 11 trading groups, seven posted gain in their indices. Manufacturing gained the largest points (41.95) and closed at 2,274.89 points. Similarly, hotels added 30.08 points, ‘others’ 21.45 points, commercial banks 20.62 points, microfinance 15.37 points, development banks 16.15 points and trading gained 0.42 points.

Out of the four losers, non-life insurance observed the largest fall of 137.7 points to close at 5,833.44 points. Likewise, the index of life insurance was down by 76.17 points, hydropower by 12.99 points and finance companies’ index slid 4.64 points.

From the individual companies, NIC Asia Bank led in terms of both transaction amount and the number of traded shares. The bank’s transactions were worth Rs174.56 million, from 439,000 traded shares.

Similarly, shares of NMB Bank, worth Rs136.55 million, were transacted. Global IME Bank, Kumari Bank Limited and Prabhu Bank Limited were among the top five companies that observed the largest transaction of their shares last week.

Last week, stocks of 186 listed companies were traded. Despite the rise in the market index, the transaction amount declined by 27.17 percent to Rs2.10 billion. The traded number of shares also decreased to 7,649,870 units from 10,255,680 units.  

Right Shares/Bonus Shares

Company    Type    Units

Kalika Laghubitta Bittiya Sanstha    Bonus    175,000

Radhi Bidhyut Company    Bonus    410,040

Womi Microfinance Bittyia Sanstha    Right    233,280

Kamana Sewa Bikas Bank    Bonus    1,304,701.93