KATHMANDU: The Nepal Stock Exchange (Nepse) jumped 21.94 points to close at 1,499.32 points, setting fresh record last week. The secondary market that opened at 1,477.38 points on Sunday fell 9.87 points on Monday before inclining successively on the rest of the trading days. The market gained the biggest of 16.17 points on Tuesday.
Stockbrokers attributed the rise in Nepse to the existing excess liquidity with the bank and a number of companies offering good returns on shares along with the reduction in possibility of change in government immediately.
Of nine trading groups, indices of six escalated. Insurance witnessing a whopping growth of 154.23 points in its index was the biggest gainer. The sub-group was followed by commercial banks, development banks, hydropower, hotels and finance companies in the gainers list. Of the two losers last week, manufacturing and ‘others’ witnessed downfall of 65.79 and 11.75 points respectively. The Nepse of trading group was stable at 201.38 points throughout the weekdays.
The sensitive index that measures the performance of ‘A’ class companies also increased 4.95 points to close at 324.44 points. Despite surge in the index, the transaction volume however dipped 18.69 percent to Rs4.29 billion. The turnover of number of shares also fell to 6,961,570 units from 8,414,470.
Regarding the individual company, National Life Insurance Company topped in terms of transaction volume. The company witnessed turnover of its shares worth Rs333.32 million. Nepal Bangladesh Bank, Prabhu Insurance, Sanima Bank and Nepal Bank were among the top five companies under the category.
