KATHMANDU, DEC 16 -
The Nepal Stock Exchange (Nepse) attained a growth of 9.10 points last week to settle at 497.24 points on Thursday. The market had opened at 488.15 points
on Sunday.
High transaction volume has been the major highlight of the exchange lately as investors are selling their stock to book quick profits. The large supply, however, is being neutralised by even higher demand, preventing the stock price from falling down.
Investors seem to have shrugged off political instability and turbulent business environment, and are readily buying stocks of commercial banks and hydropower companies, among others.
Stockbrokers have predicted stability in the market around the 500-point mark. “However, investors are expecting political consensus. If it doesn’t happen soon, it might have a negative impact on the capital market,” said Anjan Raj Poudyal, president of Stock Brokers Association of Nepal.
Over the last week’s five trading days, the market index fell down slightly on the second day, but scaled up steadily following days. The group representing hydropower companies was the biggest gainer—up 21.47 points. It was followed by commercial banks (up 11.95 points), manufacturing companies (up 1.43 points), others (up 9.40 points), insurance companies (up 17.37 points), finance companies (up 0.01 points) and development banks (up 2.63 points). Hotels shed 15.31 points.
As far as the transaction volume is concerned, the market last week registered transactions worth Rs 342.53 million—down 33.52 percent compared to Rs 515.28 million in the
previous week. With a mutual fund company starting recently, more investment is expected to flow into the capital market.
Nepal Investment Bank posted the highest individual turnover of Rs 37.88 million. Nepal Bangladesh Bank topped the chart in terms of the number of shares traded—115,020 units. Global IME Bank registered the highest 328 transactions.
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