Nepse index up by 10.90 points


, February 15

The (Nepse) has been on a bullish run since the last two months and keeping with this trend the secondary market edged up by 0.82 per cent or 10.90 points to 1,344.59 points between February 9 and 13.

Stock investors have said that despite the recent , the market strengthened due to the positive investor sentiment in the review week.

Radha Pokharel, chairperson of Nepal Puzibazar Laganikarta Sangh, said that the local bourse has been on a bullish trend due to the positive statements related to the market from concerned government officials, especially the finance minister.

“In recent days, the finance minister has been making statements that have boosted the investor sentiment. The market has seen considerable growth following comments from Finance Minister Yubaraj Khatiwada and Chairperson of Securities Board of Nepal Bhisma Raj Dhungana that they would do the necessary to help the market,” she added.

Though the benchmark index did rise, the weekly turnover, however, dropped by 9.26 per cent as compared to the previous week to Rs 6.71 billion. In the previous week, the market had witnessed transactions worth Rs 7.39 billion. The trading volume also descended to 21.10 million stocks changing hands this week from 21.11 million in the previous week.

The secondary market had opened on Sunday at 1,333.69 points and dropped by 13.70 points by the end of the trading day. It more than recovered the loss over the next three days by adding 4.28 points on Monday, 17.11 points on Tuesday and 4.60 points on Wednesday. However, the benchmark index dropped by 1.39 points on Thursday to close the week at 1,344.59 points.

In the review week, microfinance, manufacturing, trading, non-, others, , mutual fund and finance sub-indices were in the green zone.

The microfinance sub-index was the biggest gainer of the week, rising by 7.52 per cent or 164.49 points to 2,352.12 points due to the share price of Chhimek Laghubitta Bikas Bank going up by Rs 88 to Rs 1,076.

Similarly, manufacturing subgroup ascended by 5.07 or 126.32 points to 2,616.18 points due to the share price of Bottlers Nepal (Tarai) surging by Rs 98 to Rs 6,600.

Meanwhile, the trading subgroup surged by 3.67 points or 29.44 points to 832.11 points due to the share price of Salt Trading increasing by Rs 77 to Rs 2,519.

Non–life insurance sub-index also went up by 2.84 per cent or 171.25 points to 6,200.29 points and others subgroup rose by 2.63 per cent or 18.11 points to 704.99 points.

Moreover, life insurance sub-index increased by 1.82 points or 137.03 points to 7,637.19 points and mutual fund subgroup went up by 0.73 per cent or 0.07 point to 10.07 points. The finance sub-group also inched up 0.08 per cent or 0.53 point to 671.31 points.

Meanwhile, hotels subgroup was the biggest loser of the week, plunging by 2.50 per cent or 69.55 points to 1,917.55 points due to the share price of Soaltee droppi

Read the full story on The Himalayan Times

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