KATHMANDU, OCT 20 - 

With the much-awaited Contituent Assembly election getting closer, the Nepal Stock Exchange (Nepse) has been witnessing an upward swing gaining 4.81 points to close at 571.8 in single day trading last week. It is the first time that the capital market has crossed 570 points in the last four years.

Anjan Raj Paudel of Thrive Brokerage House said the performance of companies in the first quarter of this fiscal year has considerably shot investors’ hopes.

“Investors are expecting a good return on investment from the companies that performed well in the last fiscal when they declare the financial report in the first quarter,” Paudel said. “This has helped increase the demand for the shares thereby raising the Nepse index.”

Paudel also attributed the rising benchmark index to the growing electoral environment in the country which is expected to lead the country in the direction of political stability.

Out of the nine trading groups, five witnessed an inclination in their indices. Having logged in a rise of 10.39 points, Hydropower group was the largest gainer during the review period. Similarly, Insurance Companies, Commercial Banks, and Finance Companies were among the “other” gainers. Development Banks were the biggest losers last week, with the group’s index slipping by 0.52 points to close at 278.54. Manufacturing group’s index remained stable at 885.63 points.

Meanwhile, sensitive index that measures the transaction of the ‘A’ category companies witnessed a gain of 1.27 points to close at 137.2.

Among the individual companies, Nabil Bank topped the index in terms of transaction amount. The company saw a transaction worth Rs 6.80 million in the secondary market. Chilime Hydropower Company, Global IME Bank, Diprox Development Bank and Nepal Credit and Commerce Bank occupied the top five positions on the lists in terms of transaction worth. With a transaction of 10,811 units, Nepal Credit and Commerce Bank topped in terms of

share numbers.

The capital market traded 88,363 shares worth Rs 40.17 million last week. The market capitalisation increased to Rs 575.4 billion.

TOP FIVE COMPANIES IN TERMS OF TURNOVER

Company                  Turnover (in Rs millions)

Nabil Bank                             6.80

Chilime Hydropower Co      4.42

Global IME Bank                    3.64

Diprox Dev Bank                     3.28

Nepal Credit & Com Bank    3.10    

SECTORS THAT WENT UP

Sector                            Points Gained

Hydropower                     10.39

Others                                 7.05

Insurance Companies     7.03

Commercial Banks           5.77

Finance Companies         0.96

SECTORS THAT WENT DOWN

Development Banks          0.52

Posted on: 2013-10-20 09:55