Nepal Stock Exchange (Nepse) index shed 6.5 points over this week, as
investors are still in wait and see mood after the announcement of
budget and monetary policy for this fiscal year.
Drop in sub-index of Commercial Bank - a heavyweight trading group in the secondary market - by 9.95 points pulled the Nepse index down to 529.15 points on Thursday - the last trading day of the week.
“Investors are skeptic about the performance of stock market as they think reduction in cash reserve ratio (CRR), statutory liquidity ratio (SLR) and spread rate will market adverse impacts on banks and financial institutions,” Anjan Raj Poudel, president of Nepal Stock Brokers Association, said.
Poudel, however, is optimistic that the benchmark index won´t see big fall as daily transaction volume of shares is satisfactory.
A total of 2.53 million units of shares of 120 companies worth Rs 724.69 million were traded through 8,254 transactions this week. The amount is 84.13 percent higher than the total transaction amount recorded in the previous week.
During the week, the Commercial Bank group saw its sub-index go down by 9.95 points to 527.54 points. Similarly, the sub-indices of Manufacturing and Hotels group went down by 0.26 points and 14.25 points, respectively to close at 875.68 points and 658.06 points. Likewise, the sub-indices of Others and Development Bank groups fell by 17.62 points and 1.95 points to 633.27 points and 260.49 points, respectively.
However, the sub-indices of Hydropower and Trading groups went up by 2.37 points and 2.87 points, respectively to 1150.91 points and 172.23 points. Similarly, sub-indices of Insurance and Finance groups also finished the week in green, gaining 47.92 points and 2.88 points to close at 1041.44 points and 258.95 points, respectively.
Src : republica
Drop in sub-index of Commercial Bank - a heavyweight trading group in the secondary market - by 9.95 points pulled the Nepse index down to 529.15 points on Thursday - the last trading day of the week.
“Investors are skeptic about the performance of stock market as they think reduction in cash reserve ratio (CRR), statutory liquidity ratio (SLR) and spread rate will market adverse impacts on banks and financial institutions,” Anjan Raj Poudel, president of Nepal Stock Brokers Association, said.
Poudel, however, is optimistic that the benchmark index won´t see big fall as daily transaction volume of shares is satisfactory.
A total of 2.53 million units of shares of 120 companies worth Rs 724.69 million were traded through 8,254 transactions this week. The amount is 84.13 percent higher than the total transaction amount recorded in the previous week.
During the week, the Commercial Bank group saw its sub-index go down by 9.95 points to 527.54 points. Similarly, the sub-indices of Manufacturing and Hotels group went down by 0.26 points and 14.25 points, respectively to close at 875.68 points and 658.06 points. Likewise, the sub-indices of Others and Development Bank groups fell by 17.62 points and 1.95 points to 633.27 points and 260.49 points, respectively.
However, the sub-indices of Hydropower and Trading groups went up by 2.37 points and 2.87 points, respectively to 1150.91 points and 172.23 points. Similarly, sub-indices of Insurance and Finance groups also finished the week in green, gaining 47.92 points and 2.88 points to close at 1041.44 points and 258.95 points, respectively.
Src : republica
