14 DEC 2014, Kathmandu - Nepal Stock Exchange (Nepse) rose 19.75 points to close at 870.63 points last week on growing optimism about political consensus on constitution-related issues.
The market, which opened at 850.88 points on Sunday, fell 2.47 points on Monday, but
rose for rest of the trading days.
Bishnu Raj Ojha, managing director of Dipshikha Dhitopatra Karobar Company, attributed the growth to increased investor confidence due to a “favorable” political development.
“Political consensus among the parties on constitution issues boosted investor confidence. Investors, who were in a wait-and-see mode, have started investing.”
The hydropower group (up 52.92 points) was last week’s top gainer, followed by hotels, commercial banks, manufacturing, ‘others’, finance companies and development banks. Insurance companies were the lone loser (down 12.94 points). The trading group remained stable at 185.17 points. The sensitive index, which measures the performance of blue chips, rose 4.39 points to 186.73 points.
Soaltee Hotel posted the highest individual transaction of Rs 60.28 million. It was followed by Nepal Life Insurance, Chilime Hydropower Company, National Life Insurance and NIC Asia Bank. Siddhartha Investment Growth Plan led in terms of the number of shares traded (262,000 units).
The overall market transaction rose 1.33 percent to Rs 802.1 million last week, while the number of traded shares were up to 2,217,990 from 2,032,530.
SECTORS THAT WENT UP
Sector Points Gained
Hydropower Companies 52.92
Hotels 31.22
Commercial Banks 28.67
Manufacturing 20.95
Others 8.22
Finance Companies 3.36
Development Banks 0.09
SECTORS THAT WENT DOWN
Sector Points Gained
Insurance Companies 12.94
Soaltee Hotel 60.28
Nepal Life Insurance 57.4
Chilime Hydropower Company 45.52
National Life Insurance 31.12
NIC Asia Bank 28.54
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