Nepal Stock on Bull ride.
KATHMANDU, APR 29, 2012
The stock market witnessed unprecedented surge in transaction volume as the charging bull pulled retail investors pushing the index up by 20 per cent, this week—April 22-26. As stock market seems to have shaken off dog days, retail investors have flocked the market buying shares.
The fear of losing the moment of buying shares at cheap rate propelled the investors to dive in purchase. This week transaction volume increased by 38.8 per cent, all thank to retail investments.There were 1.4 million unit shares worth Rs 487.1 million belonging to 106 companies were traded in 6523 transactions, this week, in four trading days.
On Thursday alone stock market witnessed trading worth Rs 270 million. The increased trading volume based on trading of individual investors signal better days for the stock market.
Of the total transactions, trading of class ‘A’ companies’ shares comprised 75.10 per cent of the total transactions with blue chip stocks’ transaction worth Rs 365.8 million.
The performance of class-A companies measured by sensitive index improved by 19.52 points reaching 108.91 points at the end of the week. The indicator of the performance of actual shares traded—float index— also went up by 5.45 points to 33.91 points.
The market that opened at 354.78 points on Sunday morning reached 369.10 points by the closing time despite the operation of circuit breakers that halted the trading prematurely. Next two trading days also, market could not operate for more than one and half hours due to circuit breakers as the index skyrocketed over five percent.
At the end of the week the index rose gradually and operated for whole three hours pushing the index at 425.47 points by the end of the week. This week all of subgroups except for trading and hotels up ended up earning whopping points. Commercial banks earned 95.63 points followed by hydropower subgroup that gained 88.21 points.
Likewise, others subgroup also went up by 77.52 points thanks to Nepal Telecom. Development banks, finance companies and insurance companies gained 19.35 points, five points and 25.23 points, respectively.
Trading subgroup lost 5.83 points due to Bishal Bazaar Company. Hotels also went down by 0.37 points. Bank of Kathmandu—that has become the major puller in the stock market of late— topped other companies in terms of trading volume and transaction with trading of shares worth Rs 107 million units in 728 transactions.
National Hydropower topped the list in terms of highest unit of shares traded with trading of 183,530 unit shares. The top five performers of the week are Bank of Kathmandu (Rs 100.79 million), Laxmi Bank (Rs 37.07 million), Everest Bank (Rs 29.30 million), Standard Chartered Bank (Rs 24.35 million), and NIC Bank (Rs 24.02 million).
Source: THT
KATHMANDU, APR 29, 2012
The stock market witnessed unprecedented surge in transaction volume as the charging bull pulled retail investors pushing the index up by 20 per cent, this week—April 22-26. As stock market seems to have shaken off dog days, retail investors have flocked the market buying shares.
The fear of losing the moment of buying shares at cheap rate propelled the investors to dive in purchase. This week transaction volume increased by 38.8 per cent, all thank to retail investments.There were 1.4 million unit shares worth Rs 487.1 million belonging to 106 companies were traded in 6523 transactions, this week, in four trading days.
On Thursday alone stock market witnessed trading worth Rs 270 million. The increased trading volume based on trading of individual investors signal better days for the stock market.
Of the total transactions, trading of class ‘A’ companies’ shares comprised 75.10 per cent of the total transactions with blue chip stocks’ transaction worth Rs 365.8 million.
The performance of class-A companies measured by sensitive index improved by 19.52 points reaching 108.91 points at the end of the week. The indicator of the performance of actual shares traded—float index— also went up by 5.45 points to 33.91 points.
The market that opened at 354.78 points on Sunday morning reached 369.10 points by the closing time despite the operation of circuit breakers that halted the trading prematurely. Next two trading days also, market could not operate for more than one and half hours due to circuit breakers as the index skyrocketed over five percent.
At the end of the week the index rose gradually and operated for whole three hours pushing the index at 425.47 points by the end of the week. This week all of subgroups except for trading and hotels up ended up earning whopping points. Commercial banks earned 95.63 points followed by hydropower subgroup that gained 88.21 points.
Likewise, others subgroup also went up by 77.52 points thanks to Nepal Telecom. Development banks, finance companies and insurance companies gained 19.35 points, five points and 25.23 points, respectively.
Trading subgroup lost 5.83 points due to Bishal Bazaar Company. Hotels also went down by 0.37 points. Bank of Kathmandu—that has become the major puller in the stock market of late— topped other companies in terms of trading volume and transaction with trading of shares worth Rs 107 million units in 728 transactions.
National Hydropower topped the list in terms of highest unit of shares traded with trading of 183,530 unit shares. The top five performers of the week are Bank of Kathmandu (Rs 100.79 million), Laxmi Bank (Rs 37.07 million), Everest Bank (Rs 29.30 million), Standard Chartered Bank (Rs 24.35 million), and NIC Bank (Rs 24.02 million).
Source: THT
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