Nepse in Declining Trend

Nepse index recorded a marginal loss fo 7.81 points  on Sunday to close at 463.1 points.

Sensitive Index that measures the trading of Category ´A' companies in the secondary market also decline  by 3.9 points to settle at 112.6 points.

Decline in the sub-indices of most of the trading groups pushed the benchmark Nepse to the red territory. Banking, Development Bank, Ficance, and  others groups saw their sub-indices go down. However, the sub-indices of Hydropower and Insurance groups went up.

The sub-indices of Banking and Others groups decrease by 7.35 points and 21.15 points to close at 437.57 points and 539.3 points respectively. Similarly, sub-indices of Development Bank and Finance groups went  down by 0.89 and 0.62 points respectively, to settle at 473.92 and 409.52 points respectively.

However, Hydropower and Insurance groups moved in the green zone gain by 24.24 and 0.61 points to close at 749.5 and 549.85  points.more....

NEPSE reach to 470.91 points

After shedding points for many consecutive days, Nepal Stock Exchange index recorded a marginal gain of 15.16 points to close at 470.91 points on Thrusday.

Sensitive Index that measures the trading of Category ´A' companies in the secondary market also inched up by 3.9 points to settle at 114.96

points.

Rise in the sub-indices of most of the trading groups pushed the benchmark Nepse to the green territory. Banking, Hotels, Development Bank, Ficance, Insurance and Hydropower groups saw their sub-indices go up, albeit, marginally. However, the sub-indices of Trading groups went down.

The sub-indices of Banking and Hotels groups increased by 15.67 points and 7.82 points to close at 444.92 points and 417.76 points respectively. Similarly, sub-indices of Development Bank, Hydropower, Finance, Insurance and Others groups went up by 1.27, 18.94, 2.59, 1.55 and 31.72 points respectively, to settle at 474.81, 725.26, 410.14, 549.24, and 560.45 points respectively.

However, Trading groups moved in the red zone losing by 5.31 points to close at 276.77 points.

China providing duty-free facility to Nepal

China is providing duty free facility to Nepal from July 1. China also provide this facility to 33 underdeveloped countries, including Bangladesh and the Maldives of South Asia. Twenty-six African countries are also benefited from this facilities.

According to the Chinese news reports Nepal’s northern neighbor will provide duty-free access to 4,768 products imported from 33 countries. Duty- free-products include Textile, agriculture, mineral, steel, silver and water will get zero-duty access.

Todays NEPSE Position

The Nepal Stock Exchange maintained its upward trend in Wednesday. The benchmark index registered a gain of 0.27 points to reach 455.75 points when the market closed for the day.

The rise in the indices of banking, hotels and developments banks along with the hydropower group pushed the NEPSE index up.

Of the 20 commercial banks present on the trading floor, the impressive performances of 17 banks were instrumental in the rise in the banking sector. Banking posted a growth of 0.62 points. Crystal Finance Limited the highest gainer with its stock going up by 4.40% while Citizen Investment Trust was the biggest loser shedding 18.42%.

Weekly Market Review

With the fall in the indices of most of the listed groups that saw trading, NEPSE dipped for the second consecutive week by 11.54 points to settle at 463.45 points. Last week, none of the sectors posted gain resulting in decline of the NEPSE index. The market suffered a loss of 5.99 points that week. Although the secondary market witnessed a decline in number of companies on the trading floor, the number of shares traded and market turnover went up by 38.42 percent and 12.93 percent, respectively. Last week, the market witnessed the presence of just 90 companies in contrast to 103 companies the previous week.

The secondary market registered a turnover of Rs. 143.61 million against Rs. 127.17 million the previous week. Also, the stock market witnessed the trading of 428,700 shares through 5,158 transactions against 309,700 shares through 4581 transaction the previous week.

Last week, commercial banks lost 14.39 points, followed by insurance companies, others and hydropower companies with a fall of 10.86 points, 10.57 points and 8.35 points, respectively.

Sectors including development banks, finance companies and hotels shed 8.03 points, 5.26 points and 1.14 points, respectively. However, the manufacturing-processing and trading groups did not saw any change in their index.

Nepal Bangladesh Bank topped the stock market in terms of total turnover as well as number of shares traded with a turnover of Rs. 25.19 million through the trading of 104,000 shares. On the other hand, Asian Life Insurance Company saw the highest number of transactions, with 1249 in the kitty.