The benchmark index, which opened at 541.55 points on Sunday, closed at 542.87 points on Thursday - the last trading day of the week. [break]
Commenting on Nepse index´s marginal gain, Anjan Raj Poudyal, former president of Stock Brokers´ Association Nepal, said positive political developments ahead of the Constituent Assembly (CA) election has lifted investors´ confidence. “The benchmark index is unlikely see major fluctuations in the coming week as festive fever has already gripped the investors,” Poudyal added.
Poudyal further said the Nepse index will see some fluctuations after Dashain when banks and financial institutions start releasing their first quarter report. “Listed companies will hold annual general meetings and announce divided after Tihar. This will make the market vibrant,” he added.
According to Nepse, a total of 2.67 million units of shares of 136 companies worth Rs 682.12 million were traded through 7,656 transactions this week. Last week, shares worth Rs 546.08 million had exchanged hands through 8,026 transactions. The total transaction amount was up 24.91 percent compared to the past week.
Insurance group was the major gainer of the week. The Insurance sub-index gained 6.83 points to close at 1,313.65. Similarly, the sub-indices of Development bank, Commercial bank and Hydropower groups went up by 3.32 points, 2.21 points and 1.98 points, respectively, to 279.65 points, 516.17 and 1316.47 points. The Others sub-index posted a marginal gain of 1.17 points to close at 668.51 points this week.
However, Hotels, Finance and Manufacturing sub-indices went down by 16.61 points, 1.28 points and 1.23 points to settle at 741.13 points, 262.84 points and 855.36 points. The Trading sub-index remained unchanged this week.
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