The benchmark index logged loss this week after gaining 6.59 points last week. According to stock brokers, the market has remained relatively less volatile this week as compared to the previous weeks as the country's only bourse was under immense selling pressure following the devastating earthquake."The earthquake has made psychological impact among investors more than the real loss it made for the listed companies. The market is gradually recovering as investors are now convinced that the earthquake will have no significant loss on balance sheets of listed companies," a stock broker told Republica. "Most of the listed companies, which have submitted their report to Nepse, have not showed much loss."
He further added that earthquake might have some impact on balance sheets of some bank and financial institutions and insurance companies in the fiscal year closing. "So, the volatility cannot be ruled out in the coming weeks as the market is largely guided by the decision of short-term investors," he added.
Most of the trading groups ended on the red zone this week. Hydropower group shed 6.69 points to close at 2,100.07 points. Banking, the heavyweight group, also went down 5.06 points to settle at 812.48 points. Likewise, the sub-indices of Development Bank and Others groups also went down by 4.49 points and 4.7 points, respectively, to close the week at 768.33 points and 717.83 points. The Finance sub-index also shed 3.66 points to close at 517.14 points.
Manufacturing and Processing group was the biggest gainer of the week, as its sub-index jumped 17.34 points to close at 1,570.28 points. Insurance and Hotels groups followed suit, gaining 11.52 points and 9.56 points, respectively, to close at 3,806.04 points and 1,841.6 points. Trading group, however, remained unchanged at 220.54 points.
A total of 2.9 million units of shares of 151 companies worth Rs 985.72 million were traded in the market this week through 7,058 transactions. The turnover is 39.16 percent lower than the total turnover of the last week.
Nepal Life Insurance Company Ltd topped the list of companies in terms of highest turnover (Rs 63.58 million), while Siddhartha Oriented Equity Oriented Scheme remained at the top in terms of number of shares traded (401,4000 units). Similarly, Century Commercial Bank Ltd was at the tom in terms number of transactions (273).
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