According to stock brokers, the stock market has remained relatively stable compared to the high volatility seen during the trading days when the market reopened after the deadly April-25 earthquake.
"The market, which observed fluctuations after the market opened after the earthquake is now showing signs of recovery. The market was less volatile in this week's five trading days. Investors seem less bothered by the quake's effects now compared to the panic in the immediate aftermath of the quake," a broker told Republica, requesting anonymity."The course will now depend on the policy and programs, and the budget of the government for the new fiscal year -- 2015/16," the broker added.
The Insurance group was the highest gainer of the week with its sub-index jumping 127.61 points to close at 4,160.86 points. The sub-indices of the Manufacturing and Processing, and the Hotels groups shot up 10.08 points and 7.48 points respectively this week to close at 1,574.78 and 1,852.8 points respectively.
The Development Banks group edged 3.18 points higher this week to close at 770.03 points. However, the Hydropower group sub-index suffered a loss of 14.23 points to close at 2,092.49 points. Shares in the Banking group -- the heavyweight of the market -- also fell 4.79 points to close at 815.52 points. Sub-indices of the Trading, Others, and Finance groups also went down by 3.8 points, 2.35 points and 191 points respectively, to close at 216.74 points, 728.4 points and 517.33 points. Total of 3.12 million units of shares of 166 companies worth Rs 1.59 billion were traded in the bourse this week through 9,469 transactions. The turnover is 4.56 percent higher compared to the last week.
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