The benchmark, which measures the investors´ confidence in the secondary market, has remained more or less stable despite efforts by a political party to foil the upcoming Constituent Assembly (CA) election. [break]
This shows that the investors are confident about having a peaceful economic environment in the country after the election, capital market analysts said.
“Even though efforts to disrupt elections are being made in different parts of the country, Nepse index has remained more or less stable as investors are optimistic about peaceful economic environment tin the country after the election,” Anjan Raj Poudel, former president of Stock Brokers´ Association of Nepal (SBAN), told Republica.
Poudel also said investors are buying stocks as most of the listed companies are about to declare dividend for their shareholders.
During the week, a total of 2.41 million units of shares worth Rs 693.6 million of 137 companies were traded through 9,451 transactions. Last week, a total of 2.15 million units of shares of 123 companies worth Rs 736.6 million had changed hands through 9,723 transactions.
Total transaction this week was down 5.84 percent compared to last week. Out of total transactions, 26.93 percent or Rs 256.15 million worth of shares belonged to category ´A´ companies. Sensitive Index, which measures the transactions of the category ´A´ companies inched down by a nominal 0.4 points to close at 145.27 points.
Insurance, Manufacturing, Commercial Bank and Development Bank groups posted gains this week, while Hydropower and Finance groups closed the week in red. The sub-indices of Commercial Bank and Manufacturing groups increased by 2.14 points and 16.28 points, respectively, to close at 555.3 points and 939.71 points. Similarly, Insurance and Development Bank sub-indices were up 32.46 points and 2.73 points to close at 1,395.7 points and 305.42 points, respectively.
However, the sub-indices of Hydropower, Finance and Others group went down by 13.63 points, 1.47 points and 4.7 points, respectively, to settle at 1,346.3 points, 276.50 points and 706.09 points.
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