A total of 88,363 shares worth Rs 50 million changed hands through 590 transactions. Share analysts have attributed positive political developments for the Constituent Assembly (CA) election as the reason behind growth in the benchmark index over the past few weeks.[break]
Anjan Raj Poudyal, former president of Stock Brokers´ Association Nepal, said investors are putting money in the secondary market as they are upbeat about political stability in the country after the CA election.
Share prices are expected to fluctuate in the coming weeks as listed companies are preparing to declare bonus and dividends for fiscal year 2012/13.
Hydropower group was the largest gainer on the day. The Hydropower sub-index increased by 10.39 points to close at 1346.18 points on Thursday. The sub-indices of Others and Insurance groups gained 7.05 and 7.03 points, respectively, to settle at 713.14 and 1349.14 points respectively. Likewise, the Commercial Bank and Finance sub-indices also moved into the green trajectory, gaining 5.77 points and 0.96 points to close at 549.59 points and 275.78 points respectively.
The Development Bank sub-index, however, shed 0.52 to settle at 278.54 points. The sub-index of Manufacturing group remained unchanged on the day.
Nabil Bank topped the list of companies in terms of turnover amount this week. Nabil Bank´s shares worth Rs 6.8 million changed hands on Thursday.
Chilime Hydropower and Global IME Bank stood in the second and third position, respectively, with total turnover of Rs 4.4 million and Rs 3.6 million. Similarly, Diprox Development Bank and NCC Bank took fourth and fifth position with total turnover of Rs 3.2 million and Rs 3.1 million respectively.
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