header banner

Stock market recovers marginally

alt=
By No Author
Stock market gained 2.84 points this week as investors continued to bet their money on commercial banks and hydropower companies listed at Nepal Stock Exchange (Nepse). The market closed at 548.11 points, when trading closed on Wednesday this week. [break]



During the four trading days, a total 337,700 units of shares were transacted at Rs 172.76 million. The transactions in terms of value, however, were down by one-third compared to last week´s. The market capitalization touched Rs 420.34 billion.



Transactions of stocks belonging to Category A companies totaled Rs 82.20 million, comprising well over 47 percent of the total transactions this week. The top five companies that attracted the investors most this week were Standard Chartered Bank, Vibor Development Bank, Global Bank, Nabil and Sanima Development Bank.



As a result of investors´ priority, commercial banks group gained 4.26 points during the period. Development banks too gained 2.45 points along with hydropower group, which gained 11.62 points.



Top five gainers when the market closed were Arun Valley Hydropower Development Company, Samjhana Finance, Annapurna Finance, Machchhapuchhre Bank and People´s Finance, while top losers were Diprox Development Bank, Nepal Development and Employment Promotion Bank, Gorkha Development Bank, IME Financial Institution and Standard Finance.



Related story

Understanding Stock Market

Related Stories
ECONOMY

Nepal's Stock Market Shake-Up: Is a New Exchange N...

sebon_20220918191122.jpg
Editorial

Strengthening Integrity of Stock Market

nepse_20220813152439.jpg
ECONOMY

Share market reopening today; investors fear stock...

ShareMarket_20200627200855.jpg
ECONOMY

Share market to reopen from next week

ShareMarket_20200627200855.jpg
ECONOMY

Nepse recovers intraday losses but close 39 points...

Nepse_March_3_20210303192721.PNG