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Nepse rises by 61.55 points


By Biz Correspondent on August 03,2008
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The Nepse index, which had crossed 1000 points on Tuesday, closed the market at 1034.02 points recording a growth of 61.55 points from last week's closing of 972.47 points.

The Nepse data shows that the improving performance of development banks, commercial banks and finance company groups propelled the Nepse index.

The development banks' groups closed at 1434.39 points with the growth of 87.17 points from last week's closing.  Similarly, commercial banks and finanace companines' groups closed at 1081.05 (with growth of 79.24 points) and 1173.08 points (with growth of 47.66 points) respectively.

However, the Index of Insurance companies and trading companies saw falls of 16.81 points and 3.77 points respectively to reach 813.58 points and 200.31 points. The Index of manufacturing and the others group remained unchanged.

The sensitive index rose by 15.49 points to end at 274.84 points.

With the trading of total 9,36,259 shares in 4626 transactions, the total turnover of the Nepse this week stands at Rs 813.3 million.

The market opened on Sunday with a growth of 8.34 points to 980.81 from last Thursday's closing of 972.47 points. On Monday, it increased by 2.26 points to 983.07 points. On Tuesday, it crossed 1000 points setting a record of 1001.99 points, a growth by 18.92 points or 1.12 percent from Monday's closing. Witnessing yet another growth by 9.06 points to 1020.05 points on Wednesday, it closed at 1034.02 points Thursday.

According to NEPSE, Nepal Credit and Commerce Bank (with Rs 146.69 million), Kist Merchant Bank and Finance (with 68.09 million), National Hydropower Company (with 55.07 million), Cosmic Merchant Finance (with 49.44 million) and Nepal Bangladesh Bank (with Rs 27.78 million) are this week's top five performers in terms of monetary value.

Altogether, 84 companies of total listed companies saw their shares traded at the Nepse this week against last week's 75 companies.


 


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