Posted on 2009-07-06
KATHMANDU: The Nepal Stock Exchange (NEPSE) started the week on a good note gaining 7.73 points at the end of trading Sunday.
The sub-indices after a very long time showed a double-digit increment on the floor. The highest gainer among the sub-indices was the hydropower sector which grew by 11.5 points followed by banking with an increase of 10.74 points and the development bank sector which increased by 6.72 points. However, finance and insurance fell 5.21 and 0.15 points respectively on Sunday.
Among the 20 commercial banks on NEPSE, Himalayan Bank posted the biggest growth with its stock rising by 59 points while the Bank of Kathmandu lost the most on the trading floor by shedding 56 points on Sunday. Similarly, among the 10 development banks whose shares were traded on NEPSE on Sunday, Clean Energy Development Bank witnessed the highest increase of 47 points while Sanima Bikas Bank dropped 38 points.
Likewise, IME Financial Institution was the highest gainer among finance companies with an increase of 31 points in its share price. NIDC Capital Markets lost 466 points. Shares of 15 financial institutions were traded on NEPSE on Sunday with only nine gainers and three of them seeing a fall in their share prices. The turnover at NEPSE on Sunday stood at Rs. 107.016 million through 330,795 units of shares.
The top five gainers on NEPSE were ICFC Bittiya Sanstha with a 6.52 percent rise in its stock price followed by Paschimanchal Bikas Bank, Clean Energy Development Bank, Nepal Bangladesh Bank and Bank of Asia Nepal. Similarly, the top five losers on Sunday were NIDC Capital Markets which fell by 27.97 percent followed by Infrastructural Development Bank, Sagarmatha Insurance Company, National Hydropower Company and Bank of Kathmandu.
Nepal Credit and Commerce Bank topped the chart in terms of turnover with Rs. 31.297 million.
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