Nepse sets another record, hits 813.77 points

Nepali shares closed at 813.77 points on the last day of the trading from the opening of 796.34 points on Sunday. On the first day of the trading, the sole secondary market index set a record by crossing 800 points mark for the first time in its 14-year long history, and posted 811.98 points. On the second day, the index registered 828.77 points. The Nepse index saw an increment of 12.12 points on the third day as it posted 833. 56 points.
However, the Nepse index could not continue its growth throughout the week as it posted 811.97 points on the fourth day. Finally, the Nepse index closed only 1.79 points higher on the last day of the trading from Sunday's closing, as one of the current market driver hydropower group registered a loss of 43.62 points.
"Buyers were cautious on the unnatural growth of share prices of the institutions that have negative net worth and profit earning (PE) ratio," said an analyst adding that the unnatural growth also forced Nepse to issue a cautious notice to the investors.
After an initial rally of over 800 points for the first time in its history, the secondary market started to slowdown. Commercial banks' group, the market leader, has posted only a marginal growth of 3.82 points in its index as it registered 910.37 points from the opening 906.55 points.
Similarly, the manufacturing group also posted a growth of 2.34 points this week as its index closed at 350.00 points from 347.66 points.
The hotel group, insurance group, finance group and development banks' group, all saw growth in their respective indices as they posted 280.95 points, 655.62 points, 527.45 points, 689.21 points from 277.79 points, 647.92 points, 511.98 points, and 675.94 points respectively.
Though sensitive index gained only 0.04 point in comparison to last week and posted a total of 208.97 points, it comprises 74.12 per cent of the total transactions.
The Nepse floor remained open for all the five days this week, where the shares of 25 companies saw regular transactions of their shares throughout the week. The government's bonds did not see any transaction this week, too.
Chilime Hydropower Company outshone all others this week in terms of the largest monetary value, as its shares worth Rs 125,610 exchanged hands at Nepse. However, Nepal Bangladesh Bank stood first in terms of transaction with 206 transactions.
Similarly, National Hydropower Company stood first in terms of the largest number of shares units traded for the week. The company's 12,5610 shares were traded this week.