The secondary market bounced back to close at 303.53 points from the six year low of 292.32 points this week. However, it shed 5.35 points from Sunday morning’s opening of 308.88 points.
The central bank’s mood to relax loan against shares and some institutional investors’ active participation in the secondary market might have boosted the investor’s confidence that has been at a low recently.
Citizen Investment Trust has started buying and Beema Sansthan is planning according to the direction of finance ministry.
The secondary market witnessed more than half — some 120 companies — of the total 204 listed companies’ shares being traded this week despite shares prices being dropped significantly.
The market experts, however, suggested the investors’ not to panic and sell but start buying the shares of companies that have return more than the current interest rate, has been distributing dividends since last couples of years and of course has a good governance.
Of the total transaction, the Class A companies that are considered good investment saw 67.33 per cent transaction at Rs 68.2 million. The week observed a total of Rs 134.84 million transaction in the regular five day session. Of the nine sub groups, only two — manufacturing and others’ subgroups — gained, whereas seven sub groups lost this week, that witnessed Bank of Kathmandu with Rs 13.58 million as the highest traded company in terms of transaction amount followed by Chilime Hydro with Rs 11.63 million, Standard Chartered Bank Nepal with Rs 9.02 million, Nabil Bank with Rs 7.78 million and Nepal Telecom with Rs 5.95 million.
In terms of number of shares being traded also Bank of Kathmandu topped the chart with its 35,036 unit of shares changing hands, whereas in terms of number of transaction, Valley Finance topped the chart.
The Nepse
Last Thursday -- 308.88 points
Sunday -- 304.1 points
Monday -- 301.7 points
Tuesday -- 297.63 points
Wednesday -- 292.32 points
Thursday -- 303.53 points
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