Weekly Analysis: Index closes at 1530.31 points; NEPSE still in downward trend
Fri, Sep 15, 2017 6:37 PM on Latest, Exclusive, Mutual Fund, Financial Analysis, Featured, Company Analysis, NEPSE News, Others, Others, Stock Market, Weekly Analysis,
This week (Sep 10 – Sep 14), NEPSE had fully 5 trading days. On this week’s closing i.e. Sep 14, NEPSE index closed at a figure of 1530.31; a decrease in the NEPSE index by 24.24 points as the previous week’s closing (Sep 7) was 1554.55 points. However, on Thrusday, NEPSE index saw a big rise by 37.11 points closing at 1530.31.
Similarly, this week, the sensitive index closed at 320.73 points and float index closed at 110.88 points. In the previous week, both the sensitive and float index closed at a figure of 326.01 and 112.54 points respectively.
The float index indicates the performance of public (tradable) shares, while the sensitive index measures the performance of Group ‘A’ companies listed by the NEPSE.
Within 5 trading days, shares worth Rs 3.62 arba were traded with manual turnover of Rs 14.97 lakhs. The total traded share quantity figure at NEPSE this week stood at 68,04,151 units, with total 36,390 transactions.
Market Capitalization at Rs 17.75 kharba
This week on NEPSE the total market capitalization stood at Rs 17.75 kharba while the floated market capitalization at the end of the week was a figure of Rs 6.00 kharba. In previous week, total market capitalization stood at Rs 18.03 kharba and the floated market capitalization stood at Rs 6.09 kharba.
This downtrend in NEPSE can be attributed to the selling pressure in the market because of the upcoming Dashain festival as investors are trying to book their profit and are cashing in their investments.
Overall, the secondary market is still bearish in trend with most of the companies still in a decreasing trend with nearly every sector ending up being red.
A brief detail following the sector wise summary stands as:
Similarly, this week, the sensitive index closed at 320.73 points and float index closed at 110.88 points. In the previous week, both the sensitive and float index closed at a figure of 326.01 and 112.54 points respectively.
The float index indicates the performance of public (tradable) shares, while the sensitive index measures the performance of Group ‘A’ companies listed by the NEPSE.
Within 5 trading days, shares worth Rs 3.62 arba were traded with manual turnover of Rs 14.97 lakhs. The total traded share quantity figure at NEPSE this week stood at 68,04,151 units, with total 36,390 transactions.
Market Capitalization at Rs 17.75 kharba
This week on NEPSE the total market capitalization stood at Rs 17.75 kharba while the floated market capitalization at the end of the week was a figure of Rs 6.00 kharba. In previous week, total market capitalization stood at Rs 18.03 kharba and the floated market capitalization stood at Rs 6.09 kharba.
This downtrend in NEPSE can be attributed to the selling pressure in the market because of the upcoming Dashain festival as investors are trying to book their profit and are cashing in their investments.
Overall, the secondary market is still bearish in trend with most of the companies still in a decreasing trend with nearly every sector ending up being red.
A brief detail following the sector wise summary stands as:
- Deep Thapa (Nepal Stock Data Analyst)
