Weekly Wrap-up; (Review Period: Jan 25 to Jan 29, 2015)

ShareSansar, January 30:

This week was the up trending week for benchmark index as it gained 27.42 points or 2.85 percent to settle at 986.66 level than the last week closing of 959.24 mark index.

Similarly NEPSE Sensitive and Float also gained 6.4 points (3.12%) and 2.29 points (3.42%) to close at 211.05 and 69.2 levels respectively.

NEPSE gained 9.81 points on Sunday, 25th Jan, closing at 969.05 level. However the local bourse dropped very minimal 0.72 point on Monday, 26th Jan and there after gained 6.81 points and 12.93 points on Tuesday and Wednesday (27th and 28th Jan) closing at 975.14 and 988.07 levels respectively.


Benchmark plunged meager 1.41 points on the last trading day of this week by closing at 986.66.

The market index is believed to gain more points in coming days as it has absorbed all the consequences of no constitution by political parties on time and currently has no reason to fall down.

The current uptrend in market is taken as positive sign amid the investors are being rational and are not following the political buzz which used to have maximum weightage in market.

Banking and Development gained double digit of 38.94 points (4.63%) and 31.52 points (4.17%) than last week to close at 879.71 and 786.22 levels respectively.

Similarly HydroPower and Finance moved up by 41.4 points and 14.44 points to close at 2355.99 and 526.81 levels respectively than last week.

However Others, Manufacturing and and Hotels slipped down by 5.89 points, 17.69 points and 27.03 points by ending at 740.15, 1354.23 and 2076.25 levels than last week respectively.

Insurance went up by 6.5 points than last week by closing at 4148.77 level.

This week, more than 11 million shares (11,180,277) were traded through 13,631 transactions worth total 3,589 million which included more than 60 percent of manual transactions of Nepal Investment Bank promoter shares.

Also see the “Inverted Head and Shoulder pattern in Everest Bank Ltd” by Sagun Sakya, Technical Investor.

And Merger of Prabhu and Grand Bank at “Prabhu Bank set to acquire ailing Grand Bank”