Kathmandu — As the NEPSE index increased by 14.42 points overall this week, the share prices of 140 companies rose while the prices of 108 companies fell. This week, investors showed interest in the hydropower, finance, hotel and tourism, others, and investment sub-sectors.
According to NP Stocks, the hydropower sub-sector increased by 5.51%, finance by 4.33%, hotel and tourism by 2.21%, others by 1.23%, and the investment sub-sector by 0.24%. The sub-sectors that declined included non-life insurance, microfinance, banking, development banks, life insurance, production and processing, and trading.
As in previous weeks, hydropower companies continued to dominate the stock market this week as well. Among the top 10 companies that gained in the stock market this week, hydropower companies held the majority. Out of the 10 companies on the list, 9 are hydropower companies and only one is a finance company.
Pure Energy’s share price increased by 60.98%, Butwal Power Company by 21.01%, Shri Investment Finance by 20.80%, Synergy Power Development by 19.25%, River Falls Power by 18.14%, Chilime Hydropower by 16.56%, Union Hydropower by 14.73%, Sanima Mai Hydropower by 12.56%, Himalayan Power Partner by 12.07%, and Dolti Power by 11.27%.
Among the 10 companies that lost value were Om Megashree Pharmaceuticals, Upakar Microfinance, Bhugol Energy Development, Crest Micro Life Insurance, Samaj Microfinance, Sapta Koshi Development Bank, Green Development Bank, Dordee Khola Hydropower, Asian Hydropower, and Nepal Microinsurance Company. Om Megashree Pharmaceuticals experienced the largest decline, with its share price dropping by 17.23%.
The share price of Upakar Microfinance decreased by 13.15%, Bhugol Energy Development by 10.49%, Crest Micro Life Insurance by 9.38%, Samaj Microfinance by 8.32%, Sapta Koshi Development Bank by 8.07%, Green Development Bank by 7.67%, Dordee Khola Hydropower by 6.12%, Asian Hydropower by 5.71%, and Nepal Microinsurance by 5.25%. Investors in these companies lost the value of their assets.
Hydropower companies also dominated in terms of trading volume. This week, Radhi Bidyut Company had the highest transaction volume. The company alone recorded transactions worth NPR 2.97 billion (Rs. 2,97,79,00,000) during the week.
Ngadi Group Power recorded transactions worth NPR 2.86 billion (Rs. 2,86,33,00,000), Sanima Mai Hydropower NPR 2.48 billion (Rs. 2,48,49,00,000), Universal Power Company NPR 2.46 billion (Rs. 2,46,07,00,000), Butwal Power NPR 2.30 billion (Rs. 2,30,48,00,000), Arun Kabeli Power NPR 1.69 billion (Rs. 1,69,86,00,000), NRN Infrastructure and Development NPR 1.66 billion (Rs. 1,66,93,00,000), Chilime Hydropower NPR 1.63 billion (Rs. 1,63,46,00,000), CEDB Holdings NPR 1.24 billion (Rs. 1,24,45,00,000), and Arun Valley Hydropower Development NPR 1.16 billion (Rs. 1,16,67,00,000).
According to NEPSE, a total transaction of NPR 50.41 billion was recorded over the five trading days. On Sunday, transactions amounted to NPR 9.13 billion; on Monday, NPR 8.68 billion; on Tuesday, NPR 10.16 billion; and on Wednesday, NPR 9.90 billion. On Thursday, the last trading day of the week, the market saw the highest transaction in the past three months, reaching NPR 12.51 billion, according to NEPSE data.
With the NEPSE index increasing by 14.42 points over the week, the size of the stock market (total market capitalization) rose by NPR 24.02 billion. The total market capitalization, which stood at NPR 4.399 trillion last Thursday, reached NPR 4.423 trillion this Thursday. Total market capitalization is calculated by multiplying the total listed shares by their respective share prices on the same day.
An increase in market capitalization means that the market value of listed shares has gone up. Based on this, a rise in capitalization is interpreted as an increase in the value of investors’ assets.
Source: Kantipur
