Nepse rise continues

25th-04-2012

KATHMANDU: Continuing the bull run, Nepse today soared by 5.22 per cent before the circuit breaker pulled the brakes on trading.

The benchmark index increased by 19.22 points reaching 388.34 points –– the highest points reached in last one year. The surge in stock prices once again brought stock trading to a standstill as the circuit breaker at Nepse came into action. The index increased by five per cent at 1.30 pm, so trading was suspended for the rest of the day. Prior to that too, the trading floor had witnessed a halt for 15 minutes due to a surge in the index by three per cent.

With more and more investors vying for blue chip stocks, the sensitive index, which measures the performance of class ‘A’ companies, increased by five per cent to 100.29 points.

Lately, Bank of Kathmandu has emerged as the major puller in the market and the most number of shares traded by investors belonged to the bank. The bank saw its 23,993 shares traded in 103 transactions earning Rs 57 per unit at today’s closing of Rs 631 from the previous day’s closing price. Nabil Bank was the biggest earner of the day –– it saw its stock price appreciate by Rs 120.

Bishal Bazaar, though, lost Rs 85 per unit share becoming

the biggest loser of the day. Today, 134,880 unit shares worth Rs 53 million, belonging to 62 companies were traded in 606 transactions. The ongoing rise in stock prices has pushed

market capitalisation to more than Rs 366 billion. Himal;