Banking group pushes Nepse up

Standard Chartered Bank Nepal, Bank of Kathmandu (BoK), Citizens' International Bank and Nepal Investment Bank gained this week.
Standard Chartered Bank Nepal gained Rs 542 to Rs 5,967 per share and Nabil Bank gained Rs 443 to Rs 4,878 per share in a single day -- on Wednesday -- pushing the banking index up. The information of the 253rd meeting of the board of Standard Chartered Bank Nepal -- held on August 12 -- that has proposed Rs 50 per share cash dividend and 2:1 bonus shares -- subject to the approval from Nepal Rastra Bank and bank's AGM -- rebounded the secondary market.
Nepse also gained 17.19 points to close at 717.2 points on Wednesday -- the last day of trading for this week as Thursday was a public holiday -- from Sunday morning's opening of 700.01 points.
Though the transaction amount this week plunged by 47.82 per cent to Rs 389.3 million from last week's Rs 263.3 million the contribution of Group-A companies -- blue-chip shares -- went slightly up by 47.82 per cent as against last week's 44.29 per cent. The 78-scrip sensitive index also gained 7.33 points to 192.30 from Sunday morning's opening of 184.97 points. Similarly, the float index -- calculated on the basis of real transactions - rose by 2.15 points to close at 69.37 points.
This week, Standard Chartered Bank Nepal (with Rs 38.49 million) topped the chart in terms trading amount followed by Bank of Kathmandu (with Rs 34.09 million), Citizens' Bank Investment (with Rs 25.57 million), Nepal Investment Bank (with Rs 24.46 million) and Butwal Power Company (with Rs 23.48 million).
Similarly, in terms of share units traded National Hydropower Company topped the chart with 1,76,000-unit of shares being traded. In terms of number of transactions, Bank of Asia topped the chart with 392 transactions.
The market this week gained on only one day on Tuesday as the other three days Nepse continuously lost due to present uncertainty and nervousness of investors.
The commercial banks, hydropower, finance companies, insurance companies and manufacturing sub-groups gained this week whereas others and development banks sub-group could not perform better and hotels and trading sub-group did not see any trading this week.

NMB allotes Arun Valley IPO
KATHMANDU: NMB Bank Ltd allotted primary shares of Arun Valley Hydropower Development Coompany on Friday. The Hydrpower company -- that has issued the primary shares adding premium of Rs 84 at a face price of Rs 100 per unit -- had floated its 5,15,000-unit shares at Rs 184 per unit from June 23 to June 26. It has received a total of 1,10,737 valid applications but only 27,502 applicants got the shares. Arun Valley became the first company to float the shares adding premium though Chilime Hydropower is the first to recveive approval to add premium.

What is Bull Market
KATHMANDU: A prolonged period in which investment prices rise faster than their historical average. Bull markets can happen as a result of an economic recovery, an economic boom, or investor psychology. The longest and most famous bull market is the one that began in the early 1990s in which the US equity markets grew at their fastest pace ever. opposite of bear market.