The stock
market has started showing its future trend as the Nepal Stock Exchange (Nepse)
saw highest trading of three hydropower companies – out of total five listed
hydropower companies – in a week.
Arun Valley
Hydropower topped the chart of the highest traded companies with Rs 109.18
million, whereas newly listed Sanima Mai Hydropower followed with Rs 90.84
million and Chilime Hydropower saw Rs 48.71 million – making a total of Rs
248.74 million worth share trading of the hydropower companies alone, in a
week's trading last week.
The
manufacturing companies used to dominate the stock market in its earlier days,
whereas the banks and financial institutions have dominance in the
market currently.
The market
witnessed transaction of Rs 1.21 billion – against a week ago's Rs 1.11 billion
– whereas the hydropower companies' contributed to above a quarter of the total
transactions. There are only five hydropower companies at the Nepse against
around 200 banks and finance companies that are still thought to be lucrative
stocks. But 2.5M-W Ridi Hydropower is going to be the sixth hydropower to be
listed at the Nepse – soon – to be followed by 456-MW Upper Tamakoshi that will
ensure more dominance of the hydel companies.
Currently, the country is energy stressed and witnesses some 84 hours of power cut in a week inviting potential investors to exploit hydropower resources.
The stock market last week
surged by 10.6 points as the Nepse closed at 786.52 points on Thursday from the
Sunday morning's opening of 775.92 points.Currently, the country is energy stressed and witnesses some 84 hours of power cut in a week inviting potential investors to exploit hydropower resources.
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