The contribution of Group-A companies -- the blue-chip shares in the domestic market -- dropped to 24.69 per cent from last week's 50.86 per cent. However, the transaction has gone up by 103.88 per cent to Rs 462.61 million against last week's decrease of 1.76 per cent.
The Nespe also lost 3.18 points to 667.43 points from last week's closing of 670.61 points. The 78-scrip sensitive index lost 1.54 points to 177.36 points from last week's closing of 178.90 points. The float index -- calculated on the basis of real transactions -- also shed 0.19 points to close at 64.09 points.
The shareholders of the commercial banks, development banks, finance companies and insurance companies lost while the hotels, hydropower and trading sub-groups' share holders gained this week. The manufacturing sub-group did not see any transaction of its shares but others sub-group -- that has Nepal Telecom shares under its belt -- after the plunge it recovered to close at 646.19 points -- the closing of last week.
This week NCC Bank (with Rs 98.30 million) topped the chart in terms trading amount followed by National Hydropower (with Rs 87.89 million), Nepal Bangladesh Bank (with Rs 63.83 million), Bank of Kathmandu (with Rs 17.02 million) and Standard Chartered Bank Nepal (with Rs 15.53 million).
Similarly, in terms of share units traded National Hydropower topped the chart as its 9,82,000-unit of shares changed hands. But in terms of number of transactions, Pashupati Bikas Bank topped the chart with 604 transactions.
Showing posts with label Blue Chip shares. Show all posts
Showing posts with label Blue Chip shares. Show all posts
Saturday, July 4, 2009
Tuesday, April 28, 2009
NMB starts online share application
Good news for share investors !Soon it will be possible for them to apply for the primary issue from their own homes.
"The days of long queues to apply for primary issues will soon be a thing of past," said Upendra Poudyal, CEO of NMB Bank Ltd, launching his bank's online share application service -- NMB e-Solutions: NMB online share application -- here today.
NMB Bank has come up with the first step in the online share application system. "An investor can now file profile online and need not fill up any applications," he said adding that it will also help save investors time and energy everytime a primary issue is floated.
However, for the time being as Securities Board of Nepal (Sebon) has not brought an online share application regulation one has to follow some procedure manually as usual, such as registration.
"Once an investor files his/her profile online, he/she will get a slip with ID code -- easily printable -- and can register at the privileged counters with mandatory documents like photos and xerox copies of citizenship certificate and pay the amount equal to the number of shares sought," CEO Poudyal added.
However, it will definitely take some time to go to complete electronic application system for shares. "Some changes in the regulatory framework of the Securities Regulation and greater awareness among investors could help go for complete electronic system of application for shares in the future," he said, "NMB Bank will improve the service gradually and go completely electronic," Poudyal assured. "While it is our initiative to start online share application, I feel other issue managers will also follow suit to make the share application process easier."
"The days of long queues to apply for primary issues will soon be a thing of past," said Upendra Poudyal, CEO of NMB Bank Ltd, launching his bank's online share application service -- NMB e-Solutions: NMB online share application -- here today.
NMB Bank has come up with the first step in the online share application system. "An investor can now file profile online and need not fill up any applications," he said adding that it will also help save investors time and energy everytime a primary issue is floated.
However, for the time being as Securities Board of Nepal (Sebon) has not brought an online share application regulation one has to follow some procedure manually as usual, such as registration.
"Once an investor files his/her profile online, he/she will get a slip with ID code -- easily printable -- and can register at the privileged counters with mandatory documents like photos and xerox copies of citizenship certificate and pay the amount equal to the number of shares sought," CEO Poudyal added.
However, it will definitely take some time to go to complete electronic application system for shares. "Some changes in the regulatory framework of the Securities Regulation and greater awareness among investors could help go for complete electronic system of application for shares in the future," he said, "NMB Bank will improve the service gradually and go completely electronic," Poudyal assured. "While it is our initiative to start online share application, I feel other issue managers will also follow suit to make the share application process easier."
The Nepali capital market has seen tremendous growth in the last one decade. The sole secondary market has been automated and the number of investors at present is estimated at around 1.5 million. If the complete ectronic share application is implemented by the Sebon, the investors will benefit more and fake applications could be checked.
Saturday, April 18, 2009
Global Bank dominates Nepse
Global Bank dominated the Nepse this week as it topped the chart in terms of share units traded, trading amount and number of transactions with 29,000-unit shares through 423 transactions at Rs 17.28 million.
Experts, however, suspected matching that has fueled the performance of Global Bank this week. This is the second week the bank's shares started trading in the secondary market.
"Share matching -- a process of transferring shares to one's name from other's in mutual consent -- might be the reason behind the latest entrant Global Bank's performance," suspected Rabindra Bhattarai, a share analyst.
Though some brokers claim that matching is not possible in the automated system others believe its still in practice in some way or other.
Of the nine-sub groups' indices, the four sub-groups -- commercial banks, hotels, others and manufacturing -- surged to push the Nepse up, albeit marginally, but the equal number of sub-groups -- development banks, finance companies, insurance companies and hydropower -- lost whereas only one -- trading -- sub-group remained constant as it did not see any transaction this week.
The other sub-group gained 7.04 points -- the highest for the week -- to 618.00 points, whereas the manufacturing sub-group came second with 6.27 points gain to 434.05 points. The commercial banks sub-group gained 3.86 points to 664.72 points and hotels sub-group gained 2.17 points to 361.66 points.
However, development banks sub-group's index plunged by 15.31 points to 842.51 points and hydropower sub-group shed 11.05 points to 864.45 points. Similarly, the insurance companies sub-group lost 4.08 points to 657.47 points and finance companies sub-group lost 1.97 points to 761.35 points.
This week's top performers were Global Bank (with Rs 17.28 million), Standard Chartered Bank Nepal (with Rs 8.99 million), Gurkha Development Bank (with Rs 8.56 million), Bank of Kathmandu (with Rs 7.33 million) and Nabil Bank (with Rs 5.21 million).
This week witnessed only three-day trading -- due to a public holiday on Tuesday of Nepali New Year and a day of strike by Nepse's employees halting trading -- unlike its regular five-day trading last week.
The week started in red as on Sunday, the Nepse shed 0.21 point to 660.15 points from the morning's opening of 660.36 points. However, Monday witnessed a gain of 1.12 points to 661.27 points. Nepse continued to gain on the last day of the trading for this week with 1. 44 points to close the market at 662.71 points.
The major players surge pushed the Nepse this week by 2.35 points to close at 662.71 points from the Sunday's opening of 660.36 points.
Similarly, the 78-scrip sensitive index -- considered the blue chip shares in the domestic market -- also gained 0.82 point to 176.66 points from Sunday's opening of 175.85 points. The float index -- calculated on the basis of real transactions -- gained 0.19 point to 64.71 points from the Sunday's opening of 64.52 points.
However, the total transaction amount for this week decreased to Rs 123.5 million from last week's transaction of Rs 188.68 million. The contribution of Group-A companies also dropped to 53.69 per cent against last week's 63.07 per cent.
Experts, however, suspected matching that has fueled the performance of Global Bank this week. This is the second week the bank's shares started trading in the secondary market.
"Share matching -- a process of transferring shares to one's name from other's in mutual consent -- might be the reason behind the latest entrant Global Bank's performance," suspected Rabindra Bhattarai, a share analyst.
Though some brokers claim that matching is not possible in the automated system others believe its still in practice in some way or other.
Of the nine-sub groups' indices, the four sub-groups -- commercial banks, hotels, others and manufacturing -- surged to push the Nepse up, albeit marginally, but the equal number of sub-groups -- development banks, finance companies, insurance companies and hydropower -- lost whereas only one -- trading -- sub-group remained constant as it did not see any transaction this week.
The other sub-group gained 7.04 points -- the highest for the week -- to 618.00 points, whereas the manufacturing sub-group came second with 6.27 points gain to 434.05 points. The commercial banks sub-group gained 3.86 points to 664.72 points and hotels sub-group gained 2.17 points to 361.66 points.
However, development banks sub-group's index plunged by 15.31 points to 842.51 points and hydropower sub-group shed 11.05 points to 864.45 points. Similarly, the insurance companies sub-group lost 4.08 points to 657.47 points and finance companies sub-group lost 1.97 points to 761.35 points.
This week's top performers were Global Bank (with Rs 17.28 million), Standard Chartered Bank Nepal (with Rs 8.99 million), Gurkha Development Bank (with Rs 8.56 million), Bank of Kathmandu (with Rs 7.33 million) and Nabil Bank (with Rs 5.21 million).
This week witnessed only three-day trading -- due to a public holiday on Tuesday of Nepali New Year and a day of strike by Nepse's employees halting trading -- unlike its regular five-day trading last week.
The week started in red as on Sunday, the Nepse shed 0.21 point to 660.15 points from the morning's opening of 660.36 points. However, Monday witnessed a gain of 1.12 points to 661.27 points. Nepse continued to gain on the last day of the trading for this week with 1. 44 points to close the market at 662.71 points.
The major players surge pushed the Nepse this week by 2.35 points to close at 662.71 points from the Sunday's opening of 660.36 points.
Similarly, the 78-scrip sensitive index -- considered the blue chip shares in the domestic market -- also gained 0.82 point to 176.66 points from Sunday's opening of 175.85 points. The float index -- calculated on the basis of real transactions -- gained 0.19 point to 64.71 points from the Sunday's opening of 64.52 points.
However, the total transaction amount for this week decreased to Rs 123.5 million from last week's transaction of Rs 188.68 million. The contribution of Group-A companies also dropped to 53.69 per cent against last week's 63.07 per cent.
Wednesday, April 15, 2009
Saturday, December 20, 2008
Nepse plunge belies investment myths
The whopping fall in the index of commercial banks, development banks and finance companies group -- considered blue chip shares -- in recent weeks belies the belief that financial institutions are goldmines.
This week, commercial banks lost 31.03 points to slide to reach 694.17 points, development banks lost 45.63 points to slide to 1094.89 points, finance companies lost 22.69 points to stop at 971.04 points, hydropower companies lost 4.72 points to go to 918.82 points and insurance companies lost 19.88 points to go to 731.34 points, respectively. They also pulled down the Nepal Stock Exchange (Nepse) index down by 22.73 points to 720.52 points from last week's closing of 743.25 points.
While stock markets are known for their irrational exuberance the domestic secondary market seems to be in correction mode over the recent months, compelling investors to be more circumspect. One should attach place importance to the company, its background and promoters, financials and valuations before investing in its shares.
This week, the total transaction dropped by 20.95 per cent to tumble to Rs 352.85 million from last week's Rs 446.37 million. Around 82 companies' scrips were traded in the secondary market where the group-A companies contributed 56.08 per cent to the total trading from last week's 39.87 per cent. Nepse ended in negative territory for all five days of this week.
The hype surrounding the secondary market is cooling down as the float index -- calculated on the basis of real transactions -- lost 2.37 points to 69.74 points from last week's closing of 72.16 points. Similarly, the sensitive index -- a barometer of group-A companies -- also plunged by 7.07 points to slide down to 188.40 points from last weeks' closing of 195.47 points.
This week, Siddhartha Bank (with Rs 44.64 million), Nepal Development and Employment Promotion Bank (with Rs 29.16 million), Standard Chartered Bank Nepal (with Rs 24.04 million), IME Financial Institution (with Rs 21.76 million) and Annapurna Bikas Bank (with Rs 20.34 million) were the top scorers.
In terms of numbers of share units traded, Siddhartha Bank topped the chart with 41,000-unit shares while in terms of number of transactions Nepal Development and Employment Promotion Bank topped the chart with 653 transactions.
This week, commercial banks lost 31.03 points to slide to reach 694.17 points, development banks lost 45.63 points to slide to 1094.89 points, finance companies lost 22.69 points to stop at 971.04 points, hydropower companies lost 4.72 points to go to 918.82 points and insurance companies lost 19.88 points to go to 731.34 points, respectively. They also pulled down the Nepal Stock Exchange (Nepse) index down by 22.73 points to 720.52 points from last week's closing of 743.25 points.
While stock markets are known for their irrational exuberance the domestic secondary market seems to be in correction mode over the recent months, compelling investors to be more circumspect. One should attach place importance to the company, its background and promoters, financials and valuations before investing in its shares.
This week, the total transaction dropped by 20.95 per cent to tumble to Rs 352.85 million from last week's Rs 446.37 million. Around 82 companies' scrips were traded in the secondary market where the group-A companies contributed 56.08 per cent to the total trading from last week's 39.87 per cent. Nepse ended in negative territory for all five days of this week.
The hype surrounding the secondary market is cooling down as the float index -- calculated on the basis of real transactions -- lost 2.37 points to 69.74 points from last week's closing of 72.16 points. Similarly, the sensitive index -- a barometer of group-A companies -- also plunged by 7.07 points to slide down to 188.40 points from last weeks' closing of 195.47 points.
This week, Siddhartha Bank (with Rs 44.64 million), Nepal Development and Employment Promotion Bank (with Rs 29.16 million), Standard Chartered Bank Nepal (with Rs 24.04 million), IME Financial Institution (with Rs 21.76 million) and Annapurna Bikas Bank (with Rs 20.34 million) were the top scorers.
In terms of numbers of share units traded, Siddhartha Bank topped the chart with 41,000-unit shares while in terms of number of transactions Nepal Development and Employment Promotion Bank topped the chart with 653 transactions.
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