January 26, 2019 | Investopaper
If you are interested to know the summary of the last week in five minutes, this could be the quick market review as we bring you the five talking points of last week.
#1 UPPER SHARES TURNOVER ACCOUNTED TO AROUND 30 PERCENT OF TOTAL TURNOVER AMOUNT LAST WEEK BUT SHARE PRICE FALLS BY 11.90 PERCENT.
Many investors expected that Upper Tamakoshi shares would continue to grow this week also and the first day hinted the same as Upper price rose to Rs. 342 (10%gain) within the first two hours of trading but fell to close at Rs. 292 on the same day. The turnover for the week was 48.18 crore and price closed on Rs. 274.
#2 UNILEVER SHAREHOLDERS LOST Rs. 2500 IN 4 DAY TRADING
Unilever Nepal share price fell by 10.73% in the last four days of week trading. The turnover amount was 81.88 lakhs for the week with 385 no. of shares traded during the week.
#3 COMPULSORY PAN SYSTEM TO BE IMPLEMENTED IN NEPALESE CAPITAL MARKET
Investors showered mixed response to the news that Sebon and IRD were preparing to implement compulsory pan system in Nepalese capital market. The investors will require pan number to buy or sell in the capital market. This news is supposed to make an impact on the next week trading.
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#4 FIVE COMMERCIAL BANKS, 6 DEVELOPMENT BANKS, 6 MICRO FINANCE, AND 3 FINANCES PUBLISHED THEIR SECOND QUARTER REPORT
GLOBAL IME, CITIZEN, PRABHU, SIDDHARTHA, AND KUMARI BANK published their second quarterly report this week. Similarly, OM, KAMANA SEWA, TINAU, JYOTI, DEVA, LUMBINI development bank published their report.ASHA, SABAIKO, INFINITY, KALIKA, LAXMI AND NATIONAL microfinance published their report. UNITED, ICFC AND GUHESWORI finance also published their report this week.
#5 ONLINE TRADING STILL IN DOUBT AFTER NEPSE SITE CRASHES AGAIN
Investors who have been protesting for reforms in the online trading system were again left frustrated after the Nepse website crashed on the first trading day last week. The market lost 8.33 points during the period of the technical glitch.
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