Business

WEEKLY SHARE UPDATE: Nepse index posts growth

WEEKLY SHARE UPDATE: Nepse index posts growth

By Himalayan News Service

Kathmandu, February 11:

Nepal Stock Exchange (Nepse) index registered an increment of 1.23 points this week. The weekly share trading at the country’s sole secondary market started at 309.09 points on Sunday and went up to 310.32 points on Thursday, the last day of the trading under a regular lot.

The leading groups, including commercial banks and finance groups, maintained growth while the insurance group showed a decline and hotels and manufacturing group remained constant during the weekly trading.

According to the Nepse, a total of 134291 units of shares valued at Rs 45476674 were traded through 739 transactions this week. Last week, a total of 131794 unit shares changed hands generating a turnover of Rs 46822035 from 677 transactions. Of the 68 listed companies, only 53 saw their transaction this week.

The weekly trading report showed that the commercial banks group, which is the largest scrip by volume, captured 67.11 per cent of total share transaction. The index of the group that opened at 335.15 points on Sunday went up to 339.95 points on the closing day. The group showed an increment of 4.8 points. The insurance group showed a decline of 0.28 point, as its index decreased from 334.39 to 334.11on the closing day.

The hotel and manufacturing groups saw no changes in their respective indices. The indices of these groups remained constant at 181.26 points and 274.00 points respectively whereas trade group’s index posted hike from 142.78 points to 148.07 points.

Of the total transactions during the week at the Nepse floor, the commercial banks group continued to capture the lion’s share of 67.11 per cent. The share of development banking group comprised 26.61 per cent of the total transaction. Hotel and manufacturing groups’ shares were not tr-ansacted while the trading group and insurance group captured a meager per cent of 1.93 per cent and 0.43 per cent respectively.

The total purchase of shares at the floor remained at 117 during the week, averaging 29 unit per day. While the total sales stood at 63, meaning that only 15 shares were sold on average per day throughout the week.

In terms of maximum number of transactions and the number of shares traded, Lumbini Bank topped the list with 42400 shares traded through 223 transactions. In terms of share value Development Credit Bank was on the top.