Kathmandu, August 19:

Stock trading at the Nepal Stock Exchange (Nepse) stabilised this week, after a month of uncertainties. However, the weekly trading index lost 3.79 points.

The share prices of commercial banks had fairly improved last week, but declined marginally this week, which also caused a decline in overall Nepse index. Nepse had recovered with over 27 points growth last week after the heaviest fall of about 31 points a week ago.

The weekly share trading at Nepse opened at 391.73 points on Sunday and dropped continuously throughout the week. The Nepse index closed at 390.29 on Monday, 389.23 on Tuesday and settled at 387.94 points on Thursday.

According to Nepse, a total of 178,343 units of shares worth over Rs 64.5 million were traded through 1,549 transactions this week, against the last week’s trading of 90,008 shares from 772 transactions at Rs 49.7 million. Of the total 61 listed companies, 51 companies saw their transactions this week.

The weekly trading report shows that out of eight groups, four major groups witnessed losses and three groups registered growth, while the trading group remained constant.

The commercial banks group, which is the largest scrip by volume at Nepse, suffered a loss of 7.15 points. The group’s index opened at 442.29 points on Sunday and landed at 435.14 points on Thursday. The group had registered heavy growth of over 40 points last week.

Likewise, the hotel and the other groups are also the losers this week with their indices settled at 179.62 points and 424.11 points respectively. The development banks group, which had gained last week, suffered a loss of 2.24 points this week, as its index dropped to 287.83 poi-nts on the last day from the op-ening 290.07 points on Sunday.

On other hand, the finance and the insurance groups recovered with marginal growth. The finance group’s index went up to 263.08 points from the opening 262.55 points, while the insurance group recorded a growth of 2.39 points. The group’s index began at 389.11 points and went up to 391.50 points on the closing day.

The manufacturing group, which had remained constant last week, registered a significant growth of 13.17 points this week. The group that started its trading at 303.65 points on Sunday closed at 316.82 points on the closing day.

The weekly trading of the insurance group opened at 388.65 points and closed at 389.80 points, while the development banks group began its trading at 287.98 points on Sunday and landed at 290.07 points on the closing day.

The trading group, meanwhile, saw no change in its index and remained constant at 148.11 points. The commercial banks group continued to dominate the Nepse floor by capturing a lion share. The group cornered 70.89 per cent of the total transaction. The insurance group followed it with 13.59 per cent, while the finan-ce group captured 12 per cent. The other group was able to ca-pture 1.83 per cent and trading group had only 0.92 per cent.

In terms of maximum number of transactions and share units, Guheshwari Merchant Banking and Finance topped the race with 35,210 shares that exchanged hands through 614 transactions. But, Kumari Bank Ltd outshone others in the monetary value traded for the week that stood at Rs 7.4 million.