Kathmandu, October 14:

After a week-long Dashain vacation, stock market this week performed better due to rising share prices of commercial banks and other companies.

The index of the country’s sole secondary market Nepal Stock Exchange (Nepse) posted a growth of 1.42 points, which had closed with a rise of 2.63 points before the Dashain vacation. The Nepse index has been on a continuous rise for the last one-and-a-half month.

The weekly trading index closed at 398.88 on Thursday, up from the beginning 397.46 on Sunday. The trading registered a steady growth throughout the week, as the index went up to 399.10 on the second day, 399.45 points on the third day and 397.98 points on the fourth day.

According to the Nepse, the weekly turnover stood at Rs 85.5 million with 138,543 unit shares having been traded through 1,200 transactions over the week. A total of 51,327 unit shares worth over Rs 31.2 million were traded through 366 transactions. Out of the 65 listed companies for share trading, 51 companies saw transactions this week.

The weekly trading report shows that out of the eight groups, five groups, including the leading scrip commercial banks registered growth, while two groups lost and the hotel group remained constant.

The commercial banks group registered a growth of 0.55 points. Its index opened at 448.82 points and closed at 449.37 points. Likewise, the finance group gained 0.77 points as its index touched 272.90 points from 272.13 points.

The manufacturing and the other groups led the market this week with an impressive growth, as the indices of these groups rose by 5.07 points and 9.71 points, respectively.

The manufacturing groups’ index started at 314.69 points on Sunday and closed at 319.76 points on Thursday, while the other group closed at 425.19 points from the opening 416.20 points. The development banks group’s index increased by 1.79 points to 319.25 points.

The group had registered growth last week too.

On the other hand, the insurance and trading groups became the losers this week, as their

indices suffered losses of 0.85 point and 1.06 points respectively. The trading of the insurance group began at 396.10 points and settled at 395.25 points, while the trading group went down to 149.66 points. The group’s trading began at 150.72 points. The hotel group’s index, meanwhile, remained unchanged at 179.42 points.

The commercial banks group dominated the Nepse floor, as it continued to capture a lion’s share of the total transaction. The commercial banks group’s share accounted for 81.97

per cent. The others group followed it and stood second with 14.13 per cent, while the development bans group made up of 1.70 per cent share.

Bank of Kathmandu topped all companies in turnover, as it’s trading valued stood at Rs 15.04 million. Chilime Hydropower Company surpassed all in terms of the number of shares traded for the week. A total of 30,045 unit shares of the company exchanged hands at the floor. Siddhartha Bank Ltd topped the race in terms of transactions, as its shares were traded through 139 transactions.

The floor opened for five days under a regular lot, where shares of Nabil Bank, Nepal Investment Bank, Kumari Bank, Siddhartha Bank and Credit Development Bank were traded throughout the week.