Bourse continues to move upwards

Himalayan News Service

Kathmandu, January 22:

Share trading at the country’s sole secondary Nepal Stock Exchange (Nepse) posted a growth for straight second week. The Nepse index went up by 2.22 points this week.

Propelled by robust performance of the other group, Nepse index that started at 239.89 points on Monday climbed to 242.11 points on Friday. The weekly share trading analysis reveals that the performance of the other group has helped a growth in the index this week. Growth in trading of commercial bank and manufacturing groups also noted during the five-day trading. The Nepse index of the commercial bank group, which gained last week, too, climbed up to 256.11 points from the opening 255.39 points on Monday.

Likewise, the manufacturing group’s index went up to 274.39 points from the opening 273.97 points on Monday. However, the hotel group, the insurance group, finance group and the development bank group, all toppled, this week.

The Nepse index of the hotel group settled at 172.63 points from the opening 173.97 points on Monday. Similarly, the index of insurance group landed at 238.44 points on the closing day from 238.89 points on Monday. The Nepse indices of the finance and development bank groups, too, witnessed a decline. Their indices opened at 208.10 points and 202.82 points on Monday eased down to 207.93 points and 196.40 points respectively on the closing day.

According to Nepal Stock Exchange Ltd, the total transaction value stood at Rs 2,48,770,424 this week from 1509 transactions of 200,642 share units throughout the week. However, the last week’s total trading value was Rs66,421,578 through 2242 transaction and 284,943 shares. Out of the total 60 listed companies, only 49 companies saw their transaction this week. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of the total share trading. It captured 83.89 per cent of the total trading, followed by the finance group with 8.05 per cent.

The other group was in the third position with 4.53 per cent market share, whereas the hotel group cornered 1.70 per cent and the insurance group contributed 1.39 per cent.

The development bank group contributed 0.40 per cent, while the manufacturing group has a mere 0.04 per cent share of the total trading.

Laxmi Bank Ltd topped the race of single largest trader in terms of share units and monetary value. A total of 21,800 unit shares of the bank were traded at Rs 4,793,520. But Fewa Finance Ltd was the frontrunner in transaction with 429 transactions.

The floor remained open for all five working days, where the shares of Himalayan Bank Ltd, Nepal SBI Bank, Nepal Bangladesh Bank, Bank of Kathmandu, NIC Bank Ltd, Laxmi Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd and Life Insurance Company, were traded throughout the week. The shares of Nabil Bank Ltd, Everest Bank Ltd, Gorakhkali Rubber Factory, Nepal Merchant Banking and Finance and Nepal Development bank were traded only for four days.