Himalayan News Service

Kathmandu, April 23:

After a continued growth, share trading at Nepal Stock Exchange (Nepse) this week suffered a marginal loss. The Nepse index, which posted growth of over two points last week, dropped

by 0.13 point. The weekly share trading at the country’s sole secondary market opened with its index at 293.71 points on Monday and went down to close at 293.58 points on Thursday. Weekly share trading analysis reveals that four major scrips including manufacturing, hotel, trading and other groups remained static, whereas the leading commercial bank group suffered a loss. However, insurance, finance and development bank groups recorded growth.

According to Nepal Stock Exchange Ltd, the total weekly transaction value and number of shares traded, however, increased in comparison to last week. This week’s total transaction value stood at Rs 56,740,930 from 1,678 transactions of 171,565 share units. However, last week’s total trading value was Rs 41,807,304 through 1,205 transactions of 110,582 shares.

Among the gainers, the insurance group posted a growth of 5.46 points. The group, which had also registered a growth last week, closed at 299.63 points on the closing day. The group opened at 294.17 points on Monday.

The finance group also gained marginally, as its index went up to 207.81 points from the opening 207.76 points on Monday. The group had registered a growth last week, too.

Continuing its growth trend, the development bank group posted a healthy growth of about seven points. The group’s index that opened at 229.52 points on Monday climbed up to 236.12 points. However, the commercial bank group, which is the largest scrip at the Nepse, suffered a loss of about one point. The group that opened at 322.04 points on Monday settled at 321.08 points on the closing day. The manufacturing group, hotel group, the other group and the trading group, however, remained constant at 279.80 points, 176.65 points, 335.63 points and 116.33 points respectively, throughout the week. All the groups, except the hotel group, had recorded growth in their respective indices last week. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of the total share trading. The group secured 92.06 per cent of the total share trading followed by the finance group at 3.81 per cent. The insurance group was in the third position with 3.10 per cent.

The manufacturing group contributed 0.40 per cent whereas the trading group cornered 0.39 per cent. The development bank group had a share of 0.13 per cent and the hotel group had a share of 0.11 per cent.

Kumari Bank Ltd topped the race in terms of number of transaction with 303 transactions this week. But, Nepal Bangladesh Bank is the largest trader with highest number of shares trading and monetary value. A total of 26,630 shares of the bank were traded at Rs 8,128,420. The floor remained open for only four working days this week under regular lot. During the week, shares of Nabil Bank Ltd, Nepal Investment Bank Ltd, Himalayan Bank Ltd, Nepal Bangladesh Bank, Bank of Kathmandu, NIC Bank Ltd, Laxmi Bank Ltd, Machhapuchhre Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, NCC Bank Ltd, Nepal Life Insurance, Lumbini Finance and Leasing Company, and Nepal Sri Lanka Merchant Bank, were traded. The shares of Standard Chartered Bank, Everest Bank Ltd, Prudential Insurance, Nepal Life Insurance, Nepal Merchant Banking and Finance and Credit Development Bank were traded for three days only.