Himalayan News Service

Kathmandu, June 4:

After series of fall, share trading at Nepal Stock Exchange (Nepse) recovered this week, as the Nepse index posted 2.54 points growth. The weekly share trading at the country’s sole secondary market opened on Sunday with 278.43 points and went up to close at 280.97 points on the closing day. Earlier, the share trading witnessed a decline for five consecutive weeks. With a recovery of commercial bank group along with a healthy trading recorded by the insurance group helped the recovery of overall share trading. The hotel and finance groups also registered a marginal growth, however, the groups like manufacturing, trading and other remained constant. According to Nepal Stock Exchange Ltd, the total weekly transaction value also increased in comparison to last week. This week’s total transaction value stood at Rs 134,687,776 from 1,911 transactions of 1,049,052 share units. However, last week’s total trading value was Rs 31,695,749 through 1,360 transactions of 97,125 shares. Out of 75 listed companies only 70 saw their transaction this week.

Commercial bank group, the largest scrip at Nepse propelled by a good comeback posted a growth of 3.26 points. The group’s index, which has been suffering loss since last couple of weeks, closed up at 298.10 points from the opening 294.74 points on Sunday. The insurance group, which has been registering a growth for last couple of weeks, also posted a healthy growth of 11.85 points this week. The index of the group that opened at 293.43 points on Sunday climbed up to close at 305.28 points on the closing day. Likewise, the hotel and finance groups also registered growth in their respective indices. The indices of these groups closed at 177.05 points and 228.53 points from 176.66 points and 227.72 points respectively. However, the development bank group became a sole loser this week, as its index tumbled by 6.57 points. Earlier the group opened at 248.35 points on Sunday.

The manufacturing group, the trading group and the other group, however, remained constant at 276.29 points, 118.97 points and 335.63 points respectively. All these groups except the manufacturing group had remained constant last week, too. Breaking a regular trend, the manufacturing group this week dominated the Nepse floor capturing the largest chunk of the total share trading at 70 per cent. The commercial bank group, which is a regular leader, followed at 26.16 per cent. The finance group was in the third position with 2.72 per cent, while the insurance group contributed 0.54 per cent. The development bank group cornered 0.58 per cent of the total share trading.

Paschimanchal Development Bank Ltd topped the race in terms of number of transactions with 303 transactions in total. But Himalayan Distillery Ltd stood first in terms of monetary value and number of shares traded through the block share trading. A total of 933,000 shares of the company were traded at Rs 93,300,000. The floor remained open for five working days under regular lot, where the shares of Nabil Bank, Nepal Investment Bank Ltd, Himalayan Bank Ltd, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank Ltd, Bank of Kathmandu, NIC Bank Ltd, Machhapuchre Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, NCC Bank Ltd, Nepal Life Insurance Company, Nepal Merchant Banking and Finance, International Leasing and Finance, Credit Development Bank and Nepal Sri Lanka Merchant Bank, were traded.