Bourse registers marginal growth

Himalayan News Service

Kathmandu, April 30:

Following last week’s fall, share trading at Nepal Stock Exchange (Nepse) recovered this week with a marginal growth. The Nepse index, which dropped by 0.13 point last week, posted a growth of 0.26 point this week. Weekly share trading at the country’s sole secondary market opened with its index at 294.03 points at the beginning of the week. The Nepse index went up to close at 294.29 points on Thursday. Weekly share trading analysis reveals that insurance, finance and development bank groups continued their growth trend, while market leader commercial bank and other group suffered a loss. The manufacturing,

hotel and trading groups remained constant. According to the information released by Nepal Stock Exchange Ltd, the total weekly transaction value and number of shares traded also increased compared to last week. This week’s total transaction value stood at Rs 72,671,235 from 2,338 transactions of 195,241 share units. However, the last week’s total trading value was Rs 56,740,930 through 1,678 transactions of 171,565 shares.

Among the gainers, insurance group secured a growth of 5.67 points. The group, which had also registered growth last week, closed at 309.99 points on the closing day. The group opened at 304.32 points on the opening day. The finance group also gained and its index went up to 210.19 points from the opening 208.80 points on Monday. The group had registered a growth last week, too. Continuing last week’s growth trend, the development bank group posted a growth 0.37 point. The group’s index that opened at 236.85 points climbed up to 237.22 points. However, the commercial bank group, which is the largest scrip at Nepse, suffered a loss of 0.35 point. The group that opened at 321.01 points settled at 320.66 points on the closing day. The group lost ground last week, too. The other group, which had remained constant last week, suffered a loss of 3.17 points. The Nepse index of the group dropped to 335.63 points from the opening 338.80 points.

The manufacturing group, hotel group and the trading group, however, remained constant at 279.80, 176.65 and 116.33 points throughout the week. All these groups had remained static last week, too. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of total share trading. The group secured 88.04 per cent of the total share trading followed by the finance group at 5.64 per cent. The insurance group was in the third position with 3.86 per cent. The other group contributed 1.31 per cent; the development bank group cornered 1.03 per cent. The hotel group had a share of 0.12 per cent.

Lumbini Bank Ltd topped the race in terms of number of transaction and share units. A total of 30,640 shares of the bank were traded through 355 transactions. But Nepal Investment Bank Ltd secured first position for monetary value with traded amount of Rs 14,690,497. The Nepse floor remained open for five working days under regular lot, in which shares of Nepal Investment Bank Ltd, Standard Charted Bank Nepal, Himalayan Bank Ltd, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank Ltd, Bank of Kathmandu, NIC Bank Ltd, Laxmi Bank Ltd, Machhpuchre Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, NCC Bank Ltd, Prudential Insurance Company, Life Insurance Company, International Leasing and Finance Company and Credit Development Bank were traded.