Bourse stays on growth path

Kathmandu, July 30:

Commercial banks group has, for yet another week, helped Nepse index register a growth. This week the index posted a growth of 3.92 points. According to the figures, the Nepse index opened at 291.97 points on Sunday, and closed up at 295.89 on Thursday, the last day of the share transactions under the regular lot. The share trading had recorded a growth of 2.98 points last week. The commercial banks group, the largest scrip by volume at the Nepse floor posted a healthy growth of 7.21 points. The group, which had gained more than six points last week, opened at 313.33 points and closed up at 320.54 points on the closing day.

The commercial banks group’s healthy trading was supported by the hotel and insurance groups as well. The manufacturing, the other, the finance and the development bank groups, however, posted a loss this week.

The total weekly transaction value also increased this week and stood at Rs 139,299,608 from 2,178 transactions of 400,846 share units. The last week’s total trading value was of Rs 27,551,064 through 1,510 transactions of 109,161 shares. Out of the total 66 listed companies, 57 companies saw their transaction this week. The insurance group posted a growth of 1.63 points. The group’s index that opened at 321.24 points on Sunday closed up at 322.87 points. Likewise, the hotel group’s index climbed up to 179.15 points on Sunday to 180.11 points on the closing day. However, the other group suffered a heavy loss of about nine points due to bad performance of the related companies in recent weeks.

The group that opened at 338.76 points on Sunday plunged to 330.01 points on the closing day. The manufacturing group also suffered a loss, albeit marginally and closed down at 276.38 points. Earlier the index of the group has opened at 276.45 points on Sunday. The finance and the development bank groups are also the losers this week, as their respective indices declined to 228.42 points and 250.77 points. The indices of these groups has opened at 229.56 points and 252.36 points respectively on Sunday. The trading group, however, remained constant at 123.20 points throughout the week.

Among the eight groups, the commercial banks group continued its domination by capturing the largest chunk of the share. It captured 93.96 per cent of the total trading. The finance group came in behind, capturing 3.99 per cent. The insurance group had 1.23 per cent, while the development banks group contributed 0.54 per cent. The trading group followed with a 0.20 per cent and the other group cornered a 0.18 per cent, while the hotel group had a mere 0.08 per cent. Birgunj Finance Ltd topped in terms of number of transactions with 579 transactions this week. NIC Bank Ltd came ahead in terms of the number of shares and monetary value traded during the week. A total of 269,990 shares of the bank were traded at Rs 101,520,970. The floor remained open for five working days, where the shares of Nabil Bank Ltd, Nepal Investment Bank, Standard Chartered Bank Nepal, Himalayan Bank Ltd, Nepal Bangladesh Bank, Bank of Kathmandu, NIC Bank Ltd, Machhapuchre Bank Ltd, Laxmi Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, NCC Bank Ltd, Credit Development Bank Ltd and Birgunj Finance Company were traded.