Bourse stays tuned to bull calls

Kathmandu, May 6 :

Propelled by a notable growth by commercial banks, share trading at Nepal Stock Exchange (Nepse) continued the bullish trend over the week.

The recent political change has also lent to the investors’ confidence. As a result, the Nepse index registered a growth of 5.36 points this week.

Weekly share trading at the country’s sole secondary market opened with its index at 361.58 points on Sunday and went up to close at 366.94 points on Thursday, the last day of the trading under the regular lot. The Nepse had registered a handsome growth of 11.4 points last week.

The leading scrip of commercial banks group recorded an attractive growth and the finance and other groups maintained a steady growth, while the remaining groups either failed or remained constant. According to Nepse, a total of 299,376 units of shares valued at Rs 136,547,111 were traded through 2,195 transactions over the week. Last week, a total of 47,949 units of shares changed hands, generating a turnover of Rs 24,649,873 from 547 transactions. Of the listed 45 companies for share trading, 37 companies saw their transactions this week.

The weekly trading report shows that the index of commercial banks group, which is the largest scrip by volume, posted a growth of 9.09 points. The Nepse index of the group that opened at 410.17 points on Sunday went up to 419.26 points on the closing day.

The other group, which had remained constant for couple of weeks, posted a growth of 5.21 points. The Nepse index of the group opened at 359.76 points on Sunday and closed at 364.97 points on the last day. The finance group also gained and its index rose by 1.01 point to touch 246.04 points over the week. The group began its trading with its index at 245.03 points on Sunday.

However, the manufacturing suffered a heavy loss of 10.13 points, as its index plunged to 279.68 points on the closing day from the opening 289.81 points. The development banks group also suffered and its index closed at 291.61 points from 292.93 points on Sunday. Albeit marginally, the hotel and insurance companies lost, as their indices dropped to 178.34 points and 346.21 points from the opening 179.23 points and 346.41 points, respectively. The trading group, meanwhile, saw no change in its index and remained constant at 141.27 points throughout the week.

Of the total transactions that took place over the week, the commercial banks group continued to capture the lion’s share of 91.40 per cent. The share of insurance group comprised of 5.44 per cent of the total transactions, while the finance group followed it by 1.39 per cent. The manufacturing group was able to capture 0.94 per cent and the development banks group had 0.69 per cent share, while the hotel group had a 0.13 per cent share.

For maximum number of transactions, Siddhartha Bank Ltd topped with 1,195 transactions, while Kumari Bank Ltd outshone others for the number of shares and monetary value as its trading value stood at Rs 26,150,870 from 65,080 shares.

The Nepse floor remained open for five days, where the shares of Nepal Investment Bank, Standard Chartered Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Bank of Kathmandu, NIC Bank, Machhapuchre Bank Ltd, Lumbini Bank, NCC Bank, Siddhartha Bank and Credit Development Bank were traded throughout the week.