Bulls dominate Nepse turf

Kathmandu, May 13:

With a robust growth maintained by commercial banks, share trading at the Nepal Stock Exchange (Nepse) continued to perform well, resulting in a handsome growth of 13.02 points in intra-week trading that ended on Thursday.

The weekly share trading opened with its index at 368.68 points on Sunday and went up to close at 381.70 points on Thursday, the last day of the trading under a regular lot.

The Nepse had registered a handsome growth of 5.36 points last week as well.

Leading scrips of commercial banks group, manufacturing group, and the finance and the insurance groups maintained a steady growth.

A total of 391,864 units of shares valued at Rs 188,255,901 were traded through 2,404 transactions over the week. Of the listed 58 companies, 47 saw transactions this week.

The weekly trading report shows that the index of commercial banks group, which

is the largest scrip by volume at Nepse, posted a growth of 7.31 points. The Nepse index of the group that opened at 422.11 points on Sunday went up to 439.42 points.

The manufacturing group, which had suffered a heavy loss last week, bounced back with a handsome growth of 10.13 points. The index of the group climbed up to 289.81 points from the opening 279.68 points on Sunday.

Similarly, the finance and the insurance groups gained, as their indices rose up to 252.65 points and 347.71 points respectively. However, the other group and the development bank group suffered losses and their indices closed at 363.49 points and 285.75 points.

The trading and the hotel groups, meanwhile, saw no change in their index and

remained constant at 141.27 points and 178.84 points respectively throughout the week.

The commercial banks group continued to dominate the Nepse floor by capturing 91.80 per cent share. The share of finance group comprised 4.33 per cent of the total transactions, while the insurance group followed it by 2.79 per cent.

The development bank group was able to capture 1.04 per cent and the manufacturing group had 0.02 per cent share, while the hotel and the other group each had a mere 0.01 per cent.

The shares of Nepal Investment Bank, Siddhartha Bank, Nabil Bank, Standard Chartered Bank, Himalayan Bank were traded throughout the week.