KATHMANDU: Global Bank dominated in Nepse the second consecutive week as

it topped the chart in terms of share units traded, trading amount and number of transactions with 42,000-unit shares through 663 transactions at Rs 25.29 million.

However, the major sub-groups plunged to drag Nepse down by 5.69 points to close weekly trading at 657.02 points from last week’s closing of 662.71 points.

Of the nine-sub groups’ indices, only one sub-group — hotels — rose to a marginal 1.45 points to reach 363.11 points from last week’s closing of 361.66 points.

The other seven sub-groups — except trading that remained constant due to no transaction of its shares — lost due to low investors confidence though the transaction amount increased by 73.75 per cent to rise to Rs 218.2 million against last week’s transaction of Rs 123.5 million, according to Nepse.

The 78-scrip sensitive index — considered blue chip shares in the domestic market — also lost 0.65 point to drop to 176.01 points from last week’s closing of 176.66 points. The float index — calculated on the basis of real transactions — also lost 0.32 point to dip to 64.39 points from last week’s closing of 64.71 points. This week witnessed five-day trading as against last week’s three-day trading, but Nepse gained only on one day.

The week started in the red as on Sunday Nepse shed 2.76 points to drop to 659.95 points from last week’s closing of 662.71 points. However, Monday witnessed a marginal gain of 0.06 points to raise it to 660.01 points. Nepse continued to lose on the remaining days — Tuesday, Wednesday and Thursday — and closed weekly trading at 657.02 points.

This week’s top performers were Global Bank (with Rs 25.29 million), Standard Chartered Bank Nepal (with Rs 21.93 million), Bank of Kathmandu (with Rs 16.86 million), Nepal Development and Employment Promotion Bank (with Rs 10.96 million) and Gurkha Development Bank (with Rs 10.15 million).

The development banks’ sub-group shed 13.48 points and dropped to 829.03 points whereas commercial banks’ sub-group lost only 2.34 points and dropped to 662.38 points. The finance companies’ sub-group lost 5.15 points and dropped to 756.20 points and the insurance companies’ sub-group fell by 5.88 points to 651.59 points.

The manufacturing sub-group went down by 0.77 point to 433.28 points and the hydropower sub-group downed by 4.09 points to 860.36 points. The highest loser was the others’ sub-group that went down by 18.79 points to 599.21 points.

The sole secondary market this week also listed over one million-unit of bonus and rights shares of six financial institutions.