Himalayan News Service

Kathmandu, May 21:

Continued fall of major scrips, share trading at Nepal Stock Exchange (Nepse) has suffered a loss for the third straight week, revealing the waning investors’ confidence. The Nepse index this week dropped by 5.09 points. The index opened on Sunday with 285.52 points, which went down to 280.43 points on the closing day. Although finance and trading groups registered a marginal growth, leading groups like commercial bank, insurance and development bank along with manufacturing, hotel, and other groups couldn’t perform well. This led to an overall fall of the Nepse index. According to Nepal Stock Exchange Ltd, the total weekly transaction value also decreased in comparison to last week. This week’s total transaction value stood at Rs 48,975,288 from 1,780 transactions of 135,505 share units.

However, last week’s total trading value was Rs 51,934,859 through 1,319 transactions of 148,497 shares.

Among the gainers, finance group posted a growth of 3.07 points. The group’s bourse, which had also registered a growth last week, closed up at 226.15 points. The index of the group has opened at 223.08 points. The trading group, which had remained constant last week, recorded a growth of 2.64 points. The Nepse index of the group closed up at 118.97 points from the opening 116.33 points. However, the commercial bank group, the largest scrip at Nepse, continued to register its loss this week too. The group’s Nepse index fell by 6.67 points to settle at 297.81 points on the closing day. The insurance group’s index suffered a loss of 8.92 points. The group, which had had massive fall last week, opened at 306.41 points and plummeted to close at 297.49 points. The group had lost by 22.46 points last week.

Likewise the manufacturing and the hotel groups are also the losers. The Nepse indices of these groups close down at 277.88 points and 176.28 points from the opening 279.34 points and 177.62 points respectively.

The other group, which had remained constant last week, lost by 6.35 points, as its index settled at 335.63 points. Earlier the group had opened at 341.98 points on the opening day.

The development bank, which has been registering a continuous growth since past couple of weeks, also suffered a loss of 7.83 points. The Nepse index of the group closed down at 251.15 points from the opening 258.98 points. Despite loses, the commercial bank group continued to dominate the Nepse floor. The group captured the largest chunk of the total share trading at 80.69 per cent. It was followed by the finance group at 11.45 per cent. The insurance group was in the third position with 5.44 per cent. The development bank group contributed 1.80 per cent, whereas the hotel group cornered 0.32 per cent.

The manufacturing group had a share of 0.16 per cent and the other group cornered 0.10 per cent. The trading group had a mere 0.04 per cent. Lumbini Bank Ltd topped the race in terms of number of transaction and share units. A total of 22,220 shares of the bank were traded through 371 transactions. Nabil Bank Ltd stood first in terms of monetary value with a weekly transaction of Rs 7,926,161. The floor remained open for five working days this week, where shares of Nabil Bank Ltd, Nepal Investment Bank, Standard Chartered Bank, Nepal Bangladesh Bank, Everest Bank Ltd, Bank of Kathmandu, NIC Bank, Kumari Bank Ltd, Laxmi Bank Ltd, Lumbini Bank Ltd, Nepal Life Insurance Company, Life Insurance Corporation, Nepal Merchant Banking and Finance, Nepal Sri Lanka Merchant Bank and Birgunj Finance were traded.