Nepse keeps moving upwards

Himalayan News Service

Kathmandu, April 9:

Continuing last week’s trend, share trading at Nepal Stock Exchange (Nepse) posted a growth for yet another week. The Nepse index registered 5.58 points growth this week, giving continuity to last week’s increment of over four points. Share trading at Nepse, which is the country’s sole secondary market, opened with its index at 285.51 points on Monday. The Nepse index went up to close at 291.09 points on Friday.

Weekly share trading analysis reveals that major scrips including commercial bank, manufacturing, hotel, insurance, trading and development bank groups at the secondary market registered a growth in their respective index. The finance group was the sole loser.

According to information released by the Nepal Stock Exchange Ltd, the total weekly transaction value and number of shares traded, however, decreased as compared to last week. This week’s total transaction value stood at Rs 63,343,800 from 1,977 transactions of 145,714 share units. However, the last week’s total trading value was Rs 94,809,691 through 6,177 transactions of 291,493 shares.

Among the gainers, the commercial bank group secured a growth of 6.21 points. The group, which is the largest scrip at Nepse, closed at 320.89 points from the opening 314.68 points. The manufacturing and the hotel groups are also the gainers. The Nepse indices of these groups went up to 278.03 points and 176.65 points from the opening 277.97 points and 176.08 points respectively. The manufacturing group had gained, while the hotel group had remained constant last week. Continuing a robust growth trend, the insurance group secured a whopping increment of about 19 points. The group’s index that opened at 262.92 points on the opening day climbed up to 281.73 points. The group had posted a growth of over seven points last week. The trading group, which had remained constant last week, bagged a growth of 4.49 points, as its index closed at 115.53 points from the opening 111.04 points on Monday.

Likewise, the development bank group posted a growth of 8.07 points. The group’s index closed at 227.69 points from the opening 219.62 points. It had gained ground last week, too.

However, the finance group’s index dropped to 207.11 points from the opening 207.97 points. The group had lost last week, too. The other group, however, remained constant at 320.39 points throughout the week. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of the total share trading. The group secured 91.17 per cent of the total share trading followed by the insurance group at 3.46 per cent. The development bank group was in the third position with 2.31 per cent.

The finance group contributed 1.88 per cent; the other group cornered 0.81 per cent. The manufacturing group had a share of 0.26 per cent, the trading group cornered 0.06 per cent, while the hotel group had a mere share of 0.04 per cent. Prudential Insurance Company topped the race in terms of number of transaction with 279 transactions. Kumari Bank Ltd is the largest trader having highest number of traded share units. A total of 19,800 shares of the bank were traded this week. But, Everest Bank Ltd secured the first position as the largest trader in terms of monetary value at Rs 8,059,092.

The Nepse floor remained open for all five working days of the week, where the shares of Nabil Bank Ltd, Nepal Investment Bank Ltd, Standard Chartered Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank Ltd, Bank of Kathmandu, Machhapuchre Bank Ltd, Kumari Bank Ltd, NIC Bank Ltd, Nepal Life Insurance, Nepal Merchant Banking and Finance and Nepal Development Bank were traded throughout the week.