Himalayan News Service

Kathmandu, May 14:

Nepal Stock Exchange (Nepse) index continued to suffer a loss for the second straight week. The Nepse index, which is considered a barometer to gauge the investors’ confidence, dropped by 3.37 points during this week.

The weekly share trading at the country’s sole secondary market opened with its index at 288.79 points at the beginning, which went down to close at 285.42 points on the closing day.

Despite leading groups — finance and development bank groups — healthy performance,

a massive fall in insurance company group’s index led to overall fall of the Nepse index, according to the weekly share trading analysis. The hotel, manufacturing, other and trading groups remained constant.

According to Nepal Stock Exchange Ltd, the total weekly transaction value and number of shares traded also decreased in comparison to the last week.

This week’s total transaction value stood at Rs 51,934,859 from 1,319 transactions of 148,497 share units. However, the last week’s total trading value was Rs 52,416,276 through 2,383 transactions of 129,672 shares.

Among gainers, the finance group posted a growth of 5.52 points. The group’s index, which had also registered a growth last week, closed up at 222.10 points on Friday. The index of

the group opened at 216.58 points on Monday.

Continuing the last week’s growth trend, the development bank group recorded a healthy growth of 9.90 points. The group’s index that opened at 249.08 points climbed up to 258.98 points on the closing day.

However, the commercial bank group, which is the largest scrip at Nepse, suffered a loss of 4.07 points. The group that opened at 309.60 points on Monday settled at 305.53 points on the closing day. The group had lost last week, too.

The insurance group suffered a huge loss that led to a fall of overall share trading this week. The group’s index that opened at 331.03 points on Monday tumbled by 22.46 points and landed at 308.57 points on the closing day.

Likewise the manufacturing group suffered a marginal loss, as its index closed down at

279.34 points. The group’s index opened at 279.80 points on the opening day.

The hotel group, the other group and the trading group, however, remained constant at 177.23 points, 329.28 points and 116.33 points throughout the week. All the groups, except the hotel group, remained static last week, too.

The commercial bank group continued to dominate the Nepse floor, though it also suffered a loss. The group captured the largest chunk of the total share trading.

It secured 83.47 per cent of the total share trading followed by the insurance group at 10.02 per cent. The finance group was in the third position with 3.44 per cent.

The development bank group contributed 2.11 per cent, the manufacturing cornered 0.04 per cent whereas the hotel group had a mere 0.03 per cent share.

Birgunj Finance Ltd topped the race in terms of number of transaction with 122 transactions. While, Laxmi Bank Ltd stood first for the number of share unit, as 20,630 shares of the bank were traded during this week.

Nabil Bank Ltd topped in terms of monetary value and shares worth Rs 8,964,967 were transacted this week.

The floor remained open for four working days under regular lot, in which shares of Nabil Bank Ltd, Nepal Investment Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank Ltd, Bank of Kathmandu, NIC Bank, Kumari Bank, Laxmi Bank, Nepal Finance and Saving, Life Insurance Company, Nepal Development Bank and Development Credit Bank were traded throughout the week.