Sensex posts growth

Himalayan News Service

Kathmandu, April 2:

After a come back last week, stock trading at Nepal Stock Exchange (Nepse) registered a growth of over four points this week, too. The Nepse index posted a growth of 4.35 points giving a continuity to last week’s increment of over three points.

Weekly share trading analysis reveals that major groups including commercial bank, manufacturing, insurance, other and development bank groups at the secondary market have registered growth in their respective indices. Finance group became the sole loser this week.

The Nepse floor that opened on Monday with 279.86 points rallied throughout the week and closed up at 284.21 points on Friday, the last day of the trading.

According to Nepal Stock Exchange Ltd, value and number of shares traded during the weekly transaction have also gone up in comparison to last week. This week’s total transaction stood at Rs 94,809,691 from 6,177 transactions of 291,493 share units. However, last week the total trading value was Rs 40,828,516 through 2,014 transactions of 134,009 share units.

Among the gainers, commercial bank group registered a growth of 4.66 points. The group, which is the largest scrip at the Nepse floor, closed up at 312.96 points from the opening 308.28 points.

The manufacturing group, too, gained this week. The index of the group went up to 276.96 points from the opening 276.20 points. The group had posted a growth last week, too. Continuing the growth trend, the insurance group registered a growth of over seven points, as the group’s index closed up at 258.30 points.

The trading group, which had lost last week, bounced back with a healthy growth of over 17 points. The group opened at 303.25 points on the opening day and closed up at 320.39 points. Likewise, the development bank group also gained 2.71 point and closed up at 216.69 points. The group has opened at 213.98 points.

However, the finance group was the sole loser this week. The group’s index dropped to 210.33 points from the opening 212.05 points. It had recorded a marginal growth last week.

The hotel group and the trading group, however, remained constant at 176.08 points and 111.04 points respectively throughout the week.

The commercial bank group continued to dominate the floor as it captured the largest chunk of the total share trading. The group captured 78.24 per cent of the total share trading followed by the finance group at 13.14 per cent. The other group was in the third position with 5.16 per cent. The development bank group contributed 1.90 per cent, while the insurance group cornered 1.15 per cent. The manufacturing group had a share of 0.41 per cent.

World Merchant Banking and Finance topped the race as a single largest trader in terms of number of transactions and share units. A total of 41,650 shares of the company were traded through 2,592 transactions this week. But, Bank of Kathmandu secured the first position to be the largest trader in terms of monetary value.

The floor remained open for all five working days this week, where the shares of Nabil Bank Ltd, Nepal Investment Bank Ltd, Standard Chartered Bank, Himalayan Bank Ltd, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank Ltd, Bank of Kathmandu, Laxmi Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, NIC Bank Ltd, Nepal Credit and Commerce Bank, Nepal Life Insurance Company, and Kist Merchant Banking and Finance were traded throughout the week.