Share market sees bullish trend

Himalayan News Service

Kathmandu, May 1:

Propelled by better performance of listed groups, share trading at the country’s sole secondary market, the Nepal Stock Exchange (Nepse) continued to grow this week. The Nepse index rose by 0.84 points.

According to information provided by Nepal Stock Exchange Ltd, the index of the stock

market went up to 205.22 points on Friday, from the opening 204.38 points on Monday. The market had gained by 1.34 points last week and 1.20 points a week before that.

This is the fourth consecutive month of growth.

The group-wise analysis reveals that all listed groups’ trading this week saw a better performances in their respective indices and the market capitalisation has almost doubled compared to last week. The commercial bank, insurance and the other groups continued their last week’s growth trend.

The largest scrip in the secondary market — the commercial bank group, gained 1.12 points, against last week’s impressive growth of 8.90 points. The Nepse index of the group went up to 203.43 points from the opening 202.31 points on Monday.

Likewise, the insurance group managed a growth of a 1.74 points during the week. The group, which had registered a marginal increment last week, opened at 243.64 points on Monday and closed at 245.38 points on Friday.

Though the other group contributes minimal to the stock market, the group gained in its index by 1.04 points. The group opened at 142.90 points on Monday and rose to 143.94 points on the closing day.

Last week’s loser in the finance group managed a growth of a marginal 0.33 point, as its index climbed up to 194.69 points on the closing day. Earlier, the Nepse index of the group had opened at 194.64 points on Monday.

The trading group, the manufacturing group, the hotel group and the development group, however, remained constant throughout the week at 94.29 points, 265.92 points, 181.81 points and 190.17 points respectively.

Alongwith the increment in Nepse index, the total market capitalisation and the number

for traded share units also rose this week.

A total of 250,635 share units valued at Rs 45,876,037 were traded through 2,614 transactions, against last week’s trading of 79,049 share units through 1,789 transactions at Rs 23,460,698 .

Meanwhile, out of the listed 65 companies for five-day trading, 50 companies saw transaction during the week.

Unlike the previous weeks, the development bank group dominated the Nepse floor, as it

captured the largest chunk of the total share trading. It captured 52.71 per cent of the total trading followed by the usual winner, commercial bank group with 30.29 per cent.

The finance group was in the third position with 13.92 per cent market share, whereas the trading group cornered 1.53 per cent. The insurance group contributed 0.99 per cent and the manufacturing group had a share of 0.37 per cent.

Standard Finance Company Ltd topped the weekly trading in terms of number of share transactions with 1,277 transactions. While, Development Credit Bank Ltd secured the first position for the number of share units and monetary value. A total of 153,420 shares valued at Rs 24,091,200 were traded during the week.

The Nepse floor remained open all five working days. Shares of Nepal Investment Bank,

Himalayan Bank Ltd, Everest Bank Ltd, Nepal Bangladesh Bank Ltd, Bank of Kathmandu and NIC Bank Ltd were traded throughout the week.