Share trading back on growth path again

Himalayan News Service

Kathmandu, March 26:

Recovering from last week’s fall, share trading at Nepal Stock Exchange (Nepse) registered a growth of over three points. The Nepse index secured 3.29 points growth this week, against last week’s fall of over four points. Weekly share trading analysis reveals that major groups including the commercial bank, manufacturing, insurance, finance and development bank groups at the secondary market recovered with growth in their respective index. The other group was the only loser. The Nepse index that started at 275.57 points at the beginning of week went up to 278.86 points at the closure of stock trading on Thursday. According to the information released by Nepal Stock Exchange Ltd, the total weekly transaction value, however, declined compared to the last week. This week’s total transaction value stood at Rs 40,828,516 from 2,014 transactions of 134,009 share units. However last week, the total trading value was Rs 54,483,265 through 2,374 transactions of 176,034 shares.

Among gainers, the commercial bank group bounced back with a growth of 5.87 points. The group, which is the largest scrip at Nepse, closed at 306.61 points from an opening 300.74 points on Monday. The group had lost ground last week. The manufacturing and hotel groups too, gained this week. The Nepse indices of these groups went up to 276.20 points and 176.08 points from the opening 275.69 points and 173.39 points, respectively. Both the groups had lost ground last week. Continuing the growth trend, the Nepse index of the insurance group registered a growth of 2.53 points, as the group closed at 251.09 points. Earlier the group had opened at 248.56 points on Monday. Likewise, the finance and development bank groups also registered growth this week. The Nepse index of the finance group went up to 212.55 points, while the index of the development bank group closed at 213.62 points. Both groups opened at 210.45 points and 212.52 points respectively on Monday.

The trading, which had over four points last week, remained constant at 111.04 points throughout the week. However, the other group was the sole loser. The group’s index plummeted by 13.33 points and closed at 303.25 points from the opening 216.58 points. The group had also suffered a massive loss last week. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of the total share trading. The group captured 87.50 per cent of the total share trading followed by the finance group at 6.73 per cent. The insurance group was in the third position with 3.27 per cent. The development bank group contributed 2.02 per cent while the manufacturing group cornered 0.31 per cent. The hotel group had a share of 0.12 per cent, while the other group had a mere 0.05 per cent share.

Lumbini Bank Ltd topped the race as a single largest trader in terms of number of transactions, share units and monetary value. It’s 28,540 shares were traded through 307 transactions at Rs 5,846,000. The floor remained open for only four days this week, where the shares of Nabil Bank, Nepal Investment Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, Machhapuchre Bank, Laxmi Bank, Kumari Bank, Lumbini Bank, NIC Bank, NCC Bank, Nepal Life Insurance Company, Life Insurance Corp, United Finance Company, Union Finance Company and World Merchant Banking and Finance were traded.