Himalayan News Service

Kathmandu, March 12:

Following last week’s healthy growth, share trading at Nepal Stock Exchange (Nepse) registered a fair increment during this week as well. The Nepse index climbed up by 1.16 points this week. Weekly share trading analysis reveals that most of the listed groups at the secondary market performed moderately this week following the bull run of last week. The manufacturing, trading, finance, other and insurance groups, which all gained last week, either remained constant or fell this week. The commercial bank and the insurance groups are the only gainers, while the rest of the groups remained dormant during this week, as their indices remained constant. The finance and the development bank groups lost some ground. The Nepse index that started at 279.49 points at the beginning of the week, reached 280.65 points at the closure of stock market on Friday.

According to information released by Nepal Stock Exchange Ltd, the total weekly transaction value stood at Rs 79,729,070 this week from 2,398 transactions of 247,558 share units throughout the week. However, last week total trading value was Rs 880,42,268 through 3,565 transaction and 333,970 shares. The Nepse index of the commercial bank group, which is the largest scrip at the country’s sole secondary market, opened at 305.91 on Monday and climbed up to 307.86 points at the weekend. The group had gained nearly 20 points last week. The Nepse index of the insurance group moved up to 242.78 points from 241.98 points. The group had recorded a growth last week, too.

However, the finance and the development bank groups failed to yield growth in their respective group. The Nepse index of finance group, which opened at 209.23 points, went down to close at 208.86 points. Likewise, the development bank’s index also closed at 212.66 points, down from 214.85 points. But, the manufacturing group and the hotel group, the other group and the trading group stayed constant at 276.08 points and 172.63 points, 338.80 points and 102.79 points respectively. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of the total share trading. The commercial bank group captured 97.29 per cent of total share trading followed by the finance group 1.97 per cent. The insurance group was in the third position with 0.32 per cent. The hotel group contributed 0.24 per cent and the development bank group cornered 0.18 per cent. Lumbini Bank Ltd topped the race as a single largest trader in terms of the number of share transactions and share units. A total of 70,590 shares of the bank were traded through 979 transactions this week. While, Bank of Kathmandu stood first for trading value with Rs 19,454,782.

The Nepse floor remained open for only four working days of the week, where the shares of Standard Chartered Bank Nepal, Himalayan Bank Ltd, Nepal SBI Bank, Nepal Bangladesh Bank, Bank of Kathmandu, NIC Bank Ltd, Machhapuchre Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, Life Insurance Company and Development Credit Bank Ltd were traded throughout the week.