Himalayan News Service

Kathmandu, February 5:

With a continuous robust performance of the other group, share trading at the Nepal Stock Exchange (Nepse) Ltd posted growth for the fourth consecutive week. The Nepse index went up by 3.35 points this week.

The bourse has been continuously moving upward for the last three weeks, mainly due to strong performance of the other group. The index recorded a growth of 3.22

points last week. The weekly share trading analysis reveals that the performance of the other group continued to beat overall trading, as it registered an unprecedented growth of 19.05 points in the week. A healthy comeback of commercial banks along with hotels, finance and development banks also resulted in overall growth of the index.

The other group, which contributes a small share in the total stock trading, has been recording a phenomenal growth following a bullish trading of Butwal Power Company. The Nepse index of the company that began at 329.28 points on Monday climbed to 348.33 points yesterday. The commercial bank group, which suffered a loss for a couple of weeks, recovered with growth of 3.36 points last week. The Nepse index of the group closed at 259.38 points yesterday from the opening 256.02 points on Monday.

Likewise, the hotel group registered growth, as its index went up to 172.63 points from the opening 172.25 points. The group had lost in the previous week. The finance group and the development bank group also posted growth last week. The Nepse indices of these groups went up to 208.57 points and 199.73 points on the closing day from the opening 207.96 points and 198.63 points respectively. The finance group had lost in the previous week, whereas the development bank group had posted growth.

However, the insurance group is the sole loser last week. The group’s index landed at 238.43 points on the closing day from the opening 238.64 points. The group had gained in the previous week. The trading group and the manufacturing group, however, remained constant throughout the week at 98.87 points and 274.39 points respectively.

According to information released by Nepal Stock Exchange Ltd, the total transaction stood at Rs 17,565,524 last week from 1,213 transactions of 63,103 share units throughout the week. The previous week’s total trading value was Rs 26,947,336 through 2,743 transaction and 109,940 shares.

Of the total listed 60 companies, 53 companies saw their transaction last week. The commercial bank group continued to dominate the Nepse floor as it captured the largest chunk of the share trading. It captured 90.03 per cent of the total trading, followed by the insurance group with 5.06 per cent.

The finance group was in the third position with 4.20 per cent market share, whereas the manufacturing group cornered 0.26 per cent and

the development bank group contributed 0.20 per cent. The other group contributed 0.19 per cent, while the hotel group had a mere 0.06 per cent share of the total trading.

The Kumari Bank Ltd topped the race as a single largest trader in terms of share units, number of transaction and monetary value. A total of 13,800 unit shares of the bank were traded at Rs 3,630,510 through 341 transactions.

The Nepse floor remained open for all five working days, where the shares of Nepal Investment Bank, Himalayan Bank Ltd, Bank of Kathmandu, NIC Bank Ltd, Kumari Bank Ltd and Life Insurance Company were traded throughout the week.

The shares of Nepal Bangladesh Bank Ltd, Everest Bank Ltd, Machhapuchre Bank Ltd, Lumbini Bank Ltd and Nepal Merchant Banking and Finance were traded for four days only.