Stock trading again peaking
The Nepal Stock Exchange (NEPSE) index has again gained 3.55 points at the end of five-day trading Friday after a surge of 7.5 points the previous week. Trading opened at 212.66 points on Monday and closed at 216.21 points on Friday.
According to the information disseminated by the NEPSE, the index during the week went up to 216.21 points on Friday from 212.66 points recorded on Monday.
While the NEPSE index had peaked up by over 7 points last week, it had plummeted by over 14 points in the previous week. It had gone up by over 22 points, three weeks back.
Altogether 30,980 unit of shares of 39 listed companies valued at.11.07 million rupees were sold through 730 transactions in the week. The index of commercial banks shot up to 202.42 from 197.20 points. Commercial bank shares accounted for 82.35 percent of the total trade in the week. Nepal Bangladesh Bank (NBL) recorded maximum share transactions in monetary terms and its total trading valued at 1.8 million rupees.
The companies, whose shares were transacted throughout the week, include Nepal Arab Bank, Nepal Indosuez Bank, Standard Chartered Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Nepal Development Bank and Nepal Bangladesh Finance and Leasing.
Similarly, Nepal Bank, Oriental Hotels, Alpic Finance and Nepal Merchant Banking and Finance saw their shares traded for 4 days of the week. Likewise, shares of Soaltee Crown Plaza Hotels, Nepal Finance and Saving, Rastriya Beema Samsthan, Annapurna Finance, Alliance Insurance, Kathmandu Finance, Pokhara Finance and Sagarmatha Finance were traded once during the week, stated in the statement.