Kathmandu, February 3:

Following a loss of over six points last week, the share trading at the Nepal Stock Exchange (Nepse) stabilised this week and showed a mixed performance. However, the Nepse index dropped by 0.87 points due to a weak performance of the commercial banks group.

Share trading at the country’s sole secondary market began at 519.92 points on Sunday. The index dropped to 512.70 points on the second day. However, it recovered to 513.34 points on the third day and closed at 519.05 points on Thursday.

According to weekly trading report, the weekly turnover, however, has increased compared to last week’s figure and stood at Rs 149.8 million with 268,114 unit shares having been traded through 2,515 transactions during the week.

A total of 227,295 unit shares worth over Rs 99.7 million were traded through 1,491 transactions. Out of the 72 listed companies for share trading, 66 companies saw their transactions this week.

Among the eight listed groups, the commercial banks group — the largest scrip at the Nepse that plays a decisive role — continued to post loss, as its index dropped by 6.05 points. The group, which had a heavy loss last week, settled at 570.80 points on Thursday against opening 576.85 points on Sunday.

Likewise, the other and insurance groups are also among the losers, as their indices dropped by 5.82 points and 8.20 points respectively. The other group’s index settled at 649.61 points from the opening 655.43 points on Sunday, while the insurance group’s index dropped to 532.20 points from the opening 540.40 points.

On the other hand, the finance and development banks groups recovered this week with a growth of 12.40 points and 2.99 points respectively.

The finance group’s index went up to 407.60 points from the opening 395.20 points, while the development banks group’s index rised to 531.85 points from 528.86 points on Sunday.

The hotel group, which had gained last week, too, posted a growth of 4.02 point. The group began its trading at 191.41 points on Sunday and closed at 195.43 points.

The manufacturing group and the trading group, however, remained constant at 322.36 points and 148.51 points throughout this week.

The commercial banks group continued its domination by capturing the largest share of the total trading. The group cornered 67.90 per cent of the total trading.

The finance group came second with 14.95 per cent and development banks group had 9.82 per cent share in the total trading. The others group also had a 5.43 per cent share, while the insurance group cornered 1.36 per cent in the total trading.

Sanima Development Bank Ltd (SDBL) topped all companies in terms of number of transaction with 644 transactions, while Kumari Bank Ltd (KBL) outshone others in terms of monetary value. A total of 26,515 shares of the bank exchanged hands at Rs 20,339,710 during the week.

The floor opened for four days under a regular lot, where the shares of Nabil Bank Ltd, Nepal Investment Bank, Standard Chartered Bank, Nepal SBI Bank, Bank of Kathmandu, Kumar Bank Ltd, Lumbini Bank, Siddhartha Bank, NCC Bank, Laxmi Bank, Nepal Merchant Banking & Finance, Development Credit Bank, Kist Merchant Banking & Finance, and World Merchant Banking & Finance were traded throughout the week.