WEEKLY SHARE UPDATE: Nepse on growth path again
Kathmandu, March 18:
Nepal Stock Exchange (Nepse) index showed an increment of 2.02 points this week. The index had declined by 1.71 points earlier week.
Weekly share trading at the country’s sole secondary market started at 337.32 points on Sunday and went up to 339.34 points on the last day of the trading under the regular lot.
Leading groups including commercial banks, insurance group and finance group maintained growth while hotels, trade, manufacturing and the other group remained constant with development banks’ index declining.
According to a Nepse statement, a total of 233,309 units of shares, valued at Rs 791,35.907 were traded through 1,941 transactions this week. Last week, a total of 292,274 unit of shares changed hands generating a turnover of Rs 101,112,058 from 4,045 transactions. Of the 66 listed companies for share trading, only 57 companies saw transactions this week.
Weekly trading report of Nepse showed that commercial banks group, which is the largest scrip by volume, captured 80.14 per cent of total share transacted. The index of the group that opened at 374.48 points on Sunday went up to 378.32 points on the closing day. Likewise, the finance group index moved up from 250.45 to 250.51 and insurance group reached 344.43 from 344.14. The index of development banks went down to 275.17 from 280.38, which is a decline of 5.21 points.
The weekly trading report shows that the indices of the trading group, hotel, manufacturing and the other group remained constant at 141.72, 183.55, 289.73 and 333.41, respectively. Of the total transactions that took place over the week at the Nepse floor, the commercial banks group continued to capture the lion’s share with 80.41 per cent. Share transaction in insurance group made up 14.25 per cent while the insurance group captured 2.56 per cent of the total transactions.
The cumulative transaction of hotel, manufacturing, trading, the other group and the development bank captured only 2.78 per cent of the total transactions with manufacturing group making up 0.28 per cent, hotel group 0.13 per cent, the other group 0.94 per cent, trading group 0.66 per cent and development banks 0.77 per cent.
In terms transactions, Siddhartha Bank Ltd topped the list during the week with 1,039 transactions and transacted units of share standing at 46,980.
Bank of Kathmandu Ltd stood on top with its transacted share amounting to a total of Rs 155,62,581.
The floor remained open for four days under the regular lot and one day for Odd Lot, where shares of Nabil Bank Ltd, Nepal Investment Bank, Standard Chartered Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Machhaphuchre Bank, Kumari Bank, Laxmi Bank, Lumbini Bank, NCC Bank, Siddhartha Bank and Union Finance Company were traded for all four days under the regular lot. Everest Insurance Company was the only company whose shares were traded for three days.
Oriental Hotels, Salt Trading Company, Nepal Insurance Company, Nepal Insurance Company and Nepal Share Market shares were traded for only one day.