WEEKLY SHARE UPDATE: NEPSE posts whopping 13.22-pt loss

Kathmandu, April 7:

The stock market witnessed mixed results this week as its index set a new record on the first day but could not continue the bullish trend.

On the closing day, Nepal Stock Exchange (Nepse) index posted a loss of 13.22 poi-nts against last week’s loss of 7.53 point, as share prices of all leading scrips fell down.

The weekly trading report shows that the Nepse index dropped to finish off at 488.93 points on Thursday, down from 502.15 points of Sunday, the first day of trading at the Nepse floor. The share trading saw a massive growth of 21.16 points on the first day with its total market capitalisation registering a growth of over Rs 5.64 billion.

The index expanded further to 507.46 points on the second day, however, it started dropping from the third day, and closed at 501.67 poi-nts. The market further contracted on the fourth day to 491.61 points and closed at 488.93 points on Thursday.

The weekly turnover, however, increased and stood at Rs 250 million with 494,519 unit shares having been traded through 1,798 transactions during the week. A total of 2,79,357 unit shares worth over Rs 91.62 million were traded through 1,357 transa-ctions. Out of the total 67 listed companies for the share trading, 58 companies saw their transactions this week.

The group wise share trading data shows that all the groups listed at Nepse suffered loss this week. Among the losers, the commercial banks group, which is the largest scrip by volume, suffered a heavy loss of 17.31 po-ints. The group’s index plun-ged to 514.89 points from the opening 532.20 points.

Likewise, the manufacturing group’s index plummeted by 15.53 points, as it closed at 329.42 points from the opening 344.95. Other group also suffered heavily as its index closed at 661.29 points. Earlier the group’s index began its trading at 666.59 points.

The trading group lost by 2.66 points and closed at 146.05 points on Thursday, from the opening 148.71 poi-nts. Similarly, the insurance and finance groups also lost in their respective indices. The insurance group closed at 607.45 points, while the finance group finished off at 428.91 points.

The develo-pment banks group suffered another major blow, as its index plunged by 17.17 points to close at 466.54. The hotel group, however, did not have a single trading this week.

Despite loss, the commercial banks group captured a huge share in the total trading. However, its dominance dropped significantly to 39 per cent, while the finance group came second with 38.64 per cent. The development banks group grabbed 17.16 per cent and the others group had 4.13 per cent share in the total trading.

International Leasing & Finance Ltd topped all other companies in number of sha-res and monetary value traded for the week. A total of 221, 280 shares of the company were traded at Rs 89,805,819.

The floor opened for five days under a regular lot, whe-re shares of Nepal Investm-ent Bank, Standard Charter-ed Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bang-ladesh Bank, Everest Bank, Bank of Kathmandu, NIC Ba-nk, Machhapuchhre Bank, Kumari Bank, Laxmi Bank, Siddhartha Bank, NCC Bank, Sikhar Insurance and Sanima Dev Bank saw their transactions throughout the week.