WEEKLY SHARE UPDATE: Nepse registers 3.43-point growth

Kathmandu, September 2:

Nepal Stock Exchange (Nepse) index recovered and posted a growth of 3.43 points this week — against last week’s fall of 4.86 points — as a result of good performance by the commercial banks group.

The weekly trading at the Nepse floor began at 378.81 points on Sunday and climbed up steadily throughout the week to close at 382.24 points.

Along with the growth in the index, market capitalisation and the number of shares traded for the week have also gone up. According to the Nepse, a total of 399,017 units of shares worth over Rs 119.7 million were traded through 1,765 transactions this week, against last week’s trading of 100,455 shares from 1,394 transactions at Rs 47.2 million. Of the total 75 listed companies for share trading, 61 companies saw their transaction this week.

The weekly trading report shows that out of eight groups, the commercial banks group is a sole gainer, while four groups witnessed loss and three remained constant.

The commercial banks group, which is the largest scrip by volume at the Nepse, bounced back with an impressive growth of 6.39 points against last week’s loss of 7.73 points. The group’s index opened at 420 points and closed at 426.39 points on Thursday. The manufacturing and the other groups suffered losses, as their indices dropped by 2.03 points and 5.42 points respectively. The Nepse index of the manufacturing group opened at 316.85 points and landed at 314.82 points on the closing day, while the index of the other group closed at 411.27 points. Earlier, the group began its trading at 416.69 points on Sunday.

Likewise, the finance and the insurance groups became also the losers, albeit marginally. The finance group’s index settled at 263.75 points on the closing day, whereas the insurance groups index closed at 394.80 points.

These groups began trading at 263.85 points and 394.84 points respectively on Sunday. Both the groups had gained last week.

The manufacturing group, the hotel group, the trading group and the development banks group, saw no changes in their indices and remained constant at 316.82 points, 179.62 points, 148.11 points and 313.86 points respectively throughout the week.

The commercial banks group continued to dominate the Nepse floor by capturing a lion share of the total transaction. The group cornered 90.52 per cent of the total trading. The finance group followed it with 4.63 per cent, while the other group had 2.52 per cent share in the total transactions.

In terms of maximum number of transactions, Siddhartha Bank Ltd topped the race with 471 transactions. But, Lumbini Bank Ltd outshone others to have the largest number of shares and monetary value traded for the week. A total of 216,090 units shares of the bank were traded at Rs 34.2 million.

The floor remained open for five days under a regular lot, where the shares of Nabil Bank Ltd, Nepal Investment Bank, Bank of Kathmandu, NIC Bank, Machhapuchhre Bank, Kumari Bank, Siddhartha Bank, Lumbini Bank, Nepal Merchant Banking and Finance and Credit Development Bank were traded throughout the week.