Kathmandu, June 23:

Nepal Stock Exchange (Nepse) index continued to clock a double-digit growth for the consecutive fourth week as the rush of gullible investors at the country’s sole secondary market is going on.

At the end of this week’s trading, the Nepse index closed at 583.44 points, a new historic high for weekly closing.

Nepse index registered an impressive growth of 13.99 points this week, supported by an increase in share prices of the leading scrips including commercial banks and other groups. The share trading at the Nepse floor opened at 569.45 points on Sunday.

The floor opened for five days under a regular lot. The index dropped on the first day but

it gained on the remaining three days. The index dropped to 563.49 points on the second day, but bounced back to 567.28 points on the third day, 578.81 points on the fourth day and closed at 583.44 points on the last day.

The weekly turnover, however, decreased this week to Rs 270.2 million with 690,834 unit shares having been traded through 1,516 transactions, against the last week’s figure of Rs 281.3 million through the trading of 555,153 shares. Out of the total 88 listed companies for share trading, 63 companies saw their transactions this week.

The group wise share trading analysis shows that all major groups including commercial banks, the other and insurance groups each registered an impressive growth.

The commercial banks group, which is the largest scrip by volume, continued to climb up and registered an impressive growth of 17.11 points. The group closed higher at 646.01 points from the opening 628.80 points. The group had an impressive gain of over 22 points last week, too.

Likewise, the others group also posted a healthy growth of double digit, as it’s trading soared to 775.17 points from the opening 749.45 points on Sunday.

Among the gainers, the insurance group, too, managed a higher growth of 16.82 points. The group’s trading that opened at 545.58 points on Sunday and went up to 562.40 points on the closing day.

The development banks group’s index also registered 5.70 points growth and closed at 501.75 points, while the hotel group gained 2.69 points and closed at 242.17 points. Of these two, the development banks began at 496.05 points, while the hotel group opened at 239.48 points. The finance group rose to 462.43 points from the opening 461.79 points.

The manufacturing and the trading groups, meanwhile, remained constant at 339.70 points and 155.21 points respectively, as these groups didn’t have a single transaction throughout the week.

National Hydropower Co Ltd topped all other companies in terms of the largest share trading for the week. The company’s 331,260 unit shares exchanged hands at Nepse floor for Rs 50,855,280 through 117 transactions.

The Nepse floor remained open for five days under a regular lot, where the shares of

Nabil Bank Ltd, Nepal Investment Bank, Himalayan Bank, Standard Chartered Bank,

Himalayan Bank Ltd, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu and Machhapuchhre Bank were traded throughout the week.

Other companies that saw their transaction throughout the week include National Hydropower Co, Chilime Hydropower Co and Sanima Development Bank.