Weekly share update: Sensex dips by 5.51pts

Kathmandu, November 19:

After a brief recovery last week, share trading at the country’s sole secondary market Nepal Stock Exchange (Nepse) witnessed a loss this week, as leading groups failed to maintain growth. As a result, the Nepse index tumbled by 5.51 points. According to weekly share trading review, the index opened at 306.15 points on Sunday, and went down to close at 300.64 points on Thursday, the last day for share transactions under a regular lot. According to group-wise analysis, leading groups including commercial banks and other groups suffered a heavy loss, which led to overall fall in the index.The finance and the development banks groups are the only gainers, while the trading group remained constant.

Although the weekly trading index fell down, the weekly value of transaction registered an increment, and stood at Rs 95,358,325 from 1,992 transactions of 274,582 share units. Last week’s total trading value was of Rs 49,017,435 through 811 transactions of 136,243 shares. Of the 68 listed companies, 61 companies saw their transaction this week. The commercial banks group, the largest scrip by volume at the Nepse floor, suffered a heavy loss of 6.05 points. Its index opened at 330.76 points and closed at 324.71 points. Among the traded groups, the other group witnessed a major blow this week. Although the group had recorded a healthy growth last week, it tumbled by 30.47 points this week. The group’s trading started at 354.13 points and plunged into 323.66 points.

The manufacturing and the hotel groups also lost this week The Nepse indices of these groups landed at 290.04 points and 177.23 points from the opening 290.46 points and 177.62 points respectively. The insurance group also suffered a marginal loss, as its index closed at 323.32 points. However, the finance and the development banks groups posted growth this week. The indices of these two groups went up to 235.60 points and 223.69 points from the opening 233.68 points and 222.26 points respectively. The trading group, however, remained constant at 129.55 points. Of the eight listed groups, the commercial banks group continued its domination by capturing the largest chunk of share at Nepse. It captured 86.67 per cent of the total share. Birgunj Finance Ltd topped all the companies in terms of number of transaction with 416 transactions. But Bank of Kathmandu stood the first in terms of monetary value and the number of shares traded for the week. A total of 77,098 shares of the bank were traded at Rs 39,391,014 this week.