WEEKLY SHARE UPDATE: Share market looks up
Kathmandu, February 18:
Nepal Stock Exchange (Nepse) index registered an increment of 7.17 points this week. The weekly share trading at the country’s sole secondary market started at 317.69 points on Sunday and went up to 324.86 points on the last day of the trading under a regular lot.
The leading groups including commercial banks, finance groups, development banks, and manufacturing groups registered a growth and trade and hotels groups’ index remained constant while and others group’s index declined.
According to the Nepse, a total of 305740 units of shares valued at Rs 98553860 were traded through 1723 transactions this week. Last week, a total of 134291 units of shares changed hands generating a turnover of Rs 45476647 from 739 transactions. Out of the 68 listed companies, only 57 companies saw their transaction this week.
The weekly trading report showed that commercial banks group, which is the largest scrip by volume, captured the 87.08 per cent of total shares’ transaction. The index of the group that opened at 347.81 points on Sunday went up to 358.37 points on the closing day. The group’s index posted an increment of 10.56 points.
Likewise, manufacturing group’s index moved up from 274.00 points to 277.95 points, insurance group posted 336.74 points from 334.16 points, finance group 246.78 points and development banks 261.83 points. The others group’s index however, declined from 341.20 points to 331.69 points.
The hotel and trading groups saw no change in their respective indices. The weekly trading report shows that the indices of these groups remained constant at 181.26 points and 148.07points 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 of 87.08 per cent. The share of finance group comprised 7.11 per cent, while the insurance group followed it at 1.90 per cent.
Development banks were able to capture only 1.70 per cent of total transactions.
The total purchase of shares at the floor remained at 128 during the week, averaging 26 unit per day. While the total sales stood at 86, meaning that only 17 shares were sold on average per day throughout the week.
In terms of maximum number of transactions, the number of shares traded and share value, Lumbini Bank Ltd topped the list this week with 97880 shares traded through 144 transactions amounting the total to Rs 16964590.
The floor remained open for four days on regular lot and one day for Odd Lot, where the shares of Nabil Bank, Nepal Investment Bank, Standard Chartered Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, Machhaphuchre Bank, Kumari Bank, Laxmi Bank, Lumbini Bank and NCC Bank, Nepal Life Insurance Company, Life Insurance Company, Nepal Merchant Banking and Finance shares were transacted.