Weekly share update : Trading in shares dips, Nepse rises

Kathmandu, July 12:

While the number of companies trading shares and amount transacted decreased Nepse registered a gain of 21.13 points to 949.52 points from last week’s closing of 928.39 points. This week, shares of 77 companies were traded against last week’s 82 companies. Similarly, the traded amount also plunged by 13.31 per cent. This week Nepse saw a Rs 408.87 million transaction against last week’s Rs 471.66 million.

Although Nepse opened in the red on Sunday, the other four days it continued on a growth path. On Sunday, it plunged by 1.46 points to 926.93 points from last week’s closing of 928.39 points. On Monday, it surged by 2.79 points to 929.72 points. On Tuesday, it went up by 6.74 points to 936.46 points. On Wednesday, it continued to post a growth and closed at 944.86 points and on Thursday it flared by 4.66 to close the weekly market at 949.52 points.

The contribution of A-category companies also decreased this week to 52.61 per cent. The sensitive index — a barometer of A-category companies — however gained 7.22 points to 251.33 points from last week’s closing of 244.11 points.

In terms of monetary value, Machhapuchhre Bank (with Rs 84.67 million), Standard Chartered Bank Nepal (with Rs 34.90 million), Bank of Kathmandu (with Rs 30.13 million), Nepal Bangladesh Bank (with Rs 29.57 million) and National Hydropower Company (with Rs 28.96 million) are this week’s top gainers.

In terms of numbers of share units traded, Machhapuchhre Bank topped the chart with 1,38,000 units of its shares traded this week while Excel Development Bank topped the chart in terms of number of transactions, with 141.

Except the insurance group, all other groups gained this week. The manufacturing group saw transactions after a long while this week as it gained 7.25 points to 426.07 points from its last closing of 418.82 points.