WEEKLY SHARE UPDATE: Trading stays on positive territory

Kathmandu, January 28:

Nepal Stock Exchange (Nepse) index showed an increment of 0.98 points this week. Weekly share trading at the country’s sole secondary market started at 305.30 points on Sunday and went up to 306.28 points on Thursday, the last day of the trading under the regular lot.

The leading groups including commercial banks, insurance and finance groups maintained growth, while hotels, trading and other groups remained constant during the week.

According to the Nepse, a total of 62,532 units of shares valued at Rs 23173158 were traded through 698 transactions this week. Last week, a total of 147,068 units of shares changed hands generating a turnover of Rs 4,83,24,994 from 1,286 transactions. Of the 68 listed companies for share trading, only 55 companies saw their transactions this week.

The weekly trading report of Nepse shows that the index of the commercial banks group, which is the largest scrip by volume, posted a sound growth of 2.11 points.

The index of the group that opened at 328.41 points on Sunday went up to 330.52 points on the closing day. The group showed a small increment as compared to previous weeks.

The insurance group showed an increment of 0.87, as its index climbed up from 330.82 on Sunday to 331.69 on the closing day.

The hotel, manufacturing and trading group saw no change in their respective indices.

The weekly trading report shows that the indices of these groups remained constant at 181.26, 274.42 and 142.78 points, 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 with 68.37 per cent. The share of development banking group comprised 20.53 per cent of the total transaction, while the other group followed it by 4.30 per cent.

Hotel and manufacturing group shares were not transacted while the trading group and insurance group captured a meager 1.08 per cent and 1.46 per cent, respectively.

Total purchase of shares at the floor remained at 145 during the week, averaging 17 unit per day. While total sales stood at 83, meaning that only 17 shares were sold on an average per day throughout the week.

In terms of maximum number of transactions and the number of shares traded, World Merchant Banking and Finance Ltd topped the list during the week with 16,210 shares traded through 48 transactions. A total amount worth Rs 47,26,200 was traded of the World Merchant Banking and Finance Ltd.

The floor remained open for five days, where the shares of NIC Bank, Machhaphuchre Bank, Investment Bank, Kumari Bank, Lumbini Bank, NCC Bank, Nepal Bangladesh Bank, Nepal SBI Bank and Nepal Investment Bank transactions were the most notable.