Himalayan News Service
Kathmandu, January 27:
With the fall in share prices of commercial banks, stock trading at Nepal Stock Exchange (Nepse) this week suffered a loss, as its index dropped by 6.18 points. Last week, Nepse index had lost about one point, whereas it had gained over 10 points a week before that.
According to weekly trading report of Nepse, stock trading at the country’s sole secondary market began on Sunday with its index at 529.81 points and closed at 523.63 points on Thursday.
Shares suffered throughout the week as the index dropped to 527.05 points on the second day, 526.33 points on the third day and settled at 523.63 points on the last day.
The weekly turnover decreased further compared to last week’s figure and stood at Rs 99.7 million with 227,295 unit shares having been traded through 1,491 transactions during the week.
A total of 309,034 unit shares worth over Rs 160.3 million were traded through 2,667 transactions. Out of the total 66 listed companies for share trading, 57 companies saw transactions this week.
Among the eight listed groups, the commercial banks group, the largest scrip at Nepse and plays a decisive role, suffered a heavy loss of 10.63 points. The group, which had a marginal gain last week, settled at 581.52 points on Thursday against its opening 592.15 points on Sunday.
Likewise, the other and insurance groups are among the losers, as their indices dropped by 0.75 point and 3.88 points, respectively. The other group’s index settled at 667.38 points from the opening 668.13 points on Sunday, while the insurance group dropped to 539.94 points from the opening 543.42 points.
The finance and the development banks groups also suffered a loss of 1.19 points and 5.33 points, as their indices struggled to settle at 392.02 points and 534.53 points, respectively. Earlier, the finance group began at 393.21 points, and the development banks group at 539.86 points on Sunday. The hotel group is the sole winner this week, as it posted a growth of 0.77 point. The group began trading at 190.25 points and closed at 191.02 points.
The manufacturing group and the trading group, however, remained constant at 322.36 points and 148.51 points throughout the week.
The commercial banks group continued its domination by capturing the largest share of the total trading. The group cornered 57.64 per cent of the total trading. The finance group came second with 27.51 per cent and development banks group had 9.87 per cent share in total trading. The insurance group also had a 3.14 per cent share, while the others group cornered 1.82 per cent of the total trading.
Sanima Development Bank topped all companies in terms of number of transactions with 644 transactions held for the week, while Janaki Finance stood first for the largest number of shares traded that stood at 20,000 units. But, Nabil Bank outshone others in monetary value with its shares worth Rs 9,453,270 having been exchanged during the week.
The floor opened for four days under the regular lot, where the shares of Nabil Bank Ltd, Nepal Investment Bank, Standard Chartered Bank, Nepal Bangladesh Bank, Bank of Kathmandu, Kumari Bank, Lumbini Bank, Siddhartha Bank, NCC Bank, Life Insurance Company, Nepal Merchant Banking and Finance, Sanima Development Bank and Development Credit Bank were traded throughout the week.
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