Nepse index drops by 8.90 points

As the commercial banks, the largest scrip in stock market, continued to fall in share prices, index of Nepal Stock Exchange (Nepse) dropped by about nine points over the week. Last week it had dropped by 6.62 points.

The NEPSE opened at 517.79 points on Sunday and dropped to 514.66 points, 511.85 points and 511.81 points on the second, third and fourth days, respectively. It further went down to close at 508.89 points on Thursday.

The turnover stood at Rs. 144.3 million over the week, with 270,850 units of shares being traded through 3,877 transactions. During the previous week, a total of 416,639 units of shares changed hands in the bourse on a turnover of Rs. 170.4 million. Out of a total 77 listed companies for share trading, 69 companies saw transactions this week.

In group-wise share trading, the manufacturing group registered a large growth of 20.21 points and closed at 342.69 points.

Similarly, hotel group also observed a significant rise in its index. It registered a growth of 10.26 points and closed at 218.17 points from an opening 207.81 points. Likewise, the insurance group posted a modest growth, as its index closed at 639.69 points.
 
On the other hand, the commercial banks group, leading scrip at Nepse floor, suffered heavy loss. The commercial banks’ index plunged by 16.05 points to land at 539.43 points. Its index plunged by 16.05 points to land at 539.43 points. The group had begun trading at 555.48 points on Sunday.

Similarly, the finance group also incurred a huge loss as its index fell by 6.69 points. The group’s index that stood at 455.02 points on Sunday dropping to 448.33 points on the closing day. The development banks group lost 1.54 points and its index dropped to 525.60 points on Thursday.

The trading group could not see any movement this week as no share of the group was traded. Its index remained at 152.79 points.
 
The commercial banks group accounted for 69.85 percent of total turnover. The others group came second capturing 10.32 percent. The development banks group had 9.47 percent, followed by the finance group with 6.37 percent.
 
Narayani Industrial Development Bank topped all in terms of number of transactions with 1,345 transactions. National Hydropower Company kept itself ahead of others by number of shares. Likewise, the company's 30,820 units of shares were traded.