Nepse surges by 5.56 points

Helped by the rising share prices of the commercial banks, Nepal Stock Exchange (NEPSE) gained 5.56 points in its index over the week to end at 503.29 points, up from 497.73 points.

The total turnover stood at Rs 107.3 million this week with 239,939 units of shares being traded. During the previous week, a total of 296,848 units of shares had changed hands in the bourse on a turnover of Rs 100.4 million.

The commercial banks group saw a rise of 8.71 points, its index closing at 539.80 points from 531.09 points. The trading group's index rose by 2.66 points to 148.71 points from 146.05 points. Likewise, the index of hotels group rose by 0.26 point to 236.41 points from 236.15 points.

However, development banks and insurance groups registered falls of 3.35 points and 6.09 points respectively to close at 435.22 points and 595.70 points. Similarly, the index of the others group slipped marginally by 0.24 point to 663.96 points from 664.20 points.
 
The manufacturing group saw no trading this week, its index remained a non-mover at 329.42 points.
Of the total turnover, the commercial banks group accounted for 71.82 percent. The finance group made up 10.97 percent while the development banks group had 10.11 percent. The others group constituted 4.38 percent and the insurance group captured 2.15 percent.

Bank of Kathmandu topped all other companies for the largest trading for the week. The bank’s share worth Rs 10,806,478 exchanged hands this week, while Nepal Bangladesh Bank stood first in terms of having the largest number of shares traded for the week. But, Shikhar Insurance Ltd topped all for having the highest number of transactions.

The floor opened for five days under a regular lot, where the shares of Nepal Investment Bank, Standard Chartered Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, Kumari Bank, Lumbini Bank, Siddhartha Bank, NCC Bank, Chilime Hydropower Company, Sikhar Insurance, Nepal Merchant Banking & Finance, Central Finance, and Development Credit Bank were traded throughout the week.