Stock market drops by 6.18 point
As the share price of commercial banks, dominant group in Nepal Stock Exchange (NEPSE) floor slowed down, Nepse registered a fall of 6.18 points over the week.
The data of NEPSE shows that its index opened at 529.81 points and ended at 523.63 points. The stock market has cooled down after some weeks of growth.
The total transactions stood at Rs. 99.7 million, with a total of 227,295 units of shares being traded. A total of 309,034 shares had changed hands in the bourse over a turnover of Rs. 160.3 million a week earlier. Out of the total 66 listed companies for share trading, 57 companies saw transactions this week.
Most of the companies saw their share prices decline over the week. The commercial banks group, the largest scrip at Nepse posted a steady fall of 10.63 points. Its index fell to 581.52 points from 592.15 points in this week.
The index of insurance, finance and development banks groups decreased by 3.88 points, 1.19 points and 5.33 points respectively to end at 539.94 points, 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 index of the others group also declined to 667.38 points from 668.13 points.
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. On the other hand, Manufacturing and trading groups remained unchanged at 322.36 points and 148.51 points respectively.
Despite the fall in the share price, the commercial banks continued to be the largest player. It accounted for 57.64 percent of the total turnover. Finance group came next, capturing 27.51 percent. Insurance group took 3.14 percent while the development banks group made up 9.87 percent share.
In term of the number of the transactions, Sanima Development Bank topped all with 644 transactions. Janaki Finance kept itself ahead by number of shares. 20,000 units of shares belonging to the company were traded. Nabil Bank saw largest turnover this week, its shares were traded on a turnover of Rs 9.4 million
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