Nepse index drops by 0.83 points
Thought there was no significant change in trading at Nepal Stock Exchange (Nepse), country’s sole secondary market, this week, the index dropped by 0.83 points pursuing a weak performance of commercial banks group.
The index that opened at 519.92 points on Sunday recovered to 513.34 points on the third day and ended at 519.05 points on Thursday.
The market saw a turnover of Rs. 149.8 million over the week, with a total of 268,114 units of shares being traded through 2,515 transactions. During last week, a total of 227,295 units of shares were traded for a turnover of Rs. 99.7 million.
The commercial banks group which is the largest scrip at the Nepse among the eight listed groups continued to post loss this week. Its index dropped by 6.05 points. The group, which had a heavy loss last week, settled at 570.80 points on Thursday against opening 576.85 points on Sunday.
Insurance and hydropower companies also suffered losses this week. The insurance group posted a loss of 8.20 points. Its index opened at 540.40 points and closed at 532.20 points. The index of the others group inched down by 5.82 points to 649.61 points from 655.43 points.
Hotels continued to see a rise in share prices over the week, buoyed by improved scenario for tourism industry. The hotels group saw an increase of 4.02 points in its index. The finance group saw an impressive growth of 12.40 points, its index reaching 407.60 points, up from 395.20 points. Similarly, the index of the development banks group rose by 2.99 points to 531.85 points.
Sanima Development Bank Ltd (SDBL) topped all companies in terms of number of transaction with 644 transactions, while Kumari Bank Ltd (KBL) outshone others in terms of monetary value. A total of 26,515 shares of the bank exchanged hands at Rs. 20,339,710 during the week.
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