Stock market drops by 38.70 points

The Nepal Stock Exchange (Nepse) Index this week registered a fall of 38.70 points closing at 1028.50 points. 

The Nepse data shows that its index had closed at 1067.20 points last Thursday. On Sunday, it increased by 3.88 points to close at 1071.08 points. However, on Monday, it fell by 22.44 points to 1058.64 points. Tuesday it witnessed another fall of 7.44 points and Wednesday 31.35 points. On Thursday, the Nepse floor closed at 1028.50 points.

During the week, the index of others group under which Nepal Telecom (NT) is enlisted plunged by whooping 119.81 points to end at 1054.96. Commercial Banks group's index slipped 16.92 points to finish at 1050.34 points on the last day of the week's transactions.

Hotels and Hydropower groups fell down by 3.08 points and 9.7 points respectively from 355.80 points and 1230.38 points during the week. The Group sub-index of insurance companies also fell by 0.9 points to end at 814 points. Both the Manufacturing group and the Trading group saw no changes in their indices.

According to Nepse data, a total of 10.02 million unit shares of 76 companies were traded during the week. The trading was held through 4,410 transactions and was valued at Rs 993.2 million.

Last week, Rs 643.6 million worth of 601,195 shares had changed hands through 3,536 transactions.

The sensitive index, the indicator of transaction of Category 'A' companies, also dropped by 5.04 points to 269 points from last week's closing of 274.04 points.

In terms of monetary value, Nepal Bangladesh Bank (with Rs 379.19 million), Bank of Kathmandu (with Rs 61.51 million), Kist Merchant Banking and Finance (with Rs 42.54 million), Himalayan Bank (with Rs 39.73 million) and Nabil Bank (with Rs 34.05 million) were this week's top five performers.