Slight fall in stock market

Following the dull performances of leading companies, the stock market saw a slight fall this week. The Nepal Stock Exchange (Nepse) posted a loss of 0.85 point this week. The Nepse index which stood at 492.32 on Wednesday came to 491.47 points on Thursday.

The turnover at the stock market significantly declined this week as the market opened for three days only. Some 83,131 units of shares changed hands on a turnover of Rs. 36.7 million over the week.

During the previous week, total transactions stood at Rs. 155.3 million with 331,001 shares having been traded. Of total 59 companies registered for transaction, 46 companies saw transaction.

The protest of the business community also contributed in pushing the share market to this decline.
According to group-wise share trading data, the commercial banks group, the largest scrip at Nepse floor, shed 1.53 points, closing at 516.05 points from 517.58 points.

Likewise, the index of the finance group declined by 1.61 points to 438.37 points, down from 439.98 points this week.

Development banks groups and the others group were the only gainers in the market. The index of the development banks group increased by 1.96 points. Its index opened at 482.59 points and ended at 484.55 points. The others group saw a rise of 2.34 points to 653.42 points, up from 651.08 points.
 
On the other hand, indices of hotels and insurance groups remained unchanged at 235.38 points and 609.43 points respectively. Likewise, manufacturing and trading groups' indices also remained static, at 347.07 points and 148.71 points respectively this week.

Of the total transactions, the commercial banks group captured 67.78 percent. The development banks group constituted 17.86 percent while finance group had 5.73 percent and the others group made up 8.44 percent.

With 31,980 units of shares having been traded on a turnover of Rs. 10.58 million, Lumbini Bank topped all by the number of shares and turnover. Similarly, Business Development Bank led others by the number of transactions. Its 755 units shares were traded.