Following investors’ hope of getting capital gains on the account of rising share prices, stock market gained 15.89 points over the week. After continuous rises, the market plummeted on Thursday, the last day of trading, losing 8.51 points.
The weekly turnover also increased significantly this week to Rs. 281.3 million with 555,153 unit of shares having been traded through 1,729 transactions, against last week’s figure of Rs. 217.5 million through the trading of 500,285 shares. Out of the total 94 listed companies for share trading, 66 companies saw transactions this week.
In the early days this week, the stock market continuously rose to new highs, stunning market analysts, officials, regulators, and concerned companies.
The commercial banks, which make up over 70 percent of market capitalization, saw a rise of 22.57 points to end at 637.22 points. The index of the manufacturing group grew slightly to 339.70 points. The hotels group also gained, its index rising to 239.48 points, up from 235.36 points. Likewise, the others group reported a marginal growth, its index reaching 750.34 points from 749.67 points.
The insurance group registered a steady rise of 11.83 points to 545.35 points. The finance group's index increased to 461.22 points from 458.16 points. Furthermore, the index of the development banks group shot up to 502.75 points from 488.24 points.
The trading group, meanwhile, remained constant at 155.21 points, as the group didn’t have a single transaction throughout the week.
Machhapuchhre Bank Ltd topped all other companies in terms of the largest monetary value from the share trading. The bank’s transactions stood at Rs. 44,407,675.
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