The Nepal Stock Exchange Ltd (Nepse) index, which registered historic high last week, has corrected its bullish trend this week with index dropping 16.60 points to close at 1084.76 points.
The index had closed at 1101.36 points on Thursday setting historic record of 1128.13 on Wednesday.
The stock market this week had opened in red zone as it lost 25.85 points on Sunday from last week's closing of 1101.36 points.
However, it registered 13.40 points growth to 1088.91 points on Monday. Tuesday the index made another correction of 3.88 points to 1085.03 points. It further lost 5.45 points to 1079.58 points on Wednesday. But the market closed on Thursday with a gain of 5.18 points to close at 1084.76 points.
The commercial banks group, one of the key players at the stock market, lost 23.36 points to 1143.62 points from last week's closing of 1166.98 points.
Shares of hotels and manufacturing companies witnessed rises by 2.59 points and 2.68 points respectively to 426.25 points and 349.42 points.
The index of the development banks' group rose by 12.70 points to 1,452.53 points. Finance companies reported a growth of 9.04 points in their combined index to end at 1,193.74 points.
Likewise, the insurance sector registered a jump of 21.78 points to 820.57 points. The index of trading group increased by 2.83 point to 203.14 points. The hydropower sector was the only loser this week, suffering a loss of 9.01 points.
The companies listed under 'A' category contributed to 76.10 points against last week's 71.10 per cent to the total transactions. However, the sensitive index lost 5.04 points to 290.15 points from last week's closing of 295.19 points.
According to the Nepse data, the top five gainers in trems of monetary value are; Nepal Investment Bank with Rs 87.29 million, Bank of Kathmandu with Rs 67.62 million, Nepal Credit and Commerce Bank with Rs 57.33 million, NIC Bank with Rs 39.54 million and Kist Merchant Finance with Rs 36.89 million.
Similarly, in terms of number of transactions and share traded Nepal Credit and Commerce Bank topped the chart with 298 transactions and 1,07,000-unit of shares traded.
The sole secondary market this week witnessed a transaction of 78 companies against last week's 67 companies.
Meanwhile, the Nepse on Thursday has listed shares of Rs 15 billion belonging to Nepal Telecom (NT) to trade next week. NT had earlier launched an initial public offering to sell 15 million units of shares. But it was able to sell only 5.3 million units.
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