Stock market continues to grow

Due to the better performance of the companies, stock trading at Nepal Stock Exchange (Nepse) continued to register growth yet another week.

The Nepal Stock Exchange (Nepse) was up by 3.29 points over the week to finish off at 518.28 points from 514.99 points.

According to the Nepse data, the turnover stood at Rs 138 million over the week with 278,539 units of shares being traded. The amount was higher than the trading of Rs 85 million during the previous week.

The group-wise share trading analysis shows that the major groups including commercial banks continued to grow with the others group bouncing back with a huge growth. The hotel, development banks, and trading groups also registered growth.

Among the gainers, the commercial banks group, which is the largest scrip by volume, posted a growth of 3.56 points. The group's index closed at 561.30 points from the opening 557.74 points. The group had gained over eight points last week.

Likewise, the others group bounced back with a huge growth of 25.31 points and closed at 696.07 points. Last week's loser, the group began its trading at 670.76 points.

The hotel group, another loser last week, also posted a growth of 5.67 points. The group's trading opened at 229.60 points on Sunday and closed at 235.27 points. The trading group, a slow mover, surprisingly registered a growth of 6.50 points, as its index closed at 155.21 points from the opening 148.71 points.

The development banks group's index closed higher at 444.11 points on Thursday from the opening 441.60 points.

On the other hand, the insurance group suffered a major blow, as its index plummeted by 13.58 points. The group opened its trading at 561.97 points on Sunday and closed down at 558.39 points.

Likewise, the finance group suffered a loss of 7.99 points, as it settled down at 435.71 points from the opening 443.70 points. The manufacturing group, however, remained constant at 329.42 points, as it had not a single trading throughout the week.

The commercial banks group continued to dominate the market, as it captured the majority of total share trading. The group cornered 57.79 per cent of the total trading, while the others group came second with 20.83 per cent. The finance group grabbed 10.46 per cent, the development banks group had 7.37 per cent, and the insurance group bagged 1.85 per cent share.