Weekly Stock Analysis: Nepse index drops by 1.18 points

The stock market ended with a negative note this week as share prices of most of the actively trading companies fell. — Nepal Stock Exchange (Nepse) index posted a loss of 1.18 points, against last week’s growth of 1.03 points — due to the weak performance of leading groups including commercial banks group.

Its index, which opened at 518.64 points, ended at 517.46 points, shows data of NEPSE. The total turnover was Rs 294.7 million over the week with 584,594 shares being traded.

The commercial banks share prices declined substantially, with the index of the group posting a fall of 3.66 points. Its index that began at 590.02 points closed at 586.36 points. The others group, which was seeing unprecedented rises in share prices of its companies experienced a decline of 9.33 points this week. Its index finished at 694.14 points, down from 703.47 points.

Development banks witnessed a sharper fall, with its index shedding 12.73 points to 490.91 points from 503.64 points.

However, the insurance group registered a handsome growth of 21.87 points, with its index reaching 469.33 points from 447.46 points. The index of the finance group rose to 328.21 points from 316.45 points. Likewise, index of the manufacturing group rose 2.53 points, its index reaching 319.82 points from 317.29 points. The index of trading group increased marginally to 150.09 points from 149.71 points. The hotels group did not see any change, its index remaining static at 187.47 points.

The commercial banks group accounted for 51.61 percent of the total turnover. The development banks group came next, taking up 37.64 percent. Finance group had 5.09 percent while the others group constituted 4.48 percent. Insurance group had 1.11 percent.

Sanima Development Bank topped all this week with its 205,250 units of shares being traded through 6,834 transactions over a turnover of Rs 95.9 million.

The floor opened for five days under regular lot, where the shares of Nabil Bank, Nepal SBI Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Kumari Bank, Lumbini Bank, Siddhartha Bank, NCC Bank, Laxmi Bank, Development Credit Bank, Sanima Development Bank and Nepal Sri Lanka Merchant Banking and Finance were traded throughout the week.