Kathmandu, May 8: The overall transaction of the stock market witnessed a decline this week. The NEPSE index that stood at 350.77 previous week dropped to 347.22 by the closing for this week recording a net loss of 3.478 points over the previous close.

The opening index this week was 349.54 that declined by 2.32 per cent by this week’s closing hour.

Altogether 57,282 units of shares of 41 companies were traded this week in 674 transactions for Rs. 25,074,083. During the previous week, 122,940 units of shares were traded for Rs. 52,340,015.

The NEPSE index showed that the Bank of Kathmandu stood at the top in terms of the total number of shares traded as well as in terms of value. It had a transaction of 10,403 units of shares for Rs. 8,561,460. Nepal Bangladesh Bank had the highest number of transactions that stood at 105.

The commercial banks topped the volume of transaction with 83.30 per cent followed by financial group with 3.91 per cent, manufacturing group 3.88 per cent, insurance group with 3.34 per cent, hotel group with 2.91 per cent and business group with 0.07 per cent.

The companies that had the transactions throughout the week are Nepal Bank Ltd. (345), Nepal SBI Bank (1,051-1,115), Nepal Bangladesh Bank (1,326-1,365), Everest Bank (870-873), Bank of Kathmandu (747-881), Nepal Lever Ltd. (2,450-2,500), Taragaon Regency Hotel (179-173).

Nepal Indosuez Bank (1,350-1,305), Nepal Grindlays Bank (1,999-1,970), Himalayan Bank (1,700-1,650), Necon Air (260-265), Everest Insurance (450-480), Nepal Motion Picture Development Company (64-61), Prople’s Finance (180-181), Universal Finance and Capital Markets (150) were the companies having trancations on four of the five transaction days.

The companies having only one transaction during the week were Nepal Lube Oil, Salt Trading, Nepal Insurance, Himalayan General Insurance, Annapurna Finance, Nepal Housing Development Finance Company, General Finance and Neco Insurance.