Ending bullish surge of the past three weeks, the index of Nepal Stock Exchange (Nepse) started its downward trend posting 1.78 points loss over the week.

The Nepse index had increased by impressive 13.02 points the previous week. Nepse posted 5.36 and 11.4 points growth over the previous two weeks.

The index of country’s sole secondary market opened at 385.89 points on Sunday and closed at 384.11 points on Thursday, the last day of the trading under a regular lot due to weak performance of commercial banks.

A total of 255,839 units of shares worth Rs 152,717,592 were traded through 2,270 transactions during the week as compared to 391,864 units worth Rs 188,255,901 from 2,404 transactions the week earlier.

The index of commercial banks declined over the week, however, manufacturing, insurance and finance groups showed a steady growth.

The index of commercial banks group declined by 3.563 points to 442.37 points from 445.80 points.

Manufacturing group’s index maintained a growth of 2.53 points. It climbed to 292.34 points on Thursday from opening at 289.81 points on Sunday.

Similarly, the indices of finance and insurance groups’ also posted a growth of 0.79 points and 3.58 points respectively.

The indices of trading, hotel, other and the development banks groups remained static throughout the week.

Of the total transactions, the commercial banks group continued to dominate the Nepse floor by capturing 95.72 percent of the total transaction.

The shares of finance group had 1.95 percent share, while the development bank group had 1.17 percent, followed by the insurance group with 1.05 percent and the manufacturing group with 0.05 percent share.