Nepse continues bullish trend; gains 1.85 points

July 16, 2006
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The index of Nepal Stock Exchange (Nepse) has continued its upward trend posting 1.85 points over the week thanks to the rise in share prices of commercial banks group.

The index of Nepal Stock Exchange, the sole secondary market of the country reached 386.45 points on Thursday, the last day of the share transaction under the regular lot, up from 384.60 points on Sunday.

The Nepse had gained over seven points last week.

A total of 123,819 units of shares worth Rs 53.9 million were traded over the week as compared to 172,941 units of shares worth Rs 65.8 million traded the previous week.

Commercial banks group registered a rise of 2.43 points reaching its index to 436.73 points, up from 434.30 points last week.

The index of manufacturing group rose to 302.48 points, up from 299.94 points. Likewise, insurance, finance and development banks groups rose marginally, with their indices inching up to 381.79 points, 261.10 points and 292.31 points up from 380.25 points, 261.05 points and 291.11 points respectively.

However, the indices of the trading group and the hotel group remained constant at 148.11 points and 180.77 points throughout the week.

The commercial banks group continued to dominate the Nepse floor by capturing 83.28 percent shares.

The other group followed it and stood second with 7.23 percent, while the development banks group held 4.97 percent of the total transaction.

The finance group was able to capture 3.19 percent and the manufacturing group 1.02 percent. The insurance group had 0.28 percent, while the hotel group had a mere 0.02 percent share.