Nepse continues downward trend; declines by 0.47 points

April 2, 2006
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The weekly index of Nepal Stock Exchange (Nepse) continued its downward trend registering a 0.47 point loss over the week due to the decline in the index of commercial banks.

The Nepse index, 337.99 points on Sunday, the first day of the weekly trading closed at 337.52 points on Thursday, the last day for trading under the regular lot.

The Nepse index declined for the second consecutive week. The Nepse index declined by 0.90 points the previous week.

A total of 224,235 shares worth Rs 75.04 million were traded over the week. A total of 217,182 shares worth Rs 92.7 million were traded during the previous week.

Commercial banks, trading, development bank groups posted loss over the week, while, insurance, finance, hotel and others groups saw some rise in the Nepse index.

The index of commercial banks registered a decline of 2.02 points lowering its index to 374.90 points, from 376.92 points. Likewise, the trading group saw a steady loss of 6.2 points, lowering its index to 141.29 points from 147.54 points. The indices of development banks group decreased to 272.71 points, down from 273.48 points.

However, insurance and finance groups registered rises of 2.7 points and 1.12 points respectively reaching their indices to 344.19 points and 246.71 points, up from 341.49 points and 245.59 points.

The index of the others group reached 338.79, up from 326.81 points. Hotels group saw a marginal growth, with its index rising to 182.88 points from 181.54 points.

Like the previous weeks, the commercial bank group continued to dominate the floor of Nepal stock exchange capturing 73.11 percent market share.

The finance group took 21.08 percent share. Insurance group made up 3.39 percent share, followed by trading group with 1.14 percent share. nepalnews.com pb Apr 02 06