The downward trend of Nepal Stock Exchange (Nepse) continued over the week as well due to the weak performance of commercial banks group.

The Nepse index, the only secondary market of the country, plunged by 13.76 points, which is one of the highest fall in the index in recent months.

The index reached 368.89 points on Thursday, the last day of the trading under a regular lot down from 382.65 points on Sunday, the opening day of the week.

The downward trend began last week, when the Nepse index dropped by 1.78 points after three weeks’ impressive growth, following the political development of the country.

A total of 1,307,521 units of shares valued at Rs 139,357,096 were traded through 1,413 transactions during the week. Last week, a total of 255,839 units of shares worth Rs 152,717,592 from 2,270 transactions were traded.

The weekly trading report shows that the index of the commercial banks group, which is the largest by volume at Nepse, plummeted 21.33 points to 418.91 points down from 440.24 points on Sunday.

Similarly, the insurance and the development banks groups also showed weak performance as their indices stood at 351.37 points and 278.86 points respectively on the closing day down from the opening of 351.94 points and 282.99 points respectively.

However, the trading and the finance groups maintained growth, reaching their indices at 148.11 points and 254.36 points respectively on the last day from 147.27 points and 253.59 points on the opening day.

The hotel group’s index also posted a growth and closed at 179.42 points, up from 147.27 points on Sunday.

However, the manufacturing and the other groups remained constant at 292.34 points and 363.69 points respectively throughout the week.

Of the total transactions during this week, the commercial banks group dominated the Nepse floor by capturing 75.85 percent of the total share trading.

The share of finance group comprised of 15.37 percent, while the insurance group followed it by 8.15 percent. The trading group was able to capture only 0.77 percent, while the development bank group had a mere 0.35 percent share in the overall trading.