Ending months-long bullish trend, the index of Nepal Stock Exchange (Nepse) declined by 1.71 points over the week due to the weak performance of commercial bank and development bank groups.

The Nepse index at the country’s sole secondary market started at 339.58 points on Sunday and went down to 337.87 points on the last day of trading under a regular lot.

The leading sector including commercial banks and development banks showed a decline in their index, whereas manufacturing group, other group, insurance group and finance group showed increment in their respective indices. The index of hotel group remained unchanged.

A total of 292,274 units of shares worth Rs 101,112,058 were traded through 4,045 transactions over the week against a total of 168,614 units of shares worth Rs 94,962,588 from 1,157 transactions of the previous week.

The index of commercial bank group that opened at 376.82 points on Sunday went down to 373.64 points on the closing day. Likewise, the index of development bank group moved down by 9.35 points, dropping to 279.15 points.

The index of manufacturing group moved up from 286.43 points to 289.73 points, insurance group reached 344.93 points from 344.14 points, whereas the trading group moved down to 141.72 points from 148.07 points. The indices of finance group and other group showed increment of 0.31 points and 6.0 points, reaching their indices to 351.39 and 250.66 points respectively.

The index of hotel group remained constant at 183.55 points.

Like the previous weeks, the commercial banks group continued to dominate the floor of stock exchange capturing 84.57 percent of the total transaction. The share of finance group consisted of 11.61 percent with manufacturing group following it at 1.58 percent. The development bank transactions made up 0.16 percent while the trading group and insurance group captured 0.59 and 1.49 percent, respectively.