Nepse index posts 4.50 points growth

September 24, 2006
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The index of the Nepal Stock Exchange (Nepse) continued bullish trend over the week with the improvement in share prices of commercial banks.

The Nepse index registered a growth of 4.50 points over the week reaching its index to 392.02 points on Thursday, the last day of share trading under regular lot up from 387.59 points on Sunday.

The Nepse posted a growth of 1.14 points on previous week.

According to Nepse, a total of 125,007 units of shares worth over Rs 64.3 million were traded through 1,586 transactions over the week as compared to trading of 210,841 shares worth over Rs 74.9 million from 2,087 transactions of the previous week.

Of the eight groups, the two leading groups registered growth, while three groups remained constant and three groups posted loss over the week.

The commercial banks group registered a growth of 7.35 points, reaching its index to 440.16 points on Thursday, up from 432.81 points on Sunday.

The finance group also continued upward trend, posting 2.67 points growth reaching its index to 270.67 points from the opening 268 points on Sunday.

The other group continued to suffer losses, losing 3.73 points. The group’s index closed down at 416.20 points on Thursday from an opening of 419.93 points on Sunday.

Likewise, the insurance and development banks groups lost 0.60 points and 0.44 points respectively, reaching their indices to 398.33 points and 314.47 points down from 398.93 points and 314.47 points respectively.

However, the indices of manufacturing, trading and the hotel groups remained constant at 314.69 points, 150.72 points and 180.96 points, respectively throughout the week.

Of the total transactions, the commercial banks group continued to dominate the Nepse floor and accounted for 85.82 percent. The others group had 4.54 percent share while the insurance group made up 2.87 percent share. Likewise, finance and development banks groups captured 3.76 percent and 2.59 percent shares.