Nepse posts 0.69 points growth

October 23, 2005
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The index of Nepal Stock Exchange (Nepse) gained a marginal growth of 0.69 points this week thanks to modest rise in share prices of commercial banks and finance group.

According to Nepal Stock Exchange, Nepse index opened at 297.66 points on Tuesday and slightly climbed to 298.35 points on Thursday when the market closed for share transactions.

A total of 34,554 unit shares worth above Rs 10.8 million were traded this week. 119,725 unit shares worth of Rs 39.5 million were transacted during last week.

Commercial banks registered an increase of 1.12 points, with its index growing to 320.10 points from 318.98 points. Finance group saw a nominal rise of 0.35 points. Its index began at 231.51 and increased to end at 231.86 points.

The manufacturing, hotel, trading, and development banks group could not see any change with their indices remaining static at 305.01 points, 178 points, 129.55 points and 217.31 points respectively throughout the week. The index of other group was also unchanged at 322.39 points.

Commercial banks and finance groups captured almost all the transactions. The commercial banks had 64.87 percent market share and finance group accounted for 34.21 percent share.