Nepse starts upward trend; posts 2.02 points growth

March 19, 2006
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Following a 1.71 point decline of the previous week, the index of Nepal Stock Exchange (Nepse) stated its bullish trend due to the improvement in the index of commercial banks.

The Nepse index posted a rise of 2.02 points over the week. The index of the country’s sole secondary market started at 337.32 points on Sunday and went up to 339.34 points on Thursday, the last day of the trading under the regular lot.

A total of 233,309 unit shares worth Rs 79.1 million were traded through 1,941 transactions over the week. Last week, a total of 292,274 unit of shares worth Rs 101,112,058 were traded through 4,045 transactions.

Leading groups including commercial banks, insurance group and finance group maintained growth while hotels, trade, manufacturing and the other group remained constant with development banks’ index declining.

Group-wise share trading data shows that the commercial banks group posted a growth of 3.84 points, reaching its index to 378.32 points from 374.48 points. Indices of insurance and finance groups inched up marginally to 344.43 points and 250.51 points, up from 344.14 points and 250.45 points respectively.

Development banks group was the sole loser this week. Its index declined by 5.21 points to 275.17 points, down from 280.38 points.

The weekly trading report shows that the indices of the trading group, hotel, manufacturing and the other group remained constant at 141.72, 183.55, 289.73 and 333.41, respectively.

The commercial bank group dominated the floor of Nepal Stock Exchange capturing 80.41 percent market share. Insurance group came next, capturing 14.25 percent share. Finance group made up 2.56 percent share.