Nepse continues downward trend; declines by 1.94 points

Due to political unrest of the country the index of Nepal Stock Exchange (Nepse) declined by 1.94 points over the week.

This is the third consecutive week the index of Nepse declined. The Nepse declined by 0.47 points in previous week.

The weekly data of Nepse decreased to 334.77 points on Wednesday when the market closed, from 336.71 points on Sunday, the opening day of week.

A total of 158,914 shares worth Rs. 60.3 million rupees were traded over the week as compared to 224,235 shares worth Rs. 75.04 million.

The commercial banks group continued to suffer with a 2.85 point fall over the week. The index of commercial bank group dipped to 370.83 points from 373.68 points. The index of Insurance group rose to 345.98 points up from 344.39 points.

Manufacturing, finance and development banks groups too suffered losses, as their indices decreased to 289.81 points, 246.08 points and 271.84 points respectively down from 291.08 points, 246.23 points and 272.41 points. Likewise, the index of hotel group inched down to 181.34 points from 182.88 points.

The index of trading group and others groups remained static at 141.29 points and 338.79 points respectively.

Of the total transaction, commercial banks group accounted for 88.64 percent of the total share. Insurance group made up 7.30 percent, while insurance group stood for 2.89 percent. nepalnews.com pb Apr 09 06

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