Nepse posts 1.42 points growth
The index of Nepal Stock Exchange (Nepse) posted a rise of 1.42 points over the week due to rising share prices of commercial banks and other companies.
The index of the country’s sole secondary market Nepal Stock Exchange (Nepse) reached to 398.88 on Thursday, the last day of transaction under regular lot, up from 397.46 on Sunday.
Of the listed 65 companies, shares of 51 companies worth over Rs 85.5 million were traded through 1,200 transactions over the week. Shares worth over Rs 31.2 million were traded through 366 transactions in the previous week.
The weekly trading report shows that out of the eight groups, five groups, including the leading commercial banks registered growth, while two groups lost and the hotel group remained constant.
The commercial banks group registered a growth of 0.55 points, reaching its index to 449.37 points from 448.82 points. Likewise, the finance group gained 0.77 points as its index touched 272.90 points from 272.13 points.
The manufacturing and the other groups registered an impressive growth of 5.07 points and 9.71 points, respectively.
The manufacturing groups’ index started at 314.69 points on Sunday and closed at 319.76 points on Thursday, while the other group closed at 425.19 points from opening at 416.20 points.
The index of development banks group increased by 1.79 points to 319.25 points.
On the other hand, the insurance and trading groups became the losers this week, as their indices suffered losses of 0.85 point and 1.06 points respectively.
The trading of the insurance group began its trading at 396.10 points and went down to 395.25 points, while the trading group went down to 149.66 points from the initial 150.72 points.
Meanwhile, the index of hotel group remained static at 179.42 points.
Of the total transactions, the commercial banks group continued to dominate the Nepse floor by capturing 81.97 percent of the total share transaction. The others group made up 14.13 percent share while the development banks group had 1.70 percent. Likewise, the finance group accounted for 1.23 percent share. nepalnews.com pb Oct 15 06
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