Share market grows unabated

Bolstered by the soaring price of major trading groups, the Nepal Stock Exchange (NEPSE) index posted a modest growth of 1.75 points over the week. The NEPSE that opened at 516.80 points on Sunday closed at 518.55 points on Thursday, the last day of stock trading.

The stock market has been on an upward trend since mid-April. The NEPSE index was up by three points last week and about five points a week before that.

The weekly NEPSE data shows that the turnover stood at Rs 152 million over the week with 356,957 units of shares being traded. The amount was higher than the trading of Rs 138.6 million with 279,539 units of shares traded last week. Out of the total 77 listed companies for share trading, 71 companies saw their transactions this week.

The commercial banks group, finance groups, hotel and development bank groups were among the gainers this week as it grew by O.56 points, 4.85 points, 1.52 points and 0.28 points respectively. However, the index of insurance group fell by 4.94 percent. nepalnews.com ag May 20 07

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