Bull run ends NEPSE Index sheds 12.77 points, turnover down 51pc

After a climbing for several weeks, Nepal Stock Exchange (NEPSE) lost pace this week, as the county's only secondary market lost 12.77 points to reach 972 .77 points on the last day of weekly trading.

508,623 units of shares worth Rs 435.6 million were traded through 2,966 transactions this week. Total trade in the share market tumbled by 50.43 percent in term of transaction amount.

A total 1.46 million units of shares amounting Rs 8.78 million were exchanged through 2,219 transactions last week. Transactions of companies under class 'A' reached Rs 298 million.

Under group-wise trading, the group index of commercial banks recorded a loss of 14.35 points to reach 1001.81 points on Wednesday, the last day of transaction this week.

Similarly, the hydropower group index saw a fall of 44.82 points to finish at 1249.33 at close of the trading week.

The index of finance companies also suffered a loss of 42.59 points to touch 1125.42 points during the week. The insurance group witnessed a marginal setback by 2.55 points to end at 828.58 points.

However, shareholders of development banks were happy this week as the index of the development banks was up 21.27 points from an opening of 1325.95 points on the first day of transaction.

The sensitive index, an indicator of transactions of companies under group 'A', tumbled by 8.43 points to 253.75 points this week.

The most number of shares traded this week were of Nepal Credit and Commerce Bank. According to NEPSE, 111,000 shares of the bank amounting Rs 51.6 million changed hand through 255 transactions.

Nepal Credit and Commerce Bank was followed by Bank of Kathmandu, Kist Merchant Bank and Finance, Nepal Investment Bank and Standard Chartered Bank (Nepal) respectively in terms of transaction amount during the week, stated NEPSE.
Source: eKantipur