Nepse up but the transaction down

The Nepal Stock Exchange (NEPSE) gained 27.72 points to close at 702.88 points this week. In the opening day the index recorded 675.16 points.

However, NEPSE, the sole secondary share market pulled the weekly transaction amount to Rs.382.3 million from Rs.462.6 million, a 17.36 per cent down compared to the previous week’s transaction.

This week, NEPSE traded 903,700 shares of 86 companies in 4,502 transactions at a cost of Rs.382.3 million. Last week, 1,963,700 shares were trade in 4,547 transactions, according to the NEPSE.

Of the total shares traded, Group-A companies contributed Rs.169.6 million to the total transaction, which alone stood for 44.36 per cent.

This week, manufacturing companies group, hotel groups and the business group’s indices saw no transaction while the other sub-indices registered a positive growth.

Of the total sub-group indices, commercial bank groups added 40.80 points and climbed to 736.57 points, the hydropower companies group gained 3.74 points and climbed to 919.18 points and the insurance companies group gained 0.23 points and climbed to 631.13 points in the opening index.

Similarly, the finance companies group added 7.72 points and added 682.01 points, the development banks group gained 36.11 points and climbed to 754.66 points and the other groups’ index climbed to 663.81 points adding 10.57 points.

The sensitive index gained 8.99 points and went up to 188.09 points and the float index added 2.81 points and climbed to 67.47 points in the closing day.

This week, Nepal Bangladesh Bank (with Rs.62.37 million transaction amount and 249,000 shares bought and sold) and Pashupati Development Bank (with 895 transactions) stood at the top in the respective categories.

Following the Nepal Bangladesh Bank, the Bank of Kathmandu (BoK) with Rs.36.86 million, Nepal Credit and Commerce Bank with Rs.36.85 million, the IME Finance with Rs.19.59 million and the National Hydropower Company with Rs.18.92 million were the top five banks in terms of weekly transaction amount.

Source: Arthakoartha.com