NEPSE rises

Although cash crunch in the market dragged down the volume of turnover at Nepal Stock Exchange (Nepse) index recorded a gain of 1.65 points over this week. The market closed at 662.04 points on Thursday.

Nepse attributed the rise in index to better performances by commercial banks that occupy a lions share in the stock market. ´Commercial bank´ group recorded a rise in their index by 1.33 points during the week. The transaction volume however went down by 43 percent during the period as compared with last week´s volume.

Some 354,800 units of shares worth Rs 250.4 million were traded during the week. Of that amount, turnover of category A companies alone was Rs 151.30 million, which was over 60 percent of the total transaction.

As per the weekly Nepse statement, indices of development bank, hydropower, insurance and others groups went up, whereas the indices of financial and trading groups dropped during the period. No change was recorded in the indices of the manufacturing and hotels groups.
Source:Republica