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Nepse index up by over 3 points

KATHMANDU, JAN 18 - The trading at the country’s sole secondary market finally saw a breakthrough as it went up by 3.07 points during this week, leaving behind the slipping trend that had clutched the trading since last three weeks.
While the index at Nepal Stock Exchange (Nepse) opened at 201.34 points on Monday, the opening day of the week, it climbed and touched 204.41 points on the closing day of the week, Friday, states a information issued by the Nepse. Last week the market had dropped by 0.67 points.
During the week, only one group out of eight key enlisted groups, the hotel group, suffered decline, while most of the remaining groups either saw growth or remained at constant.
The index of the commercial bank group, the largest trading group at the Nepse floor witnessed growth as it went up to 201.61 points from 196.65 points during the week.
Likewise, the insurance, the finance and the other group also went up during the review period. While the indices of the insurance and the finance group opened at 230.10 points and 192.20 points, both of it climbed and closed at 230.26 points and 192.57 points respectively. During the week, the index of the other group also went up as its index closed at 140.31 points from the opening of 139.79 points.
Meanwhile, the trading of the hotel group suffered this week as its index landed at 184.01 points from 185.17 points. The indices of the manufacturing, the trading and the development bank group remained at constant during the week at 265.72, 94.40 and 242.36 points respectively during the week.
As usual, the commercial bank group, once again dominated the Nepse floor by capturing 71.10 per cent of the total trading followed by the finance group with 18.23 per cent. The development bank group, the insurance and the hotel group followed with their trading contribution of 4.89, 2.79 and 2.47 per cent. The trading and the other group, however, stayed at back by capturing nominal portion of the total trading, with 0.38 and 0.14 per cent respectively.
Nepal Bangladesh Bank Limited topped the list by becoming a largest trader in terms of share units and monetary value realised through its shares, with 6,605 share units and Rs 2.90 million under its belt. However, Butwal Finance Limited was the market leader in terms of trading highest number of share transactions, 507.
A total of 37,797 share units were traded through 1,117 transactions at an amount of Rs 8.67 million during the week, against the last week’s trading of a total of share 44,535 units were traded through 788 share transactions at Rs 6.8 million during the week.Posted on: 2004-01-19 03:45

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