Nepse declines by 1.22 points
The index of Nepal Stock Exchange (Nepse) continued its downward trend, with its index declining 1.22 points over the week, due to bad performance of the commercial banks group.
According to weekly data of Nepal Stock Exchange, the Nepse index closed at 370.84 points on Thursday, the last day of share transactions under the regular lot down from 372.06 points on Sunday, the opening day of trading.
A total of 539,907 unit shares worth Rs 81.03 million were traded during the week, while the previous week registered 1,234,900 unit shares worth Rs 101.9 million traded.
The Nepse had suffered 3.67 points loss the previous week and over 13 points a week before that.
The weekly trading report shows that the index of the commercial banks group declined by 2.08 points. The index of the group that opened at 422.95 points on Sunday dropped to 420.89 points on the closing day.
The hotel group suffered a loss of 1.91 points over the week reaching its index to 179.23 points from 181.14 points.
Finance and insurance groups maintained a steady growth, as their indices closed at 254.53 points and 365.75 points respectively from 254.25 and 364.02 points respectively.
The development banks group recovered and registered an impressive growth of 4.74 points reaching its index to 275.49 points from 270.75 points.
However, the indices of manufacturing, other and trading groups remained constant at 292.34 points, 363.69 points and 148.11 points respectively throughout the week.
Like previous weeks, the commercial banks continued to dominate the Nepse floor capturing 94.59 percent of the total share transaction.
The finance group made up 3.44 percent share and the insurance group accounted for 1.37 percent share.
Development banks group was able to capture 0.37 percent and hotel group had a 0.13 percent share, while manufacturing group cornered a mere 0.09 per cent of the total trading. nepalnews.com pb June 11 06
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