Banking sector dominating share market

By A Staff Reporter

Kathmandu, June 29: With the increase of transaction of shares in the trading floor, there has been a slight increase in the index of the Nepal Stock Exchange this week. According to stock market analysts the share market will start go up.

A total of 35268 shares amounting to Rs 93,95,623/- were traded through 553 transaction this week, whereas a total of 30031 share were traded at Rs 49,25,066/- through 277 transactions.

The NEPSE index has increased by 0.07 this week. The index, which was 229.10 at the opening hour on Monday, closed at 229.17 points on Friday.

The index of commercial banks has declined to 200.00 from 220.38. The index of manufacturing sector has increased to 284.14 from 283.22, the index of hotel sector has also increased to 220.33 from 216.87. The index of trading sector has remained to 103.83 and the index of insurance has increased to 312.19 from 311.19.

There has been a slight decline in the index of finance sector. Its index has declined to 257.24 from 258.72.

Out of total transaction, the commercial bank has occupied 71.29 per cent, manufacturing sector has covered 2.73 per cent, hotel sector has covered 2.08 per cent, trading sector has occupied 0.05, insurance sector has covered 1.36 per cent. Similarly the finance sector has covered 20.18 per cent and development bank has 2.10 per cent. The other sector has covered less than one per cent.

In terms of transaction, the Lumbini Finance Company has the heighest transaction. the Lumbini Finance had 68 transaction each day. In terms of number of transaction of shares, the Bank of Kathmandu (BoK) is ahead of other. A total of 7491 shares amounting to Rs 20,64,438 were traded.

According to the NEPSE, the companies that remained open for four days were the Standard Chartered Bank, (Rs 1590-1562), Nepal Bank Ltd. (Rs 545-535), the Everest Bank Ltd (Rs 460- 455), the Bank of Kathmandu (Rs 275-276) the Nepal Bikash Bank (Rs 166-165), and the Nepal Merchant and Company (Rs 223-221).

Other companies that remained open for three days were Himalayan Bank, Oriental Hotels Ltd, Nepal Share Market, Kathmandu Finance Ltd, Lumbini Finance, Siddhartha Finance and Sagarmatha Insurance Company.

The compnaies that remained open for only one day were the Salt Trading, the Nepal Investment Bank Ltd., the Rastriya Bima Sansthan, the National Life and Insurance, the Annpurna Finance, the Mahalaxmi Finance the Alliance Insurance and the Peoples Finance.

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