NEPSE Lost 4.45 points
The Nepal Stock Exchange (NEPSE) lost 4.45 points to settle at 530.96 points this week. NEPSE witnessed negative growth for the four consecutive days. However, on Thursday the index witnessed a growth of 0.15 points.
Fall in the NEPSE points has been attributed to the cash crunch witnessed in the banks. Following the bearish trends of previous weeks the NEPSE index opened at 535.41 points on Sunday and closed at 530.96 points on Thursday.
The Hydropower group was only the biggest gainer on this week trading. Hydropower index went up gaining 6.77 points. While, commercial banks, development banks, finance companies, trade and insurance firms lost 5.07, 0.08, 13.43, 4.97 and 2.20 points, respectively.
NEPSE trading floor saw transaction worth Rs.156.54 million from 4,046 trading of 3,13,800 units of shares of 91 companies.
The transaction amount was 11.23 per cent less than the previous week’s Rs 176.38 million. This week, the Class ‘A’ companies made 39.42 percent of the total transaction. The transaction amount stood at Rs.61.7 million.
This week, the Standard Chartered Bank and Sunrise Bank topped in transaction amount with Rs 15.51 million each followed by Vibhor Development Bank (Rs 14.16 million), Bank of Asia Nepal (Rs 13.04 million) and Nepal Telecom (Rs 10.68 million).
Rights and bonus shares of four companies were listed at NEPSE this week. Rights shares of Business Development Bank (5.55 million units) and Lord Buddha Financial Institution (3,75,000 units) and bonus shares of Everest Bank Ltd (1.91 million units) and Bank of Kathmandu (3.37 million units) were issued this week.
