Capital market posts double-digit growth, turnover limit at Rs. 2.92 billion over the week

Kathmandu: Nepal Stock Exchange (NEPSE) index has posted a double-digit growth over the week.

The NEPSE index grew by 28.33 points to close at 1,489.06 points over the week compared to last week.

Likewise, the transaction amount has also increased by 15.6 per cent to Rs. 2.92 billion over the week compared to last week’s transaction.

A total of 180 companies traded their 6.82 million shares in 29,330 transactions to make a turnover of Rs. 2.92 billion over the week, according to NEPSE report.

Last week, NEPSE traded 6.5 million shares in 29,013 transactions made a turnover of Rs. 2.52 billion.

The sensitive index, which measured the transaction of group ‘A’ companies, also recorded a growth of 6.33 points to close at 313.12 points over the week.

Sub-indices hydropower, insurance and manufacturing group increased by 92.12 points, 73.18 points and 70.91 points to close at 1,873.17 points, 8,047.69 points and 2,470.24 points respectively.

Likewise, the sub-indices of commercial bank, development bank, finance and other group posted a growth of 23.81 points, 7.34 points, 0.89 points and 31.81 points to close at 1,270.7 points, 1,749.98 points, 755.68 points and 841.6 points respectively.

However, the sub-indices of hotel, and trading group went down by 33.8 points and 7.18 points to close at 2,141.22 points and 214.95 points respectively.

According to NEPSE report, Chilime Hydropower Company Limited occupied first position in terms of total turnover (Rs. 161.9 million) and Prabhu Bank Limited secured first position in terms of number of share transaction (698,000 shares).

Likewise, Nepal Gramin Bikas Bank occupied first position in terms of transaction numbers (1,609 times).

The other companies that stood second, third, fourth and fifth position in terms of total turnover are Prabhu Bank Limited ( Rs. 126.28 million), Gurans Life Insurance Company Limited (Rs. 112.43 million), Standard Chartered Bank (Rs. 107.6 million) and Nepal Doorsanchar Company (Rs. 93.85 million) respectively.