NEPSE index plummets 37.78 points over the week, Index rests at 1,580.03 pts


Kathmandu: Nepal Stock Exchange (NEPSE) index has posted a double-digit fall over the week. The NEPSE index dropped by 37.78 points to close at 1,580.03 points over the week compared to the last week.

However, the transaction amount increased by 7.4 per cent to Rs. 3.56 billion over the week compared to the last week’s transaction.

A total of 180 companies traded their 7.58 million shares in 39,091 transactions to make a turnover of Rs.3.56 billion over the week, according to NEPSE report.

Last week, NEPSE traded 1.48 billion shares in 40,183 transactions made a turnover of Rs. 3.31 billion.

The sensitive index, which measured the transaction of group ‘A’ companies, also recorded fall of 8.62 points to close at 331.32 points over the week.

Sub-indices of all groups except manufacturing group decreased significantly this week.

The sub-indices of insurance group dropped with highest points of 332.93 points to close at 8,854.74 points.

Likewise, the sub-indices of hotel, commercial bank and  hydropower group went down by 45.65 points, 39.25 points and 34.45 points to stand at 2,380.43 points, 1,362.35 points and 1,825.59 points respectively.

Sub-indices of finance, development bank and other group declined by 26.03 points, 9.44 points and 8.1 points respectively.

However, the sub-indices of manufacturing group made a double-digit growth of 71.09 points to close at 2,665 points.

There was no saw the transaction of trading group over the week.

According to NEPSE report, Chhimek Laghubitta Bikas Bank occupied first position in terms of total turnover (Rs. 184.2 million) and NIC Asia Bank secured first position in terms of number of share transaction (326,000 shares).

Likewise, Himalayan Power Partner Limited secured first position in terms of transaction numbers (7,878 times).

The other companies that stood second, third, fourth and fifth position in terms of total turnover are NIC Asia Bank ( Rs. 147.66 million), Nepal Life Insurance Company Limited (Rs. 141.81 points), Nabil Bank (Rs. 135.41 million) and Prime Life Insurance Company (Rs. 105.94 million) respectively.