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Sensex registers growth

Author: Rishi Singh Category: Mountain July 2, 2005 Everest, Nepal

Himalayan News ServiceKathmandu, July 2: Due to improvement in share prices of commercial banks, the stock trading at Nepal Stock Exchange (Nepse) has posted a growth for second straight week and reco

Sensex registers growth Himalayan News Service Due to improvement in share prices of commercial banks, the stock trading at Nepal Stock Exchange (Nepse) has posted a growth for second straight week and recorded a 0.33 point growth. According to data, the Nepse index that has opened at 280.82 points on Sunday closed up at 281.15 on Friday, the last day for share transactions under the regular lot. The share trading had recorded a growth of 3.23 points last week. The commercial banks group continued to post growth while the manufacturing, insurance, finance and development banks groups registered a marginal growth. The hotel group was a sole loser, while the trading and the other groups remained constant. The total weekly transaction value also increased this week and stood at Rs 41,497,608 from 1,972 transactions of 123,344 share units. However, the last week’s total trading value was Rs 32,409,827 through 1,346 transactions of 98,786 shares. Out of 79 listed companies for share trading, 73 companies saw their transaction this week. The commercial banks group, the largest script by the volume at the Nepse floor, retained its growth track, as its index posted a growth of 0.64 point. The group, which had gained over five points last week, opened at 297.99 points and closed up at 298.63 points. Likewise, the manufacturing, the insurance, the finance and the development bank groups saw marginal growth as their indices climbed up to 276.45 points, 311.23 points, 227.62 points and 235.21 points respectively. Earlier these groups were opened at 276.29 points, 310.60 points, 227.51 points and 234.39 points respectively. The other group and the trading group, however, remained constant at 329.28 points and 122.94 points respectively. The hotel group is a sole loser this week, as its index declined by 1.92 points to land at 177.23 points. Out of the eight groups, the commercial banks group continued to dominate the floor in terms of volume of transactions. It captured 78.48 per cent of the total trading. The insurance group came in behind, accounting for 8.43 per cent while the finance group cornered 5.31 per cent, and the development banks group contributed 3.79 per cent. Paschimanchal Development Bank Ltd topped in terms of number of transaction with 563 transactions this week. United Insurance Company Ltd came ahead in terms of the number of shares, with its 14,630 units being transacted. Himalayan Bank Ltd stood first in terms of traded value with Rs 6,622,021. The floor remained open for five working days, where the shares of Nepal Investment Bank, Nepal SBI Bank, Everest Bank Ltd, Bank of Kathmandu, NIC Bank Ltd, Kumari Bank Ltd, Lumbini Bank Ltd, Laxmi Bank Ltd, United Insurance Company Ltd, Annapurna Finance, Life Insurance Company and Credit Development Bank were traded.

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