Weekly share update : Bears hug bourse The poor performance of the banking sector — continued since past two weeks — resulted in a fall of Nepse index this week too as the index tumbled by 3.67 points. The trading at the country’s sole secondary market began at 375.64 points on Sunday and closed at 371.97 points on Thursday, the last day of the trading under a regular lot. The Nepse index had suffered heavily last week, when it recorded one of the highest falls of 13.76 points. The leading scrip commercial banks group and the development banks group are the main losers this week, which led to an overall decline in the index, despite a steady growth by some other groups. According to Nepse, a total of 1,389,868 units of shares valued at Rs 101,998,711 were traded through 1,402 transactions during the week. Last week, a total of 1,307,521 units of shares changed hands generating a Rs 1,39,357,096 from 1,413 transactions. Out of the 71 listed companies, only 61 companies saw their transaction this week. The weekly trading report shows that the index of the commercial banks group, which is the largest scrip by volume at Nepse, dropped by 6.18 points, against last week’s heavy loss of over 21 points. The index of the group that opened at 429.27 points on Sunday plunged to 423.09 points on the closing day. Similarly, the development banks group also suffered a heavy loss this week, as its index plunged by about 11 points to land at 267.99 points on Thursday. Earlier the group began the trading with its index at 278.86 points on Sunday. But on other hand, the hotel and the finance groups maintained steady growth, as their indices closed at 181.14 points and 255.27 points respectively. The hotel group’s trading began at 180.57 points on Sunday, while the finance group opened at 253.66 points. The insurance group bounced back this week registering a healthy growth of 7.55 points. The index of the group reached 360.10 points from the opening 352.55 points on Sunday. The group had lost marginally last week. The manufacturing, the other and the trading groups, meanwhile, saw no changes in their indices and remained constant at 292.34 points, 363.69 points and 148.11 points respectively throughout the week. Of the total transactions, the commercial banks group dominated the Nepse floor by capturing a huge share. The group cornered 91.53 per cent share, while finance group captured 6.22 per cent of the total transaction, and the development bank group only 1.03 per cent. The insurance group was able to capture 0.81 per cent, and the manufacturing group had a 0.23 per cent share. In terms of the maximum number of transactions, Siddhartha Bank topped the race with 352 transactions, while Bank of Kathmandu outshone others to in number of share units and value traded for the week. A total of 22,110 share units of the bank were traded at 18,197,821 at the Nepse floor. The floor remained open for five days, where the shares of Nabil Bank, Nepal Investment Bank, Standard Chartered Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Kumari Bank, Siddhartha Bank, Life Insurance Corporation and Nepal Merchant Banking and Savings were traded throughout the week.