Weekly share update: Nepse index moves up Kathmandu, October 1: Share prices of commercial banks and other groups improved this week, which in turn helped stock trading at the country’s sole secondary market, Nepal Stock Exchange (Nepse) to grow by 2.09 points. According to Nepse, the index opened at 294.89 points on Sunday, and went up to 296.98 points on Thursday, the last day for share transactions under the regular lot. The Nepse index had registered an increment of 1.45 points last week. According to group-wise analysis, commercial banks continued on growth track, while the other group jumped up from the static position over last couple of weeks. But the remaining groups lost ground, except the hotel group that remained constant. Along with growth maintained by Nepse, the weekly total transaction value also increased and stood at Rs 35,446,590 from 2,789 transactions of 104,654 share units. Last week’s total trading value was of Rs 30,303,606 through 2,387 transactions of 161,752 shares. Of the listed 75 companies for share trading, 69 companies saw their transactions this week. The commercial banks group, the largest scrip by volume at the Nepse floor, posted a growth of 2.50 points this week. The group’s index that opened at 314.17 points on Sunday went up to 316.67 points on the closing day. The group had gained some points last week, too. The other group, which had remained constant last week, came back with a remarkable growth of 13.97 points. The group’s index jumped up to 336.36 points on the closing day from the opening 322.39 points. However, manufacturing and the finance groups lost this week with their respective indices closing down at 305.01 points and 229.30 points on Thursday. Earlier these groups opened at 305.43 points and 229.56 points, respectively on Sunday. Continuing the trend, the insurance group posted a growth of 3.54 points, as its index climbed up to 324.26 points from the opening 320.82 points. The group had posted a marginal growth last week. Both groups had gained ground last week. Among the losers, the trading group had a heavy loss of over five points. The group’s index landed at 129.55 points on Thursday from the opening 135.11 points on Sunday. Likewise, the insurance and the development banks are also losers with their index falling to 322.72 points and 216.30 points, respectively. Earlier, the insurance group had opened at 323.87 points, whereas the development bank’s group started at 220.28 points on Sunday. Of the listed eight groups, commercial banks group continued its domination by capturing the largest chunk of share at Nepse. It captured 81.13 per cent of the total share. The finance group came in behind, accounting for 10.46 per cent. The insurance group had 5.76 per cent, while the trading group contributed 2.05 per cent. The development bank group followed with a share of 0.50 per cent, while the manufacturing group had a share of 0.03 per cent, hotel group at 0.04 per cent and the other group had 0.01 per cent. Birgunj Finance Ltd topped all the companies in terms of number of transactions of its shares. A total of 11,400 shares of the company were traded through 644 transactions. But NIC Bank topped in terms of monetary value shares worth Rs 4,316,570 traded for the week. The floor remained open for five working days, where shares of Nepal Investment Bank, Standard Chartered Bank, Himalayan Bank, Nepal SBI Bank, Nepal Bangladesh Bank, Everest Bank, Bank of Kathmandu, NIC Bank, Laxmi Bank, Kumari Bank, Lumbini Bank, NCC Bank, Life Insurance Corp, Nepal Life Insurance Company, Credit Development Bank and Birgunj Finance were traded.