Nepse drops marginally

This week, Nepse lost 2.77 points to slip to 656.06 points from last week's closing of 658.83 points. In terms of market capitalisation also, it lost Rs 1,518.69 million to drop to Rs 3,59,865.32 million from last week's closing market capitalisation of Rs 3,61,384.01 million.
The share market was on a roll last week with the Nepse index gaining 49.38 points to close at 658.83 points. However, this week it could not continue the same pace and recorded marginal gain.
Though the sole secondary market opened in the red on Sunday losing a whopping 20.32 points and further dropping to 636.31 points on Monday, on the other three days it witnessed growth. On Tuesday, Nepse gained 0.39 points to rise to 636.70 points. On Wednesday, it upped by 4.94 points to reach 641.64 points. On Thursday, the last day of trading in the domestic secondary market, Nepse gained 14.42 points to close at 656.06 points.
The transaction amount also increased this week by 36.62 per cent to go up to Rs 273.08 million against last week's Rs 199.88 million. The 78 listed companies saw their shares traded this week.
However, the sensitive index -- a barometer of Group-A companies -- lost by 0.94 point to drop to 168.45 points from last week's closing of 169.39 points. Similarly, the float index -- calculated on the basis of real transactions -- lost 2.45 points to drop to 61.59 points from last week's closing of 64.04 points.
Insurance companies group's investors lost heavily this week as the group lost a whopping 63.24 points to drop to 652.92 points from last week's closing of 715.16 points.
All other market propellers except commercial banks group lost this week also. The commercial banks group gained 2.03 points this week to reach 619.49 points from last week's closing of 617.46 points. However, development bank and finance companies lost this week.
The development banks group lost 12.56 points to dip to 975.34 points while the finance company group lost 16.50 points to drop to 857.28 points. The hydropower group lost 18.72 points to drop to 821.29 points.
This week's top performers were Standard Chartered Bank (with Rs 22 million), Bank of Kathmandu (with Rs 20.43 million), Nepal Development and Employment Promotion Bank (with 19.96 million), Nepal Credit and Commerce Bank (with Rs 19.56 million) and International Leasing and Finance (with Rs 12.59 million).
In terms of share units traded also, NCC Bank topped the chart with 64,000-unit shares this week whereas in terms of number of transactions Nepal Development and Employment Promotion Bank topped the chart with 809 transactions.