Developing Credit Bank (with Rs 67.80 million), Standard Chartered Bank Nepal (with Rs 35.09 million), Nepal Bangaldesh Bank (with Rs 31.36 million), NCC Bank (with Rs 29.14 million) and Bank of Kathmandu (with Rs 13.57 million) were the top performers of this week.
Development Credit Bank Ltd (DCBL) topped the chart in terms of share units traded and trading amount with 1,75,000-unit shares changing hands in Rs 67.80 million. However, in terms of number of transactions Kuber Merchant Bittiya Sanstha topped the chart with 500 transactions.
The key players' good performances sent Nepal Stock Exchange (Nepse) up by 6.27 points to 654.05 points from last week's closing of 647.78 points. This week, the surge in Nepse on Tuesday by 7.68 points to 648.57 points and continuous gain by Nepse after Tuesday -- after the Maoist-led government resigned on Monday -- proves that the domestic capital market is a game for few investors, it's not the real mirror of the economy.
Meanwhile, the 78-scrip sensitive index -- considered blue chip shares in the domestic market -- also gained 1.34 points to 173.58 points from last week's closing of 172.24 points. Similarly, the float index -- calculated on the basis of real transactions -- also gained 0.26 point to 63.47 points from last week's closing of 63.21 points.
Though the contribution of the Class-A companies this week dropped to 33.77 per cent, the total transaction -- of 89 companies shares -- increased by 23.94 percent to Rs 293.19 million.
Of the nine subgroups' indices, two -- hotels and trading subgroups -- did not witness any change in their indices as their shares were not traded. Four subgroups -- manufacturing, hydropower companies, insurance and development banks -- lost this week 6.08 points to 432.13 points, 20.86 points to 822.77 points, 48.49 points to 773.44 points and 1,71 points to 635.17 points, respectively.
But other three subgroups gained. The finance companies subgroup surged by 11 points to 743.75 points while commercial banks subgroup gained 8.93 points to 658.49 points and others subgroup gained 17.62 points to 622.70 points. The commercial banks subgroups' transaction contributes to over 45 per cent of the total transactions making it the key player in the secondary market. If all other eight subgroups lose and commercial banks subgroup gains fairly, it can push the total Nepse up. Another gainer subgroup -- finance companies -- has over 26 per cent contribution to the total secondary market transaction.
The week started in the red on Sunday as Nepse lost 5.74 points from last week's closing of 647.78 points. Nepse shed 1.15 points on Monday but rebounded on Tuesday by 7.68 points to 648.57 points. The secondary market witnessed a continuous gain from Tuesday till Thursday -- the last day of trading -- to close at 654.05 points.
The sole secondary -- that traded for five days this week -- also added 7,96,704 bonus shares of Annapurna Finance and Siddhartha Finance.
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