Commercial banks push Nepse up

The commercial banks -- a key player in the secondary market -- again pushed the Nepse up by 2.58 points to 630.55 points from the Sunday morning's 627.97 points.
However, of the nine sub-groups -- two sub-groups manufacturing and hotels -- like last week did not see any transaction. The week started in the green and continued till the fourth day as the secondary market was opened for the four days only this week.
This week, Standard Chartered bank Nepal topped the chart in terms of transaction amount as its shares were traded at Rs 70.40 million. Paschmanchal Bikas Bank followed with Rs 27.56 million, and Laxmi Bank (with Rs 18.88 million), Nepal Bangladesh Bank (with Rs 15.41 million) and Nepal SBI Bank (with Rs 12.95 million) managed to come in the top five slot, respectively.
In terms of number of share units traded, Pashimanchal Bikas Bank topped the chart with 77,000-unit shares changing hands while in terms of number of transactions Lumbini General Insurance topped the chart with 311 transactions.
The transaction amount decreased by 42.84 per cent to Rs 254.31 million against last week's 9.46 percent loss to Rs 438.11 million.
However, Group-A companies' contribution increase to 60.42 per cent to Rs 151.3 against last week's 48.75 per cent whereas the 78-scrip sensitive index -- a barometer of Group-A companies -- gained 1.28 points to 161.80 points from Sunday's 160.52 points. The float index -- calculated on the basis of real transactions -- also rose by a mere 0.27 point to 59.97 points.