With the fall in the indices of most of the listed groups that saw trading, NEPSE dipped for the second consecutive week by 11.54 points to settle at 463.45 points. Last week, none of the sectors posted gain resulting in decline of the NEPSE index. The market suffered a loss of 5.99 points that week. Although the secondary market witnessed a decline in number of companies on the trading floor, the number of shares traded and market turnover went up by 38.42 percent and 12.93 percent, respectively. Last week, the market witnessed the presence of just 90 companies in contrast to 103 companies the previous week.
The secondary market registered a turnover of Rs. 143.61 million against Rs. 127.17 million the previous week. Also, the stock market witnessed the trading of 428,700 shares through 5,158 transactions against 309,700 shares through 4581 transaction the previous week.
Last week, commercial banks lost 14.39 points, followed by insurance companies, others and hydropower companies with a fall of 10.86 points, 10.57 points and 8.35 points, respectively.
Sectors including development banks, finance companies and hotels shed 8.03 points, 5.26 points and 1.14 points, respectively. However, the manufacturing-processing and trading groups did not saw any change in their index.
Nepal Bangladesh Bank topped the stock market in terms of total turnover as well as number of shares traded with a turnover of Rs. 25.19 million through the trading of 104,000 shares. On the other hand, Asian Life Insurance Company saw the highest number of transactions, with 1249 in the kitty.
