Nepse Shares slide 13 point

KATHMANDU, Aug 24 - The Nepal Stock Exchange (NEPSE), the country’s sole secondary market, went into full correction mode this week. The NEPSE index slipped 13.63 points to 1062.24 points this week from an opening of 1075.87 points. Shares of 82 companies were traded during this week. 4, 88,394 ...

Transaction of companies under the ‘A’ category accounted for 80.01 percent of the week’s trading to total Rs 461.5 million.

Commercial banks’ shares closed down 19.49 points to finish at 1107.65. Similarly, shares of finance companies dropped 14.03 points from the week’s opening of 1198.21 points.

The group index of development banks and hydropower companies slid by 8.57 points and 2.17 points to end at 1479.29 points and 360.15 points respectively.

However, shares of manufacturing companies, hotels and insurance companies closed higher this week.

The index of manufacturing companies and hotels added 15.67 points and 2.68 points respectively to the 426.25 points and 257.47 points that they opened at this week.

The index of insurance companies soared 19.44 points to touch 859.77 points.

The sensitive index, the indicator of trading of the companies under category ‘A’, fell by 4.05 points to end at 283.61 points.

Rs 131.1 million worth of Nepal Investment Bank Ltd’s shares were traded through 391 transactions this week making it the leader in these categories.

Shares of Nepal Credit and Commerce Bank were traded the most this week. The number of shares of the bank exchanged during the week was 50,000.

Companies listed as the top five in terms of transaction amount this week are Nepal Investment Bank, Standard Chartered Bank, Kist Merchant Finance, Bank of Kathmandu and Nepal Industrial and Commercial Bank.