Kathmandu, Oct 19 : Share trading that opened after long Dashain festival holidays closed the week in fluctuation and on a disappointing note.
The domestic share market, Nepal Stock Exchange (Nepse), continued the bearish trend as of the last week of the first quarter of the current fiscal year.
Shares of a total 160 companies were traded this week. Total 3 million 287 thousand 966 units of share were traded for Rs 807 million 556 thousand 612. The share market remained closed on Sunday as the government declared a public holiday in view of the state visit of Chinese President Xi Jinping.
The market that opened from Monday till Thursday, however, could not catch the upward trend although it was expected to pick up.
On Monday, Nepse index saw a two-digit slide. Nepse index dropped 12.05 points to close at 136.96 points. Eight hundred thirty three thousand753 unit shares worth Rs 218 million 635 thousand 691 of a total 154 companies were traded.
Nepse index increased by moderate points on Tuesday. Nepse gained 3.62 points to touch 1,140.58 points. Seven hundred nineteen thousand 330 unit shares worth Rs 209 million 206 thousand 631 of total 150 companies were traded on Tuesday.
On Wednesday, the Nepse index suffered a five-point fall to close at 1137.03 points. According to the Stock, the total turnover was Rs 196,618,936 with the trading of 736,883 units of share of a total 159 companies.
Thursday or the closing day of week, the domestic share market witnessed a slight rise (0.71 points) with the Nepse index hitting at 1137.75 points. On that day, 998,000 units of share worth Rs 182,994,905 of a total 160 companies were traded.
On the basis of market capitalisation, Nepal Doorsanchar Company secured its topmost position. Similarly, the Nabil Bank, Nepal Investment Bank, Standard Chartered Bank, Everest Bank, Himalayan Bank, Nepal Life Insurance Company, NIC Asia Bank, Agricultural Development Bank and NMB Bank are in the top-ten list.
The Nepse has ceased the trading of 82 companies as they did not pay the annual listing fees as per the rules. This number includes 19 micro-finances, three corporates, two hotels, 11 manufacturing and production, 18 development banks, two insurance companies, 11 finances and 13 hydropower companies, among others.
