The bearish trend continued in the Nepali capital market and Nepal Stock Exchange (Nepse) index dipped by 27.79 points to drop to 534.32 points this week.
Nepse is in a bearish trend since September. The trading floor opened at 562.11 points on Sunday.
Shares of 91 companies were traded this week -from November 20 to 26 -worth Rs 276.8 million.
Around 5,62,000 unit shares were traded in 4,910 transactions during the period. The transaction amount was 3 per cent lower than last week. Shares equal to Rs 268.7 million were traded last week in 4,521 transactions of 7,77,800 share units.
Commercial banks were the biggest losers this week.
The Nepse index of the group lost 36.67 points while development banks lost 34.46 points. Nepse's sensitive index, which measures the performance of class `A' companies, went down by 9.16 points and dropped to 131.53 points this week. The float index also dipped by 2.58 points. Phewa Finance Ltd ranked top in Nepali capital market in amount and unit shares transactions.
Total 1,64,000 unit shares traded on the Nepse trading floor which equalled Rs 37.87 million. Prime Commercial Bank Ltd ranked top in transactions (817).
Top five trading companies of this week -- from November 20 to 26 -- were Phewa Finance (Rs 37.87 million), Bank of Kathmandu (Rs 27.99 million), Prime Commercial Bank (Rs 23.49 million), Nepal SBI Bank (Rs 16.98 million) and Standard Chartard Bank (Rs 13.79 million).
Rights shares of three financial institutions were listed at Nepse this week. The list includes 7,50,000 unit shares of Sagarmatha Merchant Finance, 4,19,098 unit shares of Premier Finance and 6,00,000 unit shares of Excel Development Bank.
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