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Nepse down 2.58 points

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KATHMANDU, Sept 13: The Nepal Stock Exchange (Nepse) index went down 2.58 points this week. The benchmark index, which opened at 552.07 points on Sunday, closed at 549.50 points on Thursday - the last trading day of the week.



Commenting on the marginal drop of Nepse index, Anjan Raj Poudyal, former president of Stock Brokers´ Association Nepal, has remained more or less stable over the past weeks.



 “Majority of investors are busy booking dividends and returns as companies have already announced benefits for fiscal year 2012/13,” Poudyal said. He predicted that that the benchmark index will remain in the similar mode before Dashain and Tihar festival.[break]



According to Nepse, a total of 2.52 million units of shares of 139 companies worth Rs 972 million were traded through 1,1643 transactions this week. Last week, shares worth Rs 2.97 billion had exchanged hands through 9,400 transactions.



The Insurance group was the largest gainer this week, as its sub-index gained 36.25 points to settle at 1,272.95 points. Likewise, the sub-indices of Hydropower and Development Bank group went up by 12.70 and 3.82 points, respectively, to close at 1317.69 points and 280.77 points. The Hotel and Finance sub-indices also move into the green zone, gaining 3.21 and 0.05 points to settle at 676.85 and 265.10 points, respectively.



However, the sub-indices of Commercial Bank and Others groups shed 6.07 and 5.87 points to close the week´s trading at 529.72 and 663.81 points, respectively.



The sub-index of manufacturing groups remained unchanged.



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