Commercial banks rule the stock market

Commercial banks rule the stock market

Of the top five companies that saw the highest trading at the stock market, four are commercial banks and the one is insurance company. The five-day trading this week, Citizens Bank International's promoter share topped the chart of largest turnover with Rs 158.34 million, followed by Kumari Bank (Rs 125.57 million), Nepal Bangladesh Bank (Rs 98.03 million), Agriculture Development Bank (Rs 81.14 million) and National Life Insurance (Rs 79.63 million). Likewise, Nabil Balance Fund topped the list in terms of highest units of shares traded with 334,344 units, whereas Agricultural Development Bank topped the chart in terms of number of transactions with 923. The stock market, but gained 9 points to close the market at 772.59 points from the opening of 763.76 points on Sunday morning. The total turnover also increased by 13.36 per cent compared to a week ago with 3,488,910 units of shares of 130 companies worth Rs 1.64 billion traded through 19,776 transactions. A week ago the stock market witnessed Rs 1.45 billion worth trading. Among the sub-groups, insurance sub group gained the highest followed by hotel, hydropower, development bank, others, commercial Banks and finance companies sub groups.
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