Market adds more stocks but trading, transaction less
The secondary market has added some 23,58,156 units of bonus shares of Bank of Kathmandu and 10,12,500 units of rights shares of Life Insurance Corporation this week, though the market witnessed some 3.59 million units of stocks trading worth Rs 1.45 billion compared to 5.37 million units worth Rs 2.27 billion a week ago.
Of the four days transaction at the Nepal Stock Exchange (Nepse) – due to a public holiday on Monday – the market lost three days and gained only one day to close the market at 763.47 points – losing 23.89 points – from the opening of 787.36 points.
Due to the last commercial bank's primary issue -- that is also the biggest worth Rs 920 million -- the market broke the gaining trend of last couple of weeks, and lost this week, though it gained the last day of the week.
Nepal Bangladesh Bank led the market in terms of transaction amount with Rs 132.76 million, and Nabil Balance Fund topped the market with largest unit transaction with 392,542 units, and Mega Bank with 948 trading witnessed the highest number of trading in the week.