KATHMANDU, May 20: Nepal Stock Exchange (Nepse) last week gained 38.73 points, backed by the banking sector stepping up to lower their interest rates.
The secondary market opened at 1,838.59 on Sunday and closed at 1,877.32 points on Thursday. During this period, the market rose to as high as 1,883 points and as low as 1,807.84 points, resulting in a volatility of 75.16 points in the share market.
On Sunday, the market declined by 16.96 points. On the day, the turnover hit the notable amount of Rs 900.56 million. On Monday too, the market slipped by a marginal 3.34 points.
The market went to a positive note on the remaining three trading days. On Tuesday, the index increased by 3.31 points. On Wednesday and Thursday, the market inclined up 23.39 points and 32.30 points, respectively.
Out of the total 13 groups, only ‘trading’ sub index fell 4.32 points. Of the remaining 12 trading groups, non-life insurance, life insurance, hotels and tourism, microfinance and development banks gained three-digit points in their market value during the review period.
The total turnover amount was recorded at Rs 4.598 billion, up from Rs 3.375 billion in the previous week. The daily turnover amount also increased to Rs 919.60 million from Rs 675.01 million.
Among the individual companies, NIC Asia Bank topped the transaction volume with a turnover of its shares worth Rs 241.45 million. The share price of Aatmanirbhar Laghubitta Bittiya Sanstha Limited gained 55.33 percent of its market shares and stood on top in the list. Mai Khola Hydropower Limited decreased the highest of 13.28 percent of its market price.
The market capitalization increased to Rs 2.738 trillion from Rs 2.682 trillion. As a result, the investors gained Rs 56 billion in their investment portfolio. This gave respite to the investors who suffered cumulative losses of Rs 89 billion from the share market in the previous three weeks.