Nepse index plunged 15.29 points and shares investors lost Rs 21 billion last week

Nepse index plunged 15.29 points and shares investors lost Rs 21 billion last week
By Republica
Published: December 24, 2022 04:35 PM

In the past three weeks, index went down 95 points while investors lost Rs 121 billion

KATHMANDU, Dec 24: Nepal Stock Exchange (Nepse) declined 15.29 points, while shares investors lost Rs 21 billion from the secondary market last week.

The market opened at 1,882.60 points on Sunday and closed at 1,867.21 points on Thursday. Over the period, the secondary market went as high as 1,883.65 points and fell to as low as 1,849.44 points. The index underwent a fluctuation at the range of 49.26 points.

On Sunday, the market went down by a notable 27.54 points, which took down the investors’ confidence throughout the trading days over the week. On Monday, the market, however, increased slightly by 3.83 points while on Tuesday, the market gained 14.22 points. It was followed by a marginal loss of 5.89 points on Wednesday. The market, with a decline of 0.01 points, remains almost stable on Thursday.

Out of 13 trading groups, only ‘others’ gained 39.17 points and remaining 12 groups lost in their average share prices. Total turnover shrunk to Rs 4.957 billion from Rs 5.166 billion in the previous week. Market capitalization fell from Rs 2.721 trillion to Rs 2.700 trillion.

In individual companies, Nepal Doorsanchar Company had the largest transaction of its shares worth Rs 330.47 million. People’s Hydropower Company was the top loser, while Dhaulagiri Laghubitta Bittiya Sanstha Limited gained the highest percent of its market value.

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