KATHMANDU, Dec 10: Nepal Stock Exchange (Nepse) lost a notable 43.78 points and shares investors lost Rs 59 billion from the secondary market last week.
The market opened at 1,961.06 points on Sunday and closed at 1,917.28 points on Wednesday. The market failed to revive as Nepal Rastra Bank’s policy still appears ineffective to reduce interest rates, according to the stockbrokers.
The investors kept some hope on getting some cushion through the reduced interest rate with the central bank enforced the revised monetary policy two weeks ago. As a result, the market gained 27.51 points the previous week.
Over the period last week, the market index went as high as 1,973.39 points and as low as 1,916.77 points. This shows the market volatility of 56.62 points.
On Sunday, the market increased marginally by 2.16 points. In four trading days, the market went to a downward graph on the rest of the trading days.
On Monday, the market lost 24.46 points. On Tuesday and Wednesday, the Nepse index declined 4.87 points and 16.61 points, respectively.
Out of 13 trading groups, except hotels and tourism, the remaining 12 sub-groups lost in their average market prices. Total turnover also shrunk to Rs 5.852 billion from Rs 6.642 billion in the previous week. The average daily turnover, however, increased to Rs 3.010 billion from Rs 2.408 billion. Market capitalization declined from Rs 2.820 trillion to Rs 2.761 trillion.
In individual companies, Sanima Bank Ltd Promoter share Himalayan Distillery had the largest transaction of its shares worth Rs 670.29 million. Sanima Bank was the top loser, while Dhaulagiri Laghubitta Bittiya Sanstha gained the highest percent in its share price.