KATHMANDU, May 13: Nepal Stock Exchange (Nepse) last week shed 31.14 points amid the uncertainty over Nepal Rastra Bank revising the monetary policy through the third-quarterly review.
The secondary market opened at 1,869.73 points on Sunday and closed at 1,838.59 points on Thursday. During this period, the market rose to as high as 1,872.22 points and as low as 1,825.83 points, resulting in a volatility of 37.68 points in the share market.
On Sunday, the first trading day, the market plunged 19.12 points. The downswing continued also on Monday, when the market dropped 16.93 points. On Tuesday, the market however gained 10.66 points, followed by a fall of 2.43 points and 3.34 points, respectively, on the consecutive two trading days.
Nepse fell 36.15 points while investors lost Rs 51 billion last...
Out of the total 13 trading groups, only manufacturing and processing and mutual funds gained in their market value during the review period. Non-life insurance and hotels and tourism lost the three-digit value in their market prices.
The total turnover amount was recorded at Rs 3.375 billion, an increase from Rs 2.999 billion in the previous week. The daily turnover amount declined to Rs 675 million from Rs 749.75 million.
Among individual companies, Shivam Cements had a transaction of its shares worth Rs 165.63 million, the biggest of all. The share price of Himal Dolakha Hydropower Company dropped 20 percent and stood on top in the list, while Aatmanirbhar Laghubitta Bittiya Sanstha Limited gained the highest percent of its market price.
The market capitalization declined further to Rs 2.682 trillion from Rs 2.724 trillion, which made the investors face a loss of Rs 42 billion in their investment portfolio. In the past three weeks, investors lost a total of Rs 89 billion from the share market.
