KATHMANDU, Aug 5: Nepal Stock Exchange (Nepse) declined 36.64 points last week as a continuation of low confidence of investors since Nepal Rastra Bank (NRB) introduced its monetary policy for this fiscal year.
In the past two weeks since monetary policy was unveiled, the secondary market has been performing poorly, while daily turnover even started to fall below Rs 2 billion. In the previous week, the index declined around 38 points.
Last week, the secondary market opened at 2,126.48 points on Sunday while it closed at 2,089.84 points on Thursday. During the period, the index went as high as 2,138.68 points and as low as 2,062.59 points, taking the market to the volatility of 76.09 points.
Nepse fell 19.2 points, while total turnover drops around 45 pc...
The market started the week on a negative note, declining by a notable 26.14 points on Sunday. On the following day, the market index increased by a marginal 5.84 points.
But on Tuesday, the market again dropped 28.59 points. On Wednesday and Thursday, the market increased slightly by 9.25 points and three points, respectively.
The total turnover amount declined heavily to Rs 9.869 billion from Rs 16.879 billion in the previous week. This shows a fall of around 42 percent in the transaction value.
The average daily turnover amount declined to Rs 1.973 billion, almost half of Rs 3.375 billion during the review period.
The market capitalization further declined to Rs 3.071 trillion from Rs 3.124 trillion. As a result, the investors lost Rs 53 billion from their investment portfolio in the share market during the review period. In the past two weeks, investors had lost Rs 108 billion in total from their share transactions.
