KATHMANDU, June 8: Nepal Stock Exchange (NEPSE) added 8.25 points last week as investors were in a wait and watch situation expecting the central bank to endorse flexible monetary policy after the annual budget failed to launch programs to boost the country’s share market.
The market opened at 2,069.53 points on Sunday and closed at 2,077.78 points on Thursday. The index went as high as 2,095.98 points while it plunged to as low as 2,072.75 points, witnessing volatility of 23.23 points.
In the review period, the market index declined for three days, while it inched up for two days. The market started the week with a notable increase of 13.51 points on Sunday. The index however declined 3.97 points on Monday. On Tuesday, the market recovered 6.22 points, followed by successive falls of 5.58 points and 1.93 points, respectively.
Nepse gained 8 points while share investors received benefits o...
Out of the seven gaining groups, microfinance added the largest of 298.44 points in its index, while trading added 285.75 points. Of the six losers, manufacturing and processing shed the highest of 194.65 points (2.88 percent).
Among individual companies, NRN Infrastructure and Development Limited held the largest transaction of its shares worth Rs 751.17 million. Bhagawati Hydropower Development Company Limited gained the highest of 30.98 percent (258.70 points), while NIBL Stable Fund’s market price decreased by the highest of 14.70 percent.
The total turnover amount increased to Rs 20.78 billion from Rs 17.12 billion in the previous week. The average daily turnover however dropped to Rs 4.15 billion from Rs 4.28 billion.
The market capitalization inclined to Rs 3.294 trillion from Rs 3.281 trillion in the review week. It helped the share investors add Rs 13 billion in their portfolio. In the previous week, investors lost Rs 98 billion from the shares market.
