KATHMANDU, Sept 17: Nepal Stock Exchange (Nepse) lost 27.36 points while the market value of shares declined 1.24 percent last week.
According to the Nepse, the secondary market opened at 1,937.74 points on Sunday and closed at 1,910.38 points on Friday. The index went as high as 1,989.85 points whereas it fell to as low as 1,886.91 points during the review period.
Nepse nosedived 92.78 points, while investors lost Rs 134 billi...
On the first day of last week, the market fell 11.46 points, followed by a shrink of 13.54 points on Monday. The index surged 21.30 points and 47.44 points on Tuesday and Wednesday, respectively, after the investors rushed to purchase shares after the market index came nearer to 1,900 points.
However, the investors’ sentiments were adversely affected after the banks started to increase their interest rates. As a result, the index fell by 57 points and 14.1 points, respectively, in the last two trading days of the week.
The total turnover surged 38.59 percent to Rs 5.04 billion. The average daily turnover increased from Rs 1 billion to Rs 1.16 billion.
In the last week’s trading, investors lost Rs 35 billion in the book value of their shares, after market capitalization fell to Rs 2.744 trillion from Rs 2.779 trillion. Ridi Power Company Limited had the biggest transaction of its shares worth Rs 307.87 million. Sunrise First Mutual Fund was the top loser while Bottlers Nepal Limited gained the highest percent of its share price.
