KATHMANDU, Dec 30: Nepal Stock Exchange (NEPSE) declined 40.2 points last week, despite the banks reducing their interest rates as they turned flexible to providing margin lending.
After Nepal Rastra Bank reviewed the monetary policy taking soft measures in the stock exchange and real estate, the market gained 141.83 points and 114.50 points, respectively in the previous two weeks. Likewise, the daily turnover had jumped to as high as Rs 7.64 billion.
The secondary market remained open for three days last week with the government declaring public holidays on Monday and Tuesday to mark Christmas and Udhauli Parva, respectively. The market opened at 2,109.10 points on Sunday and closed at 2,068.90 points on Thursday.
Investors lost Rs 93 billion at the shares market last week
During the review period, the market went as high as 2,132.64 points while it plunged to as low as 2,055.77 points, witnessing a volatility of 76.87 points.
The market went to the downtrend throughout the trading days. It started the week with a decline of 25.28 points on Sunday, while the index further fell 17.23 points and 1.93 points on the two successive trading days.
The total turnover amount stood at Rs 16.64 billion. The average daily turnover slid to Rs 5.54 billion from Rs 6.258 billion in the review period.
Out of the 13 groups, ‘trading’ lost the largest of 7.13 percent of its market value. Hydropower, which shed 0.20 percent, was the lowest loser.
The market capitalization also decreased to Rs 3.213 trillion from Rs 3.265 trillion in the previous week. It made the shares investors lose Rs 52 billion in their portfolios.
