KATHMANDU, Oct 7: Nepal Stock Exchange (Nepse) lost 47.38 points last week after Nepal Rastra Bank (NRB) failed to timely introduce proper measures to address the share market as per the expectation of the investors.
The opened at 2,004.30 points on Sunday and closed at 1,956.92 points on Thursday. During the review period, the market plunged to as low as 1,954.76 points and as high as 1,982.52 points, witnessing a volatility of 27.76 points.
The market started the week with a double-digit fall of 33.20 points on Sunday. On Monday, the index inclined marginally by 5.19 points, which was followed by a drop of 17.56 points on Tuesday. On Wednesday, index however inched up 9.24 points and on Thursday, it fell 11.04 points to close for the week.
Nepse slid 75.63 points last week; average daily turnover plung...
Along with a fall in the market index, the total turnover amount also declined to Rs 7.050 billion from Rs 7.800 billion in the previous week. This shows that the transaction volume decreased 9.61 percent.
The average daily turnover amount also declined Rs 1.41 billion from Rs 1.950 billion during the review period.
All the 13 trading groups had their market values declined. Life insurance lost the biggest of 298.44 points, followed by non-life insurance, hotels and tourism, and manufacturing and processing that lost three-digit points.
Among the individual companies, Asian Hydropower Limited shed 15.37 percent of its share price and was the topmost loser. Sayapatri Hydropower Limited, with an addition to its market price by 19.74 percent, was the biggest gainer.
The market capitalization declined 1.80 percent in the review week. The total worth of scrip declined to Rs 2.983 trillion from Rs 3.038 trillion, making investors face a decline of Rs 55 billion in their stocks’ market values. In the previous week too, investors lost Rs 21 billion from their investment portfolio.
