Nepse fell 41.76 points, while share investors lost Rs 60 billion last week

KATHMANDU, April 8: Nepal Stock Exchange (Nepse) last week lost 41.76 points as the secondary market still failed to attract the attention of investors who have been skeptical to inject their money citing the poorly performing economy of the country.

The secondary market opened at 1,908.55 points and closed at 1,866.79 points on Thursday.  During the review period, the market soared as high as 1,928.66 points and as low as 1,856.69 points. Overall, the market witnessed a volatility of 71.97 points.

The market started the week at a positive note with a decline of 20 points. On Monday too, the market dropped a double digit mark of 16.67 points. With losing 5.20 point, the falling pace of Nepse slowed on Tuesday. The market gained a marginal value of 8.39 points on Wednesday, followed by a slight fall of 8.28 points on Thursday to close for the week.

All of the 13 trading groups lost the charm of their market values. Non-life insurance fell the highest of 311.77 points.

The total turnover stood at Rs 4.781 billion, down from Rs 5.831 billion in the previous week. The average daily turnover also fell to 956.34 million from Rs 1.166 billion. Market capitalization shrunk Rs 2.764 trillion to 2.704 trillion. 

Among individual companies, Shivam Cements Limited had the largest transaction of its shares worth Rs 212.81 million. Prabhu Bank Debenture 2087 lost the highest percent of its market price. Likewise, Kalinchowk Darshan Limited was recorded as the topmost gainer.