KATHMANDU, March 1: Nepal Stock Exchange (NEPSE) last week surged 71.30 points after investors were attracted to purchase the shares of companies with high market values.
In the four-day trading period, the market opened at 2,743.74 points on Sunday and closed at 2,815.04 points on Thursday. The stock exchange was closed on Wednesday due to a public holiday to mark the Hindu festival of Maha Shivaratri.
The secondary market, on Sunday, gained 11.67 points, followed by a marginal gain of 3.35 points on Monday. On Tuesday, the NEPSE index rose 7.13 points, while it escalated by a whopping 49.24 points on Thursday to close for the week.
Eight groups were the gainers, with the ‘others’ index rising by the largest of 10.51 percent, followed by manufacturing and processing with 7.01 percent and investment with 4.43 percent gain. Out of the five losers, the trading group lost the highest of 2.91 percent of its market value.
Among individual companies, Guardian Micro Life Insurance, by adding 46.40 percent, was the topmost gainer. Dordi Khola Hydropower Company lost the largest of 36.67 percent of its market value. Himalayan Reinsurance Limited had the highest turnover of its shares worth Rs 3.84 billion.
The total turnover amount increased by 13.87 percent to Rs 43.93 billion. The average daily turnover also inclined to Rs 10.98 billion from Rs 9.64 billion.
The market capitalization increased to Rs 4.674 trillion from Rs 4.554 trillion, which ensured the investors with capital gains of Rs 120 billion in their investment portfolio in the review period. In the previous week, the investors secured capital gains of Rs 108 billion from shares trading.