KATHMANDU, Dec 28: Nepal Stock Exchange (NEPSE) added 33.89 points last week after investors turned to purchase shares of commercial banks that maintained major weight in the share market.
In four-day trading, the market opened at 2,596.82 points on Sunday and closed at 2,630.71 points on Thursday. During the review period, the market rose as high as 2,645.20 points while it fell to as low as 2,569 points, witnessing a volatility of 76.2 points.
The secondary market opened for weekday-trading on Sunday with a decline of 13.53 points. On Monday and Tuesday, the market inclined by 28.91 points and 14.11 points respectively. The market remained closed on Wednesday as the government announced a public holiday to celebrate Christmas. On Thursday, the market gained 4.19 points to close for the week.
Out of the five losing groups, the development bank shed the largest 92.48 points in its market value. Non-life insurance, finance, life insurance and mutual funds were among other losers last week. Among eight gainers, manufacturing and processing posted the largest 106.66 points.
Among the individual companies, Janaki Finance Company Limited had the biggest turnover of its shares worth Rs 743.11 billion during the review period. Super Madi Hydropower Limited added 25.42 percent in its market value and recorded as the topmost gainer. Mountain Energy Nepal Limited, by shedding 12.76 percent of its market value, was registered as the topmost loser.
The total turnover amount was recorded at Rs 19.47 billion, an increase from Rs 19.30 billion in the previous week. The average daily turnover also jumped to Rs 4.86 billion from Rs 4.82 billion.
The market capitalization increased to Rs 4.363 trillion from Rs 4.307 trillion, providing the investors with capital gains of Rs 56 billion in their investment portfolio in the review period. In the previous week, the investors lost Rs 142 billion from shares trading.