KATHMANDU, June 13: The Nepal Stock Exchange (NEPSE) last week declined by 31.38 points amid the government’s aggressive actions against those involved in financial crimes, along with recent price hikes in the market.
The secondary market opened at 2,755.41 points and closed at 2,724.03 points. During the week, the index reached a high of 2,754.58 points and a low of 2,701.86 points, reflecting a volatility range of 52.72 points.
Weekly Commentary: Nepse up for a second straight week as inves...
Except for Wednesday, when the market posted a modest gain of 2.57 points, the index declined on the remaining four trading days. The largest single-day fall of 20.27 points was recorded on Monday.
Sector-wise, all 13 sub-groups ended in losses. Life insurance recorded the sharpest decline of 208.62 points, while the trading group saw the largest percentage fall of 3.43 percent.
Among individual companies, Kalinchok Hydropower saw its market value surge by 40.71 percent. Meanwhile, Upakar Laghubitta Bittiya Sanstha’s share price plunged by 9.63 percent, the highest decline among listed companies.
Average daily turnover, however, slipped to Rs 4.61 billion from Rs 5.38 billion, marking a decline of 14.31 percent. Market capitalization fell to Rs 4.654 trillion from Rs 4.701 trillion, resulting in a loss of Rs 47 billion in investors’ wealth. In the previous week, investors had lost Rs 45 billion from share trading.
