KATHMANDU, Feb 8: Nepal Stock Exchange (NEPSE) last week jumped 42.04 points after investors rushed to purchase shares of microfinance companies on expectation of getting good returns from the segment.
The market opened at 2,657.77 points on Sunday and closed at 2,699.81 points on Thursday. Over the period, the index rose as high as 2,764.17 points while it dropped as low as 2,662.01 points, posting a fluctuation of 102.16 points.
With a surge by 69.80 points on Sunday, the secondary market opened for weekday-trading on a positive note. On the day, the daily turnover amount jumped to a five-month high at Rs 12.95 billion. On Monday, the market index increased marginally by 2.41 points.
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However, the market could not retain its charm for investors on the rest of three trading days. The NEPSE index declined 14.08 points on Tuesday. On the consecutive two days, the market dropped 4.45 points and 11.64 points, respectively.
Two groups were the losers, with development banks witnessing a decline of 2.37 percent and hotels and tourism with 0.88 percent drops in their market values. Of the gainers, the finance index surged by the largest of 5.73 percent.
Among individual companies, Upakar Laghubitta Bittiya Sanstha Limited by adding 27.06 percent was recorded as the topmost gainer, while Corporate Development Bank Limited lost the largest of 19.19 percent of its market value. NRN Infrastructure and Development Limited had the highest turnover of its shares worth Rs 1.41 billion.
The total turnover amount jumped by 89.24 percent to Rs 51.95 billion. The average daily turnover also inclined 13.54 percent to Rs 10.39 billion.
The market capitalization increased to Rs 4.479 trillion from Rs 4.409 trillion, which ensured investors with capital gains of Rs 70 billion in their investment portfolio in the review period. In the previous week, the investors gained Rs 7 billion from shares trading.
