KATHMANDU, Oct 18: Nepal Stock Exchange (NEPSE) rallied in bearish trend last week by losing 95.01 points (3.68 percent) amid the ongoing political uncertainty.
The market opened at 2,582.18 points on Sunday, while it closed at 2,487.17 points on Thursday. Over the period, the index went as high as 2,584.24 points, while it was recorded at a low of 2,478.39 points, resulting in a volatility of 105.85 points.
On Sunday, the market opened at a negative note with a fall of 78.83 points, followed by a recovery of 44.25 points on the next day. On the rest of the weekdays, the market declined--19.43 points Tuesday, 22.58 points on Wednesday and a drop of 18.40 points on Thursday to close for the week.
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All the 13 groups posted red in the review period, with the finance index losing the highest of 6.24 percent. Pointwise, life insurance declined by the largest of 400.69 points, with a total of eight groups losing three-digit points in their indices.
In terms of the individual companies, Nepal Reinsurance Company Limited had the largest turnover of its shares worth Rs 1.30 billion. Samaj Laghubitta Bittiya Sanstha Limited witnessed the highest fall of 31.54 percent in its market value, while the share price of Nepal Micro Insurance Company Limited escalated 23.40 percent, highest of all.
The total turnover amount inclined 36.74 percent to Rs 21.42 billion. The average turnover however, dropped 17.95 percent to Rs 4.28 billion.
In the review period, the market capitalization declined to Rs 4.157 trillion from Rs 4.316 trillion, which made the investors lose Rs 159 billion in their share value. In the previous week, the investors had faced a loss of Rs 38 billion.
