Investors lose Rs 40 billion as NEPSE declines 23.80 points in a week

KATHMANDU, Dec 13: Nepal Stock Exchange (NEPSE) last week declined 23.80 points (0.90 percent) revealing the continuity of low confidence among the investors.

The secondary market opened at 2,631.17 points on Sunday, while it closed at 2,607.37 points on Thursday. Over the period, the index went as high as 2,636.97 points, while it was recorded at a low of 2,596.70 points, resulting in a volatility of 40.27 points.

In a five-day trading session, the market gained only on a single day, while facing losses on the remaining four days. With a drop of 21.48 points, the market opened at a negative note on Sunday, followed by a marginal drop of 3.02 points on Monday. On Tuesday, the index however rose 7.39 points. On the consecutive two days, the market shedded 7.86 points and 1.66 points, respectively.

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Only two groups had their market value inclined during the review period. Manufacturing and processing increased by the largest of 192.87 points (2.39 percent) and life insurance gained 91.36 points (0.69 percent). Of the 11 losers, the finance group declined by the highest of 2.56 percent and microfinance recorded a drop of 1.61 percent, second in the row.

Regarding the individual companies, Ngadi Group Power Limited with turnover of its shares worth Rs 1.56 billion stood as the topmost in the segment. Asha Laghubitta Bittiya Sanstha Limited lost 11.48 percent of its market value. Share prices of Swastik Laghubitta Bittiya Sanstha Limited surged by 61.03 percent, the highest of all.

Along with the market index, the total turnover amount also declined to Rs 20.99 billion from Rs 21.51 billion (a 2.43 percent drop). The average turnover also fell to Rs 4.19 billion from Rs 5.37 billion.

In the review period, the market capitalization declined to Rs 4.377 trillion from Rs 4.417 trillion, making investors lose Rs 40 billion in their book values. In the previous week, the investors lost Rs 76 billion from share transactions.