KATHMANDU, Nov 29: Nepal Stock Exchange (NEPSE) last week jumped 115.74 points (4.52 percent) amid an improvement in investors’ confidence with an expectation of the government holding elections on a stipulated date.
The secondary market opened at 2,560.29 points on Sunday, while it closed at 2,676.03 points on Thursday. Over the period, the index went as high as 2,678.29 points, while it was recorded at a low of 2,562.34 points, resulting in a volatility of 115.95 points.
The market inclined up throughout the trading days last week. With an addition of 39.92 points, the market started the week on a positive note, while it continued on the consecutive day by adding 50.44 points. On Tuesday, the index increased marginally by 5.32 points. On the last two days, the market gained 9.61 points and 10.43 points, respectively.
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All the 13 groups were gainers. Manufacturing and processing, by adding 7.24 percent, was the highest gainer. The heavyweight banking index also jumped 5.24 percent. In absolute term, life insurance was the largest gainer of 904.03 points.
Regarding the individual companies, NRN Infrastructure and Development Limited with holding turnover of its shares worth Rs 2.04 billion stood as the highest in the segment. The company witnessed the largest drop of 21.21 percent in its market value. Share prices of Sagar Distillery Limited and Jhapa Energy Limited surged by 61.01 percent each, the highest of all.
Along with the market index, the total turnover amount also surged to Rs 32.50 billion from Rs 20.41 billion (a 59.22 percent rise) in the previous week. The average turnover also inclined to Rs 6.50 billion from Rs 4.08 billion.
In the review period, the market capitalization inclined to Rs 4.493 trillion from Rs 4.298 trillion, making investors had capital gains of Rs 195 billion in their portfolio. In the previous week, the investors earned Rs 25 billion from share transactions.
