KATHMANDU, Sept 6: The Nepal Stock Exchange (NEPSE) lost 61.23 points last week, amid the low confidence of investors in the share market.
With the secondary market going into a bearish trend, investors lost more than Rs 339 billion from the share transactions over the past few weeks. It was only in the previous week that the market showed a ray of hope, which, however, could not continue last week.
In the five-day trading, the secondary market index declined for four days. The market opened at 2,781 on Sunday and closed at 2,719.67 points on Thursday. During the period, the market went as high as 2,791.67 points and plunged as low as 2,702.25 points, witnessing a volatility of 89.42 points.
Nepse marginally lower in week after last session recovery
Last week, the market opened for trading at a negative note, plummeting by 31.17 points on Sunday. However, the market recovered 12.03 points on the consecutive day. In the next three days, the index again plunged 19.89 points, 15.64 points and 6.55 points, respectively.
All the 13 groups were the losers. The hydropower group shed the largest of 3.28 percent, followed by finance with a decline of 3.15 percent.
Him Star Urja Company Limited, with an addition of 41.12 percent in its market price, stood as the topmost gainer. People’s Power Limited had its share price decline by the largest of 17.79 percent. In terms of share transactions amount, Nepal Reinsurance Company Limited led the group with a turnover amount of Rs 1.57 billion.
The total turnover amount declined 21.04 percent to Rs 25.47 billion. The average daily turnover also increased to Rs 5.09 billion from Rs 6.45 billion in the review period.
Along with the NEPSE index, the market capitalization also decreased to Rs 4.546 trillion from Rs 4.647 trillion, which made the investors face a loss worth Rs 101 billion in their investment portfolio. In the previous week, the investors secured capital gains of Rs 39 billion.
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