KATHMANDU, June 21: Nepal Stock Exchange (NEPSE) last week declined by 26.47 points after investors turned reluctant to buy shares with an upcoming end of the current Fiscal Year (FY).
The secondary market opened at 2,655.38 points and closed at 2,628.91 points on Thursday. During the period, the market went as high as 2,679.74 points and plunged as low as 2,628.27 points, registering a market fluctuation of 51.47 points.
Nepse marginally lower in week after last session recovery
With a marginal increment of 0.47 points on Sunday, the market opened for the weekday trading at a positive note. It was followed by an additional gain of 2.80 points on Monday. On the remaining three days, the market declined by 3.90 points, 1.07 points and 24.76 points, consecutively.
Only two groups stood as gainers, with hotels and tourism adding 0.82 percent and manufacturing and processing adding 0.64 percent of their market values. Of the 11 losers, the investment group declined by the highest of 2.09 percent.
Among individual companies, People’s Power Limited shed the highest of 18 percent. Pure Energy Limited added 31.75 percent of its market value and recorded as the topmost gainer. Sanima Mai Hydropower Limited had the highest turnover of its share worth over Rs 3.73 billion.
The total turnover amount increased 4.35 percent to Rs 52.60 billion. The average daily turnover also inclined Rs 10.52 billion from Rs 10.08 billion.
Along with the NEPSE index, the market capitalization also decreased to Rs 4.379 trillion from Rs 4.423 trillion, which made the investors face a loss of Rs 44 billion in their investment portfolio in the review period. The share investors posted capital gains of Rs 24 billion in the previous week.
