KATHMANDU, June 29: The Nepal Stock Exchange (NEPSE) decreased 16.39 points last week, amid Nepal Rastra Bank hinting not to be too flexible in the monetary policy for the next Fiscal Year(FY) 2024/25.

The market opened at 2,068.31 points on Sunday and closed at 2,051.92 points on Thursday. The index reached a high of 2,079.19 points and a low of 2,047.02 points, witnessing a volatility of 32.17 points.

Out of five days of trading, the index declined for three days. On Sunday, the market opened with a marginal decline of 5.37 points. On Monday and Tuesday, the market index increased slightly by 3.21 points and 5.60 points, respectively. On Wednesday, the index dropped 11.60 points, followed by a fall of 8.24 points on Thursday.

Only five out of 13 trading groups were the gainers last week. The finance sector led the segment adding 82.51 points (3.52 percent). Of the remaining eight losing groups, banking sub-index fell with the largest 1.80 percent. It was followed by life insurance (1.79 percent) and manufacturing and processing (1.63 percent).

Among individual companies, Nepal Finance Limited had the largest transaction of shares worth Rs 717.39 million. Progressive Finance Limited Promoter Share lost the largest of 15.38 percent of its market value. Ganapati Laghubitta Bittiya Sanstha Limited by adding 33.31 percent in its market price was recorded as the topmost gainer.

The total turnover amount increased to R 21.41 billion from Rs 16.80 billion. The average daily turnover also inclined to Rs 4.28 billion from Rs 4.20 billion in the previous week.

Market capitalization declined to Rs 3.253 trillion from Rs 3.279 trillion during the review week, resulting in loss of Rs 26 billion for investors. In the previous week too, investors faced a loss of Rs 7 billion in their portfolio.