Published On: April 9, 2022 03:15 PM NPT By: Republica | @RepublicaNepal
KATHMANDU, April 9: Nepal Stock Exchange (Nepse) went down 79.95 points last week due to low confidence among investors citing adverse economic situations that the country is facing at present.
During the review period, the market opened at 2,544.30 points and closed at 2,464.35 points. The investors lost Rs 113.51 billion during the weeklong transaction.
In a five-day trading, the market index declined for four days. On the first day, the market fell by 30.89 points followed by the downswing of 14.88 points on Monday. On the successive two days, the market declined by 46.46 points and 23.32 points, respectively.
After four-day fall, the market, however, surged by 35.69 points on Thursday with investors attracted to purchase shares at much reduced prices. In the previous week too, the market slid 69.37 points.
In the review period, the market capitalisation dropped to Rs 3.49 trillion from Rs 3.61 trillion. The turnover amount also fell by Rs 3.59 billion. There was turnover of 22,349,511 units of shares worth Rs 9.83 billion, down from transactions of 26,061,615 units worth Rs 13.42 billion.
Out of 13 trading groups, the sub-index of hotels and tourism, with adding 1.91 percent in the shares’ value, was the only gainer. The prices of non-life insurance declined by the largest of 6.55 percent.
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