KATHMANDU, August 6: Nepal Stock Exchange (Nepse) lost 26.97 points last week with the volatility appearing in the market due to the possible rise in interest rate by the banks and financial institutions.
The secondary market opened at 2,140.52 points on Sunday and closed at 2,113.55 points on Friday. The announcement of data for the election of federal parliaments and provincial assemblies also failed to boost the market in the review period.
The secondary market started on a good note gaining 54.58 points on Sunday. However, the market failed to keep its pace in the rest of the trading days.
On Monday, the market increased only marginally by 1.15 points, which was followed by a decline of 2.76 points on Tuesday.
On Wednesday too, the Nepse dropped 6.72 points. On Thursday and Friday, the market went down 38.61 points and 34.61 points, respectively.
Last week, the market index went to as high as 2,223.99 points whereas it fell to a minimum of 2,109.01 points. Overall, the market declined by 1.26 percent.
The total turnover amount in the six days trading increased from Rs 20.87 billion to Rs 22.99 billion. Market capitalization declined to Rs 3.015 trillion from Rs 3.056 trillion, making investors suffer a loss of Rs 41 billion in book values of their shares.