Nepse lost 52 points while average daily turnover dropped to mere Rs 1.08 billion last week

Published On: September 3, 2022 06:25 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Sept 3: Nepal Stock Exchange (Nepse) lost 52 points last week amid a fear among the investors that banks could raise interest rates any time soon.

The secondary market opened at 2,022.62 points on Sunday and closed at 1,970.62 points on Friday. Although the market fluctuated by marginal value in most of the trading days, the average daily turnover amount went to as low as Rs 1.08 billion.

During the review period, the market started with a negative note on Sunday when the market dropped by 33.36 points. On Monday and Tuesday, Nepse gained 3.76 points and 2.33 points, respectively.

However, the market shed a double-digit mark of 21.97 points. It was followed by a decline of 1.08 points and 1.67 points, respectively, in the last two consecutive days.

The daily turnover amount stood between Rs 698.80 billion and Rs 1.38 billion. The total transaction amount during the review period was mere Rs 6.51 billion, a drop from Rs 9.61 billion in the previous week. 

Market capitalization declined to Rs 2.826 trillion from Rs 2.898 trillion, making the investors face a loss of Rs 72 billion in book values of their shares.


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