NEPSE lost 53.16 points, while investors lost Rs 85 billion from shares trading last week

Published On: April 20, 2024 07:15 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 20: Nepal Stock Exchange (NEPSE) lost 53.16 points last week after the country’s secondary market failed to boost investor’ confidence even with the beginning of the Nepali New Year 2081.

In the four trading days, the market opened at 2,025.30 points on Sunday and closed at 1,972.14 points on Thursday. The government announced a public holiday on Wednesday to mark ‘Ram Nawami.’

In the review period, the market went as high as 2,031.86 points while it plunged to as low as 1,967.45 points, witnessing volatility of 45.40 points.

The market started the week with a decline of 2.35 points on Sunday. The index went down also on the remaining trading days. On Monday lost 16.82 points, followed by a decline of 14.81 points on Tuesday to plunge below 2,000 points after one and a half years. On Thursday, the market closed for the week with a downfall of 19.56 points.

All the 13 groups had their indices decline in the review period. While non-life insurance lost the highest of 329.29 points, manufacturing and processing, life insurance, hotels and tourism, and development banks were among the losers of three-digit points.

Among individual companies, Gurkhas Finance Limited held the largest transaction of its shares worth Rs 471.57 million. Gurans Laghubitta Bittiya Sanstha Limited lost the highest of 504 points (21.54 percent), while Menchhiyam Hydropower Limited by adding 10.54 percent on its market value was recorded among the highest gainers.

The total turnover amount stood at Rs 10.05 billion compared to Rs 11.88 billion in the previous week. The average daily turnover decreased to Rs 2.51 billion from Rs 3.96 billion.

The market capitalization also fell to Rs 3.127 trillion from Rs 3.212 trillion in the previous week. It made the shares investors lose Rs 85 billion in their portfolios. The investors had gained Rs 35 billion in their portfolios in the previous week. 


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