KATHMANDU, Aug 30: The Nepal Stock Exchange (NEPSE) added 23.03 points last week, breaking the bearish trend in the secondary market persisting for the last few weeks.
With the secondary market posting a dismal picture, investors lost more than Rs 378 billion from the shares transactions in the past one month. However, the bounce back of the market last week has pinned some hope among the investors, according to stockbrokers.
The market opened at 2,757.97 on Sunday and closed at 2,781 points on Thursday. During the period, the market went as high as 2,824.85 points and plunged as low as 2,730.74 points, witnessing a volatility of 94.11 points.
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Last week, the market opened for trading at a negative note, plummeting by 18.02 points on Sunday. However, the market went on an upward drive for the consecutive three days, with the index going up by 21.30 points, 4.83 points and 53.01 points, respectively.
On Wednesday, the NEPSE crossed 2,800 points in the past two weeks. On Thursday, the market corrected with a decline of 38.10 points.
Out of the 13 groups, 10 have their market values increased on an average. ‘Others’ index escalated by the largest of 4.57 percent. Of the three losers, hydropower declined by 0.42 percent, the highest of all.
Bikash Hydropower Company with an addition of 60.98 percent in its market price stood as the topmost gainer. Narayani Development Bank Limited had its share price declined by the largest of 44.46 percent. In terms of share transactions amount, Himalayan Distillery Limited led the group with turnover amount of Rs 2.91 billion,.
The total turnover amount inclined 8.38 percent to Rs 32.26 billion. The average daily turnover also increased to Rs 6.45 billion from Rs 5.95 billion in the review period.
Along with the NEPSE index, the market capitalization also increased to Rs 4.647 trillion from Rs 4.608 trillion, which gave the investors with capital gains of Rs 39 billion in their investment portfolio. In the previous week, the investors lost Rs 48 billion.
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