Investors gain Rs 232 billion as NEPSE jumps 138.83 points in a week

The capital gains last week was equivalent to total of the amount in previous two weeks.

KATHMANDU, July 19: Nepal Stock Exchange (NEPSE) last week rose by a whopping 138.83 points due to an impact of the banks and financial institutions (BFIs) announcing to reduce their interest rates.

According to the stockbrokers, the investors’ overwhelming response in the aftermath of the BFIs’ action led to the positive growth of the market last week. Earlier, Nepal Rastra Bank through a circular had asked the BFIs to implement the provisions of the Monetary Policy 2025/26 soon.  

Related story

Market ends week flat with Nepse yet to close above key 3,200 l...

The secondary market opened at 2,731.80 points on Sunday and closed at 2,870.63 points on Thursday. During the period, the market went as high as 2,870.63 points and plunged as low as 2,723.82 points, registering the market volatility of 146.81 points.

In the review period, the market gained 29 points on Sunday to open at a positive note for the weekdays trading. On Monday, the market however plunged 35.09 points, while it bounced back on the three consecutive days with impressive growth. On Tuesday, the index added 34.46 points, followed by similar points gain on the consecutive day. On Thursday, the market escalated 75.84 points to close for the week. 

All the 13 trading groups had their market indices inclined up. The BFIs were among the major gainers. As microfinance index surged by the largest of 8.10 percent, those of development banks, finance and banking also increased by over six percent. With a gain of 5.44 percent, hydropower followed the BFIs’ market performance.

Among individual companies, Three Star Hydropower Limited gained the highest of 21.92 percent, whereas Bhagawati Hydropower Development Company lost the highest of 10.12 percent. Share transactions of Butwal Power Company Limited stood at Rs 2.47 billion, the largest of all.  

The total turnover amount inclined by 43.40 percent to Rs 59.63 billion. The average daily turnover also inclined to Rs 11.92 billion from Rs 8.31 billion.

Along with the NEPSE index, the market capitalization also increased to Rs 4.783 trillion from Rs 4.551 trillion, which made the investors secured capital gains of Rs 232 billion in their investment portfolio in the review period. The share investors earned Rs 227 billion from the share market in the previous two weeks.