KATHMANDU, May 10: Nepal Stock Exchange (NEPSE) last week gained 37.81 points despite the delay by the government to appoint the governor of Nepal Rastra Bank (NRB) and the Securities Board of Nepal facing the allegation of asking for bribe while issuing approval to the hydropower companies to float their initial public offerings.
The secondary market opened at 2,623.83 points on Sunday and closed at 2,661.64 points on Thursday. During the period, the market went as high as 2,687.38 points and plunged as low as 2,604.79 points, while the market volatility stood at 82.59 points.
The market on Sunday opened for the weekday trading with a slight decline of 3.44 points, which was followed by a drop of 9.62 points on Monday. On Tuesday and Wednesday, the market gained 0.68 points and 62.25 points, respectively. On Thursday, the market again fell 12.04 points to close for the week.
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Ten out of the 13 companies were recorded gainers. The finance index surged the highest of 6.13 percent, followed by the hydropower index with 3.74 percent. Of the three losers, ‘others’ shed the largest of 1.26 percent of its market value, followed by trading (1.05 percent) and investment (0.64 percent).
Among individual companies, Nepal Micro Insurance Company Limited added 61.04 percent in its market value and was recorded as the topmost gainer. River Falls Power Limited lost the highest of 18.09 percent of its market value. Nepal Micro Insurance Company. Sanima Mai Hydropower Limited had the highest turnover of its share worth over Rs 3.26 billion.
The total turnover amount increased by 30.10 percent to Rs 47.79 billion. The average daily turnover also inclined to Rs 9.55 billion from Rs 9.18 billion.
Along with the NEPSE index, the market capitalization also increased to Rs 4.427 trillion from Rs 4.362 trillion, which gave the investors with capital gains of Rs 65 billion in their investment portfolio in the review period. The share investors lost Rs 57 billion in the previous week.
