KATHMANDU, Feb 22: Nepal Stock Exchange (NEPSE) gained 65.27 points last week after investors rushed to purchase the shares of companies with high market values.
The market opened at 2,678.47 points on Sunday and closed at 2,743.74 points on Thursday. During this period, the index rose as high as 2,757.30 points while it dropped as low as 2,675.90 points, posting a fluctuation of 81.40 points.
The secondary market index followed an upward surge each trading day during the review period. With a gain of 19.56 points on Sunday, the secondary market opened for weekday-trading on a positive note. Similarly, the index enjoyed a 29.87 points gain on Monday, which was followed by an increase of 12.68 points and 3.14 points on Tuesday and Thursday respectively. The secondary market remained closed on Wednesday with the government announcing a public holiday to mark National Democracy Day.
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Three groups including development bank, hydropower and mutual fund were the losers, with the development bank index plunging by the largest of 107.14 percent. Of the 10 gainers, ‘others’ index enjoyed the highest gain of 7.24 percent.
Among individual companies, Guardian Micro Life Insurance, by adding 46.37 percent was recorded as the topmost gainer, while Nyadi Hydropower Limited lost the largest of 14.36 percent of its market value. Nepal Reinsurance Company Limited had the highest turnover of its shares worth Rs 1.59 billion.
The total turnover amount fell by 1.68 percent to Rs 38.58 billion. The average daily turnover however rose to Rs 9.64 billion from Rs 7.84 billion.
The market capitalization increased to Rs 4.55 trillion from Rs 4.44 trillion, which ensured the investors a rich gain of Rs 108 billion in their investment portfolio during the review period. In the previous week, the investors lost a total of Rs 33 billion from shares trading.
