Single day turnover jumped to two-year high amount at Rs 9.768 billion on Wednesday

KATHMANDU, Jan 20: Nepal Stock Exchange (NEPSE) added 66.83 points last week, after the investors showed overwhelming response to the banks reducing their interest rates with the end of the second quarter of the current fiscal year.

The market opened at 2,088.99 points on Sunday and closed at 2,155.82 points on Thursday. The secondary market remained open for four days last week with the government declaring Monday a public holiday to mark Makar Sankranti.

During the review period, the market went as high as 2,215.29 points while it plunged to as low as 2,093.46 points, witnessing volatility of 96.3 points.

The market started the week with a double-digit gain of 31.62 points on Sunday. The index further increased 54.54 points on Tuesday. The market declined on the remaining two trading days, while the index fell 12.10 points and 7.24 points, respectively.

The total turnover amount stood at Rs 31.418 billion, up from Rs 25.477 billion in the previous week. The average daily turnover also surged to Rs 7.854 billion from Rs 5.095 billion in the review period. The single day turnover amount jumped to a two-year high amount at Rs 9.768 billion on Wednesday.

Hotel and tourism, and trading were the only two losers last week. The indices of these two groups fell 103.14 points and 39.29 points, respectively. Out of 11 losers, the market price of ‘others’ increased by 8.93 percent, while that of hydropower increased by 6.08 percent.

Among the individual companies, Himalayan Reinsurance Limited had the largest transaction of its shares worth Rs 2.563 billion. The company, by adding 44.28 percent in its market value, also led the gainers’ list. The share price of Mid Solu Hydropower Company Limited dropped 9.07 percent, the highest of all.

The market capitalization also increased to Rs 3.386 trillion from Rs 3.281 trillion in the previous week. It gave the shares’ investors with additional capital gains of Rs 105 billion in their portfolios. 

 
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