Investors gained Rs 84 billion from shares trading as NEPSE added 52.53 points last week

Published On: May 18, 2024 04:58 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 18: Nepal Stock Exchange (NEPSE) added 52.53 points last week in the aftermath of the government permitting the authorities to reduce commission of stock brokerage companies.

The market opened at 1,966.23 points on Sunday and closed at 2,018.76 points on Thursday. The index went as high as 2,048.23 points while it plunged to as low as 1,962.21 points, witnessing volatility of 86.02 points.

In the review period, the market escalated for four days. It started the week with a slight increase of 8.26 points on Sunday. The index surged by notable 24.39 points and 28.62 points on Monday and Tuesday, respectively.

The market however fell 9.54 points on Wednesday after the investors rushed to book capital gains of the previous two days. On Thursday, the market inched up 0.79 points to close for the week. 

Only two groups including hotels and tourism, and finance lost 198.20 points and 55.81 points, respectively. Of the remaining 11 losing groups, non-life insurance gained the highest of 332.34 points. Microfinance, life insurance, and manufacturing and processing also shed three-digit points in their market value.

Among individual companies, CEDB Hydropower Development Company Limited held the largest transaction of its shares worth Rs 955.25 million. Shrijanshil Laghubitta Bittiya Sanstha Limited gained the highest of 497.70 points (39.88 percent), while Dolti Power Company Ltd lost the highest of 9.07 percent of its market price.

The total turnover amount inclined to Rs 18.59 billion from 14.49 billion in the previous week. The average daily turnover also increased to Rs 3.71 billion from Rs 2.89 billion.

The market capitalization also increased to Rs 3.201 trillion from Rs 3.117 trillion in the previous week. It gave the shares investors an additional Rs 84 billion in their portfolios. In the previous week, shares investors lost Rs 52 billion from the shares market.   


Leave A Comment