KATHMANDU, Jan 25: Nepal Stock Exchange (NEPSE) surged 65.73 points last week as investors were attracted to inject their money in the stock market amid slump in other businesses.
The market opened at 2,588.62 points on Sunday and closed at 2,654.35 points on Thursday. During the review week, the index rose as high as 2,681.49 points while it dropped as low as 2,580.40 points, posting a fluctuation of 101.09 points.
With an increase of 12.58 points on Sunday, the secondary market opened for weekday-trading on a positive note. Over the next two days, it increased marginally by 6.78 points and 5.08 points, respectively. On Wednesday, the index jumped 52.36 points while the daily turnover also crossed Rs 9 billion. On Thursday, the market corrected 11.10 points to close for the week.
NEPSE index gained a whopping 219.71 points; investors had capi...
Out of the 13 groups, two groups including finance and mutual funds shed 2.85 percent and 0.64 percent, respectively. Of the gainers, ‘others’ surged by the highest of 9.40 percent, followed by manufacturing and processing with 5.34 percent.
Among individual companies, Saptakoshi Development Bank Limited, by adding 27.66 percent, was the topmost gainer, while Super Madi Hydropower Limited lost the largest of 23.94 percent of its market value. NRN Infrastructure and Development Limited had the highest turnover of its shares worth Rs 1.39 billion.
The total turnover amount jumped to Rs 36.07 billion from Rs 22.40 billion. The average daily turnover also increased 28.81 percent to Rs 7.21 billion.
The market capitalization increased to Rs 4.402 trillion from Rs 4.293 trillion, ensuring investors with capital gains worth Rs 109 billion in total in their investment portfolio in the review period. In the previous week, the investors lost Rs 77 billion from shares trading.
