KATHMANDU, March 29: Nepal Stock Exchange (NEPSE) last week declined marginally by 6.01 points amid political unrest created by the movement of monarchists and delay in appointment of new governor of Nepal Rastra Bank.
The secondary market opened at 2,669.31 points on Sunday and closed at 2,663.30 points on Thursday. During the period, the market went below 2,600 points and fell as low as 2,579.45 points, while the market volatility stood at 72.86 points.
The market opened for trading with a whopping decline of 54.62 points on Sunday. On Monday, it bounced back 26.10 points, followed by a landslide fall of 58.05 points again on Tuesday. On the consecutive two days, the market added 39.13 points and 41.43 points, respectively.
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Out of 13 groups, five were the gainers. Trading index surged by the largest of 3.28 percent, followed by ‘others,’ life insurance, mutual funds and investment. Of the eight losers, the development bank index plunged by the highest of 2.34 percent, followed by the hydropower index with a fall of 2.15 percent of its market value.
Among individual companies, Upper Hewakhola Hydropower Company declined by 15.38 percent of its market price and recorded as the topmost loser. Guardian Micro Life Insurance gained the largest of 12.86 percent. Himalayan Reinsurance Limited had the highest turnover of its shares worth over Rs 1.91 billion.
The total turnover amount declined by 3.37 percent to Rs 25.41 billion. The average daily turnover also declined to Rs 5.08 billion from Rs 6.57 billion.
Along with the NEPSE index, the market capitalization also went down to Rs 4.422 trillion from Rs 4.432 trillion, which made the investors face the loss of Rs 10 billion in their investment portfolio in the review period. In the previous two weeks, the investors witnessed a loss of Rs 247 billion from shares trading.
