KATHMANDU, Aug 16: The Nepal Stock Exchange (NEPSE) declined 62.01 points last week, despite the report that a number of listed companies including the majority of commercial banks posted good amounts of profits in the last fiscal year.
The country’s secondary market has been witnessing a bearish trend for the past two weeks. Over the past two weeks, the market shed over 135 points.
The secondary market remained closed on Sunday as the Bagmati Province government declared Sunday a public holiday to mark Gai Jatra. In the five-day trading session, the market opened at 2,850.37 on Monday and closed at 2,788.36 points on Thursday. During the period, the market went as high as 2,875.45 points and plunged as low as 2,784.15 points, registering the market volatility of 91.3 points.
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Last week, the market plummeted 27.90 points on Monday to open for the weekday trading. On the consecutive two days too, the market declined 26.22 points and 10.50 points, respectively. On Thursday, the market recovered marginally by 2.62 points.
Out of the 13 groups, only others index increased 1.51 percent. Of the losers, microfinance declined the highest of 4.15 percent, followed by finance and hydropower with 3.27 percent and 3.17 percent, respectively.
Among individual companies, share price of City Hotel Limited decreased by 36.51 percent, whereas Nepal Republic Media Limited gained the highest of 14.57 percent. Share transactions of Nepal Reinsurance Company Limited stood at Rs 1.28 billion, the largest of all.
The total turnover amount declined to Rs 30.75 billion from Rs 49.40 billion. The average daily turnover also dropped to Rs 7.68 billion from Rs 9.88 billion.
Along with the NEPSE index, the market capitalization also declined to Rs 4.656 trillion from Rs 4.757 trillion, which made investors face a loss worth Rs 101 billion in their investment portfolio. In the previous two weeks, the investors withstood a total loss of 220 billion.
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