KATHMANDU, March 22: Nepal Stock Exchange (NEPSE) last week lost 67.17 points due to uncertainty created by ongoing protests of pro-monarchy forces and the delay in the appointment of new governor of Nepal Rastra Bank.
The secondary market opened at 2,712.74 points on Sunday and closed at 2,669.31 points on Thursday. During the period, the market went as high as 2,739.55 points and fell as low as 2,666.69 points, resulting in the fluctuations of 72.86 points.
Continuing the bearish trend of the previous two weeks, the market index lost its values for the entire trading days. It opened for trading with a decline of 21.63 points on Sunday. On consecutive two days, the declining rate moderated to 10.14 points and 7.66 points, respectively. Out of the last two days, the market plunged 14.88 points on Wednesday and 12.84 points on Thursday.
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Only the trading group witnessed a gain of 1.57 percent. Out of the 12 losing groups, the finance index declined 4.19 percent, the largest of all.
Among individual companies, Nepal Insurance Company Limited declined by 14.48 percent of its market value and recorded as the topmost loser. Green Development Bank gained the largest of 7.46 percent of its market price. Himalayan Reinsurance Limited had the highest turnover of its shares worth over Rs 1.87 billion.
The total turnover amount declined by 25.08 percent to Rs 26.29 billion. The average daily turnover also declined to Rs 6.57 billion from Rs 8.77 billion.
Amid heavy decline in the NEPSE index, the market capitalization also went down to Rs 4.432 trillion from Rs 4.543 trillion, which made the investors face the loss of Rs 111 billion in their investment portfolio in the review period. In the previous week, the investors witnessed a loss of Rs 136 billion from shares trading.