KATHMANDU, March 15: Nepal Stock Exchange (NEPSE) last week lost 81.95 points amid uncertainty raised by the ongoing political development due to the movement of monarchists.
During the four-day trading due to a public holiday of Holi, the festival of colours, the secondary market opened at 2,818.43 points on Sunday and closed at 2,712.74 points on Wednesday. During this period, the market went as high as 2,819.92 points and fell as low as 2,712.74 points, resulting in the fluctuations of 107.18 points.
Continuing the bearish trend of the previous week, the market opened for trading with a decline of 46.33 points on Sunday. On the next two consecutive days, the market shed 20.68 points and 32.21 points, respectively. On Wednesday, the market closed for the week with a gain of 17.28 points.
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All the 13 groups posted losses in their indices. Manufacturing and processing index declined by the largest of 4.34 percent.
Among individual companies, Citizen Life Insurance declined by 22.47 percent of its market value and was the topmost loser. Guardian Micro Life Insurance Limited gained the largest of 17.27 percent of its market price. Himalayan Reinsurance Limited had the highest turnover of its shares worth over Rs 3 billion.
The total turnover amount declined by 43.89 percent to Rs 35.09 billion. The average daily turnover also declined to Rs 8.77 billion from Rs 12.51 billion.
Amid heavy decline in the NEPSE index, the market capitalization also went down to Rs 4.543 trillion from Rs 4.679 trillion, which made the investors face the loss of Rs 136 billion in their investment portfolio in the review period. In the previous week, the investors secured capital gains of Rs 5 billion from shares trading.
