KATHMANDU, Feb 15: Nepal Stock Exchange (NEPSE) last week declined 21.34 points after the banks hinted at increasing interest rates citing an increased demand for loans.
The market opened at 2,699.81points on Sunday and closed at 2,678.47 points on Thursday. Over the period, the index rose as high as 2,725.95 points while it dropped as low as 2,666.72 points, posting a fluctuation of 59.23 points.
With a decline of 11.49 points on Sunday, the secondary market opened for weekday-trading on a negative note. On Monday too, the index slid 10.98 points. On the consecutive two days, the market added 6.54 points and 1.86 points, respectively. However, the market again fell 7.26 points on Thursday to close for the weekdays.
BFIs compete to lure investors with schemes for share loans
Four groups including finance, investment, development bank and microfinance were the gainers, with the finance index surging by the largest of 2.69 percent of its market value. Of the nine losers, manufacturing and processing dropped by the highest of 2.67 percent.
Among individual companies, Guardian Micro Life Insurance by adding 61 percent was recorded as the topmost gainer, while Upakar Laghubitta Bittiya Sanstha Limited lost the largest of 18.38 percent of its market value. CEDB Holdings Limited had the highest turnover of its shares worth Rs 1.47 billion.
The total turnover amount declined by 24.47 percent to Rs 39.24 billion. The average daily turnover also declined to Rs 7.84 billion from Rs 10.39 billion.
The market capitalization decreased to Rs 4.446 trillion from Rs 4.479 trillion, which made investors face a total loss of Rs 33 billion in their investment portfolio in the review period. In the previous week, the investors gained Rs 70 billion from shares trading.
