KATHMANDU, Dec 27: Nepal Stock Exchange (NEPSE) last week declined 29.16 points (1.12 percent), going below 2,600 points, amid ongoing slump in the share transaction.
The secondary market opened at 2,615.25 points on Sunday, while it closed at 2,585.87 points on Wednesday. The market operated for four days as the government declared Thursday as a public holiday to mark Christmas, the greatest festival of Christians. Over the period, the index went as high as 2,616.25 points, while it was recorded at a low of 2,568.94 points, resulting in a volatility of 47.31 points.
With a decline of 19.92 points, the market opened for the weekdays at a negative note on Sunday. It was followed by a drop of 13.88 points on Monday. On the remaining two days, the market increased marginally by 3.27 points and 1.37 points, respectively.
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Only mutual funds gained 0.44 percent. Out of 12 losers, life insurance declined the highest of 3.36 percent (446.10 points).
Regarding the individual companies, SY Panel Nepal Limited with turnover of its shares worth Rs 504.47 million stood as the topmost in the segment. The company also stood as the topmost gainer by adding 30.90 percent in its market value. Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited lost the highest of 14.66 percent of its market value.
Along with the market index, the total turnover amount also declined to Rs 14.69 billion from Rs 19.37 billion (a 24.13 percent drop). The average turnover also fell to Rs 3.67 billion from Rs 3.87 billion.
In the review period, the market capitalization declined to Rs 4.341 billion from Rs 4.390 trillion, making investors lose Rs 49 billion in their book values. In the previous week, the investors gained Rs 13 billion from share transactions.
