Investors lose Rs 52 billion as NEPSE declines 32.69 points in a week

KATHMANDU, April 12: Nepal Stock Exchange (NEPSE) last week declined by 32.69 points amid uncertainty among the investors about the third quarterly report of the listed companies.

In a four-day trading session, with the government declaring a public holiday of Ram Nawami on Sunday, the secondary market opened at 2,703.39 points on Monday and closed at 2,670.70 points on Thursday. During the period, the market went as high as 2,710.13 points and fell as low as 2,631.68 points, while the market volatility stood at 78.45 points.

The market opened for the weekday trading at a negative note by shedding 33.33 points on Monday, followed by a fall of 3.44 points on Tuesday. On the two consecutive days, the market gained 9.66 points on Wednesday, while it again declined 5.57 points on Thursday.  

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Out of 13 groups, only three were registered as gainers. By adding 0.61 percent of its market value, the manufacturing and processing group took the lead, while mutual funds and hotels and tourism were in the row. The trading index declined 5.02 percent, the largest of all.   

Among individual companies, Upper Hewakhola Hydropower Company lost the highest of 11.69 percent of its market price. Nepal Micro Insurance Company added 33.05 percent in its market value and recorded as the topmost gainer. NRN Infrastructure and Development Limited had the highest turnover of its shares worth over Rs 1.80 billion.

The total turnover amount plunged by 20.87 percent to Rs 21.09 billion. The average daily turnover also declined to 5.27 billion from Rs 6.66 billion.

Along with the NEPSE index, the market capitalization also decreased to Rs 4.437 trillion from Rs 4.489 trillion, which made the investors lose Rs 52 billion in their investment portfolio in the review period. In the previous week, the investors gained Rs 67 billion from shares trading.