KATHMANDU, May 3: Nepal Stock Exchange (NEPSE) last week suffered a loss of 34.19 points amid the government’s indecisiveness to appoint the governor of Nepal Rastra Bank (NRB).
In a four-day trading session, the secondary market opened at 2,658.02 points on Sunday and closed at 2,623.83 points on Wednesday. The government declared a public holiday on Thursday to mark 136th International Labor Day. During the period, the market went as high as 2,684.51 points and plunged as low as 2,622.72 points, while the market volatility stood at 61.79 points.
The market on Sunday opened for the weekday trading at a positive note with an addition of 3.58 points. The index however suffered by 14.53 points, 15.08 points and 8.14 points respectively on the rest of the trading days.
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Only the hydropower index went up by 0.72 percent, while the remaining 12 groups were marked losers. ‘Others’ shed 2.68 percent of its market value and was registered as the biggest loser, which was followed by microfinance (2.42 percent) and banking (2.30 percent).
Among individual companies, Swet Ganga Hydropower and Construction Limited lost the highest of 10.04 percent of its market value. Nepal Micro Insurance Company added 46.38 percent in its market value and was recorded as the topmost gainer. Ngadi Group Power Limited had the highest turnover of its shares worth over Rs 2.72 billion.
The total turnover amount plunged by 10.36 percent to Rs 36.73 billion. The average daily turnover however inclined to Rs 9.18 billion from Rs 8.19 billion.
Along with the NEPSE index, the market capitalization also decreased to Rs 4.362 trillion from Rs 4.419 trillion, which made the investors lose Rs 57 billion in their investment portfolio in the review period.
