Market sheds 60.01 points during a week
KATHMANDU, Aug 2: The Nepal Stock Exchange (NEPSE) declined 60.01 points last week after investors looked for booking profits from the surged share prices in the previous weeks.
Over the previous two weeks, the market gained around 250 points. Last week too the index crossed a four-year record high mark of 3,000 points, while the market was backed by a single day trading amount as high as Rs 26.57 billion. However, it could not keep up with the pace of its bull trend seen in the past few weeks.
Nepse index plunged 34.68 points and shares investors lost Rs 4...
The secondary market opened at 2,982.64 points on Sunday and closed at 2,922.63 points on Thursday. During the period, the market went as high as 3,028.79 points and plunged as low as 2,915.47 points, registering the market volatility of 60.01 points. Overall, the market lost 2.01 percent during the review period.
As an opening for last week's trading, the market shedded 18.44 points on Sunday. On Monday, the market increased marginally by 7.10 points, followed by a gain of 30.76 points on the consecutive day. The market however nosedived 47.93 points and 31.50 points, respectively.
Five out of the 13 trading groups were registered as gainers as manufacturing and processing inclined by the largest of 1.80 percent (141.08 points). Of the eight losers, the share price of hotels and tourism groups declined by 4.69 percent, the highest of all.
Considering the performance of individual companies, the price of NIC Asia Debenture 2082/83 decreased by 11.58 percent, whereas Trade Tower Limited gained the highest of 61.02 percent. Share transactions of Himalayan Reinsurance Limited stood at Rs 4.38 billion, the largest of all.
The total turnover amount inclined by one percent to Rs 96.89 billion. The average daily turnover also inclined to Rs 19.37 billion from Rs 19.18 billion.
Along with the NEPSE index, the market capitalization also declined to Rs 4.876 trillion from Rs 4.977 trillion, which made investors face a loss worth Rs 101 billion in their investment portfolio. The share investors earned Rs 653 billion from the share market in the past one month.
