KATHMANDU, Dec 21: Nepal Stock Exchange (NEPSE) shed 85.47 points last week after investors lost their confidence towards the share market due to rumour about change in the government.
As the government declared a public holiday on Sunday to celebrate Kirat’s festival ‘Udhauli Parva,’ the market opened at 2,682.29 points on Monday and closed at 2,596.82 points on Thursday. During the review period, the market rose as high as 2,684.32 points while it fell to as low as 2,593.18 points, witnessing a volatility of 91.14 points.
In the past over two and a half months, the secondary market closed below 2,600 points. Last time on October 1, the market crossed this threshold.
Nepse lost 71.42 points, while investors lost Rs 102.61 billion...
The secondary market with a heavy decline of 51.37 points on Monday opened for weekday-trading on a negative note. The market increased marginally by 2.95 points on Tuesday. On the remaining two days, the market declined 5.60 points and 31.43 points, respectively.
All the 13 groups were the losers last week. Trading index fell by the highest of 5.17 percent, which was followed by finance index with 4.79 percent and hydropower index with 4.07 percent fall.
Among the individual companies, Janaki Finance Company Limited had the biggest turnover of its shares worth Rs 739.29 billion during the review period. River Falls Power Limited by shedding 15.14 percent was recorded as the topmost loser. Support Laghubitta Bittiya Sanstha Limited, by adding 27.15 percent in its market price, was the largest gainer.
The total turnover amount was recorded at Rs 19.30 billion, a 32.72 percent fall from Rs 28.69 billion in the previous week. The average daily turnover also fell to Rs 4.82 billion from Rs 5.73 billion.
The market capitalization declined to Rs 4.307 billion from Rs 4.449 trillion, making the investors suffer a loss of Rs 142 billion in their investment portfolio in the review period. In the previous week, the investors lost Rs 87 billion from shares trading.
