KATHMANDU, May 7: A total of Rs 167 billion was wiped out from the secondary market amid the ongoing slump in share transactions at Nepal Stock Exchange (Nepse) last week.
According to Nepse, share investors lost the aforementioned amount in their book value after the market capitalization dropped 4.98 percent to Rs 3.184 trillion during the review period. Similarly, the total turnover amount also fell 47.02 percent to Rs 4.34 billion.
Nepse index plunged 34.68 points and shares investors lost Rs 4...
Last week, the market index declined 117.55 points, or 4.99 percent. The market opened at 2,356.17 points and closed at 2,238.62 points. Nepse had added 30.72 points in the previous week, posting an average weekly gain after a month, which had rekindled some hope among the investors of the country’s only stock exchange market.
In a three-day trading session last week, the market plunged by a double-digit point in the entire trading days. On Monday, the market dropped by 48.73 points while it went down 31.76 points and 37.06 points, respectively, on Wednesday and Thursday.
The sub-index of finance companies declined the largest of 8.94 percent in their share prices. Among individual companies, Arun Valley Hydropower Development Company had a transaction of its shares worth Rs 134.51 million, the highest of all.
Similarly, Jalpa Samudayik Laghubitta Bittiya Sanstha gained the largest of 33.08 percent in its share price. Nepal Finance Limited, with a fall of 41.57 percent, was the top loser of last week.
