KATHMANDU, May 4: Nepal Stock Exchange (NEPSE) gained 33.03 points last week despite investors holding low confidence towards the country’s only share market.

In the four trading days, the market opened at 1,965.93 points on Sunday and closed at 1,998.96 points on Thursday. The government announced a public holiday on Wednesday to mark ‘International Labor Day.’

Last week, the market went as high as 2,025.78 points while it plunged to as low as 1,965.18 points, witnessing volatility of 60.6 points.

In the review period, the market escalated for three days. It started the week with a double-digit gain of 14.33 points on Sunday. The index increased marginally by 0.07 points on Monday, followed by a gain of 25.93 points on Tuesday. The secondary market closed for the week by a decline of 7.31 points on Thursday.  

Except ‘others,’ which witnessed a decline of 7.13 points in its index, the remaining 12 trading groups were the gainers. The Development Bank had its index inclined by the highest of 262.06 points. Microfinance, non-life insurance, finance, hotels and tourism, and life insurance also added three-digit points in their indices.

Among individual companies, Pokhara Finance Limited held the largest transaction of its shares worth Rs 693.97 million. Infinity Laghubitta Bittiya Sanstha Limited gained the highest of 263.30 points (28.51 percent), while People’s Power Limited shed the highest of 57.80 points (8.59 percent).

The total turnover amount stood at Rs 14.57 billion compared to Rs 9.22 billion in the previous week. The average daily turnover increased to Rs 3.64 billion from Rs 2.30 billion.

The market capitalization also increased to Rs 3.169 trillion from Rs 3.117 trillion in the previous week. It made the shares investors gain Rs 52 billion in their portfolios.  

 
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