KATHMANDU, June 15: Nepal Stock Exchange (NEPSE) surged by 34.11 points last week after banks looked forward to reducing their interest rates further in the next month.

The market opened at 2,077.78 points on Sunday and closed at 2,112.29 points on Thursday. The index went as high as 2,133.73 points while it plunged to as low as 2,069.29 points, witnessing volatility of 64.44 points.

In the review period, the market index decreased for two days. The market started the week with a decline of 9.32 points on Sunday. The index rose by 8.90 points, 33.15 points and 6.37 points, in the three successive days. On Thursday, the market closed by shedding 9.32 points.  

Trading and mutual funds were the two losers that lost 87.64 points and 0.66 points, respectively. Out of the 11 gaining groups, non-life insurance added 177.82 points, the largest of all. Finance, hotels and tourism, life insurance and development banks were the groups that added three-digit points to their indices.

Among individual companies, NRN Infrastructure and Development Limited saw the largest transaction of its shares worth Rs 1.58 billion. Kutheli Bukhari Small Hydropower Limited gained the highest of 42.11 percent (477.50 points), while Buddha Bhumi Nepal Hydropower Company Limited lost 15.06 percent of its market price and topped the segment.

The total turnover amount increased significantly by 37.49 percent to Rs 28.57 billion. The average daily turnover also increased to Rs 5.71 billion from to Rs 4.15 billion in the previous week.

On Thursday, the traded amount stood at Rs 6.44 billion, the highest single day turnover in the past five months.

The market capitalization inclined to Rs 3.349 trillion from Rs 3.294 trillion in the review week. It helped the share investors add Rs 55 billion to their portfolios. In the previous week, investors made out Rs 13 billion in capital gains.

 
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