KATHMANDU, Nov 25: Nepal Stock Exchange (Nepse) added 8.12 points last week in the aftermath of the banks reducing their interest rates.
The secondary market carried out stock trading for four days with the government announcing a public holiday on Sunday to mark Chhath, a festival celebrated in honor of the Sun. The market opened at 1,850.08 points on Monday and closed 1,860.20 points on Thursday. During the review period, the market went as high as 1,872.64 points while it plunged to as low as 1,816.68 points, witnessing volatility of 55.96 points.
The market started the week with a nominal gain of 1.39 points on Monday, the first day trading after the end of the festival holiday. The market failed to show a notable comeback even after the banks reduced their interest rates.
Nepse gained 73.27 points, while investors earned Rs 107 billio...
On Tuesday, the market, however, dipped 23.82 points, followed by a surge of 20.67 points on Wednesday. On Thursday, the index posted a gain of 9.87 points to close for the week.
Despite a rise in the market index, the total turnover amount declined to Rs 4.485 billion from Rs 4.526 billion in the weekdays before Tihar. The average daily turnover amount stood at Rs 1.121 billion, up from Rs 905.32 million.
Microfinance, out of four losing groups, shed the highest of 131.42 points, followed by manufacturing and processing with a drop of 116.73 points, hotels and tourism with 22.98 points and banking with 8.96 points. Of the nine gainers, life insurance had its market value increased by 4.33 percent, while that of the non-life insurance increased by 2.51 percent.
Among individual companies, Sonapur Minerals and Oil Limited topped in terms of the transaction amount. The company’s shares worth Rs 306.208 were traded during the review period. Three Star Hydropower, adding 23.45 percent to its share price, was the highest gainer. Prime Commercial Bank Limited Promoter Share lost the highest of 15.34 percent of its market value.
The market capitalization increased to Rs 2.868 trillion from Rs 2.853 trillion. It led to a rise in the values of investors’ portfolios by Rs 15 billion.
