KATHMANDU, May 27: Nepal Stock Exchange (Nepse) last week gained 81.80 points with the banks turning flexible to reduce interest rates on their loans.
In a four-day trading session with the government declaring a public holiday on Thursday, the secondary market opened at 1,877.32 on Sunday and closed at 1,959.12 points on Wednesday. During this period, the market rose to as high as 1,962.55 points and as low as 1,866.11 points, resulting in a volatility of 96.44 points in the share market.
The market index was on an inclining path throughout the trading days last week. On Sunday, the market increased marginally by 5.88 points, which was followed by a gain of 8.10 points on Monday.
On Tuesday, the market jumped 51.31 points. On the day, the turnover amount posted a three-month high at Rs 2.20 billion. By adding 16.49 points, the market closed for the week on Wednesday.
All the 13 trading groups had their market indices inclined up. Out of the six gainers of three-digit points, the non-life insurance index added 795.56 points. Life insurance and manufacturing and processing gained 611.41 points and 487.44 points, respectively.
The total turnover amount was recorded at Rs 6.952 billion, which was more than Rs 4.598 billion in the previous week. During the review period, the daily turnover amount increased to Rs 1.738 billion from Rs 919.60 million.
Among the individual companies, Shivam Cements topped the transaction volume with a turnover of its shares worth Rs 382.27 million. The share price of Aatmanirbhar Laghubitta Bittiya Sanstha Limited gained 46.39 percent and stood on top in the list. Adarsha Laghubitta Bittiya Sanstha Limited had the highest of 5.56 percent drop in its market value.
The market capitalization increased to Rs 2.858 trillion from Rs 2.738 trillion. As a result, the investors gained Rs 120 billion out of their investment portfolio.