Nepse bids farewell to the FY 2021/22 by a single-day gain of 7.93 points on Friday

Published On: July 16, 2022 05:21 PM NPT By: Republica | @RepublicaNepal

In the past one year, index dropped overall 873.92 points while investors lost Rs 1.141 trillion from share market

KATHMANDU, July 16: Nepal Stock Exchange (Nepse) ended the fiscal year 2021/22 on a positive note with the market gaining 7.93 points on Friday, the last transaction day of the current fiscal year.

Last week, the secondary market opened at 1,992.62 points and closed at 2,009.46 points, adding 16.84 points in the market index. The market capitalization reached Rs 2.869 billion, giving the investors with Rs 28 billion in their book value.

Despite Nepse making investors fairly happy by the fiscal year end, the overall health of the country’s secondary market appeared dismal during the review period. In this fiscal year, the index fell by 30.31 percent.

On July 16, 2021, the market opened at 2,883.38 points while on Friday, it closed at 2,009.46 points. The secondary market reached the maximum of 3,198.60 points on August 18, 2021 whereas it plunged to as low as 1,848.28 points on June 23, 2022. Overall, a total of Rs 1.141 trillion was wiped out of the market.

There was a turnover of shares worth Rs 1.21 trillion in total in the past one year. Trading group lost the highest of 46 percent in its average share price, followed by the life insurance and non-life insurance companies with each witnessing a fall of 43 percent in their share prices.