Nepse bounced back 43.13 points last week, investors gained Rs 63 billion

Published On: November 19, 2022 04:53 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Nov 19: Nepal Stock Exchange (Nepse) gained 43.13 points (2.28 percent), while investors gained Rs 63 billion in their book values last week. The average daily turnover however fell from Rs 1.44 billion to Rs 1.06 billion.

The secondary market opened at 1,893.70 points on Sunday and closed at 1,936.83 points on Thursday. The index went as high as 1.939.56 points and as low as 1,879.53 points during the review period.

With a decline of 10.54 points, the market started its week on a negative note on Sunday. It was followed by a gain of 21.29 points and a slight fall of 6.59 points, respectively, on the two consecutive trading days. On Wednesday and Thursday, the market again increased by 13.40 points and 25.57 points, respectively.

During this period, the market was impacted by the political vibe triggered by the election to the House of Representatives and provincial assemblies. Similarly, the investors were also influenced by news related to the improvement in the country’s macroeconomic indicators and possibility of decline in banks’ interest rates any time soon, said the stockbrokers.

The cumulative daily turnover was recorded at Rs 5.319 billion over the last week, a fall from Rs 7.23 billion. The market capitalization however increased from Rs 2.723 trillion to Rs 2.786 trillion.

All the 13 trading groups gained in their market values. Among the individual companies, Shivam Cements, with turnover of its shares worth Rs 430.36 million, topped in terms of the transaction volume. Sayapatri Hydropower Limited was the highest gainer while Nabil Balanced Fund-2 lost the largest percent in its share price.

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