KATHMANDU, Dec 3: Nepal Stock Exchange (Nepse) gained 27.51 points, while investors gained Rs 39.58 billion from the secondary market last week.
The market opened at 1,933.55 points on Sunday and closed at 1,961.06 points on Thursday. The market showed a positive response after the political parties stepped up efforts for the formation of a new government, along with Nepal Rastra Bank adopting a soft line in reducing interest rates through its revised monetary policy, according to the stockbrokers.
Earlier, despite the investors’ expectation that the stock exchange market could go up after elections, it had posted a gloomy picture with a successive fall in the market index. In the previous week, the market had slipped 3.28 points.
During last week, the market index went as high as 1,980.09 points and as low as 1,933.97 points. This shows the market volatility of 46.12 points.
On Sunday, the market added 32.43 points, which however, was followed by a drop of 15.61 points on Monday. On Tuesday, the index inched up by 2.99 points while on Wednesday; it again fell by 3.51 points. On Thursday, the market increased 11.22 points.
Out of 13 trading groups, except mutual funds, the remaining 12 sub-groups gained in their average market prices. Total turnover surged more than double to Rs 6.64 billion from Rs 3.30 billion in the previous week. The average daily turnover, however, increased to Rs 1.32 billion from Rs 1.10 billion. Market capitalization increased from Rs 2.781 trillion to Rs 2.820 trillion.
Among individual companies, Himalayan Distillery had the largest transaction of its shares worth Rs 830.47 million. Dhaulagiri Laghubitta Bittiya Sanstha was the top gainer, while Everest Bank Limited lost the highest percent in its share price.