KATHMANDU, Feb 17: Nepal Stock Exchange (NEPSE) lost 34.29 points last week, after the investors responded negatively to the half yearly revision of monetary policy 2023/24 unveiled by Nepal Rastra Bank (NRB).
The market opened at 2,096.32 points on Sunday and closed at 2,062.03 points on Thursday. During the review period, the market went as high as 2,108.73 points while it plunged to as low as 2,055.82 points, witnessing volatility of 52.91 points.
The market started the week with a decline of 10.50 points on Sunday. The index increased 15.33 points on Monday. It nosedived 30.56 points on Tuesday in response to the revised monetary policy which failed to address expectations of the investors. On Wednesday, the index increased marginally by 5.91 points, followed by a decline of 14.46 points on Thursday to close the week.
Nepse index plunged 34.68 points and shares investors lost Rs 4...
The total turnover amount however increased to Rs 20.46 billion from Rs 14.30 billion in the previous week. The average daily turnover also surged to Rs 4.09 billion from Rs 2.86 billion.
Hydropower witnessed an increase of 1.02 percent in its market value and was the only gainer in the review period. Hotels and tourism plunged with the highest of 3.81 percent in its index.
Among the individual companies, Himalayan Reinsurance Limited had the largest transaction of its shares worth Rs 1.58 billion. Samaj Laghubitta Bittiya Sanstha by adding 61.03 percent in its market value led the gainers’ list. The market price of NIC Asia Growth Fund 2 dropped 23.50 percent, the highest of all.
The market capitalization fell to Rs 3.241 trillion from Rs 3.295 trillion in the previous week. It made the shares investors lose Rs 54 billion in their portfolios.
