The benchmark index logged loss this week after posting gains for two straight weeks. Nepse index had went up by 15.02 points over the past couple of weeks after posting loss for four straight weeks.
Stock brokers attribute ongoing political stagnation on constitution drafting process as the main factor behind volatility in the stock market.
"Consensus on constitution drafting process looks elusive," a stock broker told Republica. "The stagnation in the constitution drafting process has worried investors. This led to benchmark index's fall."
Most of the trading groups ended on red zone this week. Manufacturing and Processing, and 'Others' groups went up this week, gaining 5.13 points and 7.05 points, respectively, to close at 1,446.31 points and 755.42 points. Insurance group suffered the biggest loss of 130.63 points to close at 4,212.15 points.
Nepse marginally lower in week after last session recovery
The sub-indices of Hydropower and Hotels groups fell 43.21 points and 35.24 points, respectively, to settle at 2,235.17 points and 2,021.8 points. Banking, the heavyweight group, shed 9.09 points to close at 852.61 points. Finance and Development Bank groups saw their sub-indices fall by 2.21 points and 0.07 points, respectively, to settle at 541.73 points and 829.89 points. 'Trading' group remained unchanged at 196.93 points.
A total of 2.81 million units of shares of 174 listed companies worth Rs 1.57 billion were traded in the market this week through 7,577 transactions. The turnover is 14.56 percent higher than the transaction amount recorded last week.
