KATHMANDU, Nov 4: Nepal Stock Exchange (Nepse) lost 56.14 points last week amid the banks reporting fall in their quarterly profits while the government has been facing an increasing fiscal deficit.

The secondary market opened at 1,903.84 points on Sunday and closed at 1,847.70 points on Thursday. During the review period, the market plunged to as low as 1,843.02 points and as high as 1,879 points, witnessing a volatility of 35.98 points.

The market started the week with a double-digit fall of 28.18 points on Sunday. On Monday, the market however increased marginally by 3.04 points.

In the remaining three days, the market posted a fall in its index. On Tuesday, the market fell 14.29 points, followed by a decline of 5.83 points and 10.86 points on Wednesday and Thursday, respectively.

Along with a fall in the market index, the total turnover amount also appeared pathetic at Rs 3.785 billion, almost half of the amount compared to a few weeks ago. The daily turnover amount plunged to as low as Rs 571.48 million. Similarly, average daily turnover amount stood at a mere Rs 757.03 million during the review week.  

The market capitalization declined to Rs 2.846 trillion from 2.90 trillion. It led to a drop in the values of investors’ portfolios by Rs 54 billion.   

 
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