KATHMANDU, August 27: Nepal Stock Exchange (Nepse) dropped 45.64 points last week due to selling pressure amid low confidence of investors.

The secondary market opened at 2,068.26 on Sunday and closed at 2,022.62 points on Friday. While the market went into small fluctuations over the first four days, the market declined double-digit points in the last two days of the week’s trading.

On Sunday, the market fell 7.72 points, followed by a drop of 7.41 points on Monday. The market index inched up 1.85 points and 2.86 points on Tuesday and Wednesday, respectively. Failing to continue with the gain, the market again declined by 18.29 points and 16.93 points, respectively, on the two consecutive days.                                                          

The daily turnover amount stood between Rs 1.29 billion and Rs 2.04 billion. The total transaction amount during the review period was Rs 9.61 billion, a drop from Rs 10.50 billion in the previous week.

Market capitalization declined to Rs 2.898 trillion from Rs 2.963 trillion, taking the investors with a loss of Rs 65 billion in book values of their shares.

 
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