NEPSE escalated 234.43 points to cross 3,000 points; investors gained Rs 374 billion from share trading last week

Published On: August 17, 2024 01:32 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Aug 17: The Nepal Stock Exchange (NEPSE) last week escalated 234.43 points, backed by the increased confidence of the investors amid ongoing bullish market.

In the previous two weeks, the secondary market surged by 143.79 points and 187.51 points, respectively. The added value to NEPSE last week was perhaps the record-high single-week gain in the market index.

The secondary market opened at 2,766.38 points on Sunday and closed at 3,000.81 points on Thursday. The index reached as high as 3,036.64 points and as low as 2,779.24 points, witnessing a volatility of 257.40 points.

The market opened for the week with an increase of 94.46 points on Sunday. The market surged 70.81 points on Monday, along with achieving the highest single-day turnover of Rs 27.24 billion. It was corrected on Tuesday with a decline of 8.18 points, followed by a gain of 34.29 points on Wednesday. On the last transaction day, the index escalated by 43.05 points and the fresh record-high daily transaction was set at Rs 29.95 billion.

Out of the 13 groups, manufacturing and processing was the only loser that had its index decline by 161.38 points. Of the gainers, finance added the highest percentage rise of 15.01 percent (502.32 points) in its share price. It was followed by banking with 13.75 percent (203.71 points) and life insurance with 10.32 percent (1,376.29 points).

Among individual companies, Himalayan Reinsurance Limited had the largest transaction of its shares worth over Rs 5.20 billion. Himal Dolakha Hydropower Company Limited gained the highest of 43.45 percent (80.30 points). The share price of Kutheli Bukhari Small Hydropower Limited dropped by the largest of 20.18 percent (550.00 points).

The total turnover amount increased 53.02 percent; to Rs 127.92 billion from Rs 83.60 billion in the previous week. The average daily turnover inclined to Rs 25.58 billion from Rs 20.90 billion.

Market capitalization escalated to Rs 4.765 trillion from Rs 4.391 trillion during the review week, which gave the investors exorbitant capital gains of Rs 374 billion in their portfolio. In the previous week, investors had capital gains of Rs 19 billion.