KATHMANDU, Aug 26: Nepal Stock Exchange (Nepse) declined 19.2 points last week after banks raised their interest rates.
The secondary market opened at 2,033.13 points on Sunday while it closed at 2,013.93 points on Thursday. During this period, the index went as high as 2,052.15 points and as low as 1,990.57 points, taking the market to the volatility of 61.58 points.
Nepse index plunged 34.68 points and shares investors lost Rs 4...
In five days of trading, the index started the week with a drop of 21.91 points. On Monday too, the index dipped 12.93 points. On consecutive two days, the market added 17.69 points and 29.47 points, respectively. The market on Thursday however fell 31.52 points to close for the week.
Along with a fall in the market index, the total turnover amount also declined heavily to Rs 7.247 billion from Rs 10.488 billion in the previous week. This shows that the transaction volume dropped 44.72 percent.
The average daily turnover amount also fell to Rs 1.449 billion from Rs 2.097 billion during the review period.
The market capitalization further declined to Rs 3.014 trillion from Rs 3.043 trillion during the review period. As a result, the investors lost Rs 29 billion from their investment portfolio in the share market. In the previous week, investors had lost Rs 18 billion in total from their share transactions.
