KATHMANDU, May 6: Nepal Stock Exchange (Nepse) last week dropped 20.02 points amid the country’s share market reeling under the bearish trend due to worsening condition of public finance.

The secondary market opened at 1,889.75 points on Sunday and closed at 1,869.73 points on Thursday. During four day trading, the market rose to as high as 1,878.96 points and as low as 1,846.98 points, resulting in a volatility of 31.98 points in the share market.

With a drop of Rs 19.10 points on Sunday, the market opened with a negative note last week. The market closed on Monday, to mark the International Labor Day.

On Tuesday, the market slid down 4.27 points, with a further fall of 9.18 points on Wednesday. The market, however, bounced back 12.73 points on Thursday.

The total turnover amount of shares was recorded at Rs 2.999 billion, down from Rs 4.052 billion in the previous week. The daily turnover amount also plunged to Rs 749.88 million from Rs 810.42 million. It fell to the six month low amount of Rs 620.26 million on Wednesday.  

The market capitalization declined further to Rs 2.724 trillion, a decline from Rs 2.753 trillion, which made the investors face a loss of Rs 29 billion in their investment portfolio. In the past two weeks, investors lost a total of Rs 60 billion from the share market. 

 
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