KATHMANDU, April 22: Nepal Stock Exchange (Nepse) last week lost 30.07 points despite the ongoing problem in the government’s finance and banking system.

The secondary market opened at 1,934.47 points on Sunday and closed at 1,904.40 points on Thursday.  During the period, the market rose to as high as 1,944.58 points and as low as 1,893.33 points, which gave a volatility of 51.25 points in the share market.

Stockbrokers said the market last week was largely affected by the poor government revenue collection compared to the ballooning recurrent expenditure. According to them, the market was also adversely hit by the banks posting their third-quarterly financial reports, which showed increasing bad debts sustained by them.

With a marginal drop of 2.80 points on Sunday, the market opened with a negative note last week. The index plunged 23.63 points on Monday, while it again slid 3.07 points on Tuesday. On the remaining two days, the market added 15.13 points on Wednesday, while it again fell 15.73 points on Thursday.

Out of 13 trading groups, only hotels and tourism and non-life insurance gained in their market values. Manufacturing and processing lost 3.61 percent, the highest percentage value of its market price.

The total turnover amount of shares was recorded at Rs 4.62 billion, down from Rs 6.64 billion in the previous week. The daily turnover amount also plunged to Rs 924.12 million from Rs 1.32 billion.

The market capitalization declined to Rs 2.774 trillion, down from Rs 2.813 trillion, which made the investors face a loss of Rs 39 billion in their investment portfolio. 

 
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