KATHMANDU, July 9: Nepal Stock Exchange (Nepse) last week fell by 36.15 points while the investors lost Rs 51 billion in their book value from the shares transactions.

During the review period, the secondary market opened at 2,028.77 points on Sunday and closed at 1,992.62 points on Friday. Overall the market index dropped 1.78 percent.

Despite the Securities Board of Nepal (Sebon) announcement to implement policies to improve the country’s shares market, it was adversely affected by the worsening macroeconomic indicators and controversies over Finance Minister Janardan Sharma, who faced allegation for manipulating taxes in the budget, and his subsequent resignation from his post, according to stockbrokers.

Last week, the market gained 57.65 points on Sunday. In the consecutive two days, the market declined by 9.75 points and 46.08 points, respectively. The market inched up 13.33 points on Wednesday before it plunged further by 16.60 points and 34.70 points, respectively, on Thursday and Friday.

The total turnover amount stood at Rs 14.95 billion, up by 29 percent than that of the previous week. The market capitalization, however, fell to Rs 2.841 trillion from Rs 2.892 trillion, a decline of two percent.

There was an increase in the average shares price of the trading group by seven percent. On the other hand, hotels and tourism lost the highest of 5.21 percent in their share value.

Shivam Cements held the largest turnover of its shares worth Rs 547.68 million. CYC Nepal Laghubitta Bittiya Sanstha Limited was the top gainer, with adding 46.4 percent in its shares price, while Ngadi Group Power Limited witnessed the largest of 43.06 percent fall in its share price during the review period. 

 
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