KATHMANDU, Sept 14: Nepal Stock Exchange (NEPSE) last week declined by 38.83 points, continuing its fall for the third consecutive week after witnessing over a month-long bullish trend.

Last week, the secondary market opened at 2,727.36 points on Sunday and closed at 2,688.53 points on Thursday. During the period, the index reached as high as 2,760.45 points and as low as 2,601.91 points, witnessing a volatility of 158.54 points.

The market opened for the week with a decline of 25.46 points on Sunday. It plunged by 55.86 points on Monday, followed by a drop of 13.09 points on Tuesday. On Wednesday too, the market shed 22.73 points. The market however bounced back, gaining 78.31 points on Thursday.

Only investment out of the 13 groups succeeded to add 1.14 points to its index. Non-life insurance added the largest of 659.45 points (5.03 percent). Life insurance plunged by the highest of 3.24 percent (426.62 points), followed by a decline of 3.01 percent (166.78 points). Non-life insurance, hotels and tourism, and development banks were also recorded as losers of three-digit points.

Among individual companies, CEDB Hydropower Development Company Limited had the largest transaction of its shares worth over Rs 1.81 billion. The company also stood as the biggest gainer by adding 20.75 percent to its market value. The market price of Sanima Equity Fund declined by the biggest of 15.08 percent.

The total turnover amount decreased by a hefty 30.03 percent; to Rs 41.82 billion from Rs 59.77 billion in the previous week. The average daily turnover also declined to Rs 8.36 billion from Rs 11.95 billion.

Market capitalization dropped to Rs 4.2749 trillion from Rs 4.3364 trillion during the review week, which made the investors face a loss of Rs 62 billion in their portfolios. In the previous week, investors had lost Rs 30.38 billion.

 
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