Published On: February 4, 2023 06:40 PM NPT By: Republica | @RepublicaNepal
KATHMANDU, Feb 4: Nepal Stock Exchange (Nepse) last week plunged 88.67 points with investors remaining in a wait and watch situation for Nepal Rastra Bank revising the monetary policy in favor of the share market.
The secondary market opened at 2,183.21 points on Sunday and closed at 2,094.54 points on Thursday. During the trading days, the market went as high as 2,192.27 points, while the index hit as low as 2,090.53 points. Overall, the market witnessed fluctuations of 101.74 points.
In the five-day trading, the secondary market lost in four days. The market started the week with a decline of 14.68 points on Sunday. Likewise, the market lost on the two consecutive days, with a fall of 41.16 points and 15.70 points, respectively. The market, however, inched up 4.97 points on Wednesday, followed by a loss of 22.12 points on Thursday.
All the 13 trading groups lost in their average share prices last week. Non-life insurance, life insurance, microfinance, development bank, hotels and tourism, hydropower, finance, manufacturing and processing and trading lost three-digit points.
The total turnover decreased marginally to Rs 13 billion from Rs 13.19 billion in the previous week. The average daily turnover also fell to Rs 2.601 billion from Rs 3.298 billion. Market capitalization declined from Rs 3.150 trillion to Rs 3.022 trillion.
Among individual companies, Ridi Power Company had the largest transaction of its shares worth Rs 446.84 million. The company was also recorded as the topmost loser. Likewise, Adarsha Laghubitta Bittiya Sanstha Limited gained the highest percent in its market price.
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