KATHMANDU, June 17: Nepal Stock Exchange (Nepse) gained 102.46 points last week after the banks started lowering their interest rates.
The market opened at Rs 1,939.61 points on Sunday and it closed at Rs 2,042.07 points on Thursday. During this period, the market rose to as high as 2,066.99 points and as low as 1,941.76 points, resulting in a fluctuation of 125.23 points in the share market.
The market inclined up in all the five days of trading. The market opened with a notable gain of 40.48 points on Sunday, after Nepal Rastra Bank published a 10-month macroeconomic report, which showed the country’s most of the macroeconomic indicators in a positive line.
Nepse gained 73.27 points, while investors earned Rs 107 billio...
On Monday, the market increased marginally by 7.79 points, followed by a gain of 34.17 points on the next day. The market index was added with 16.43 points and five points, on Wednesday and Thursday, respectively.
All the 13 trading groups had their market indices increased. With an additional 942.94 points, life insurance topped the lists. Hotels and tourism gained 644.49 points, followed by manufacturing and processing with 538.16 points and non-life insurance with 460.76 points. Similarly, microfinance, development bank and hydropower were the gainers of three-digit points.
The total turnover amount increased to Rs 18.648 billion from Rs 10.285 billion in the previous week. During the review period, the daily turnover amount also increased to Rs 3.729 billion from Rs 2.057 billion.
Among the individual companies, Shivam Cements with a turnover of its shares worth Rs 914.94 million topped the transaction volume. City Hotel Limited had the largest gain of 60.85 percent and Prabhu Smart Fund lost highest of 17.94 percent.
The market capitalization inclined to Rs 2.986 trillion from Rs 2.831 trillion. As a result, the investors gained Rs 155 billion from their investment portfolio. In the previous week too, the investors gained Rs 107 billion.
