KATHMANDU, Oct 5: The Nepal Stock Exchange (NEPSE) added 110.73 points last week, after reeling under a bearish trend for over past one month.
In the review period, the secondary market opened at 2,486.76 points on Sunday and closed at 2,597.49 points on Wednesday. The government announced a public holiday on Thursday to mark Ghatasthapana, the first day of Hindu’s biggest festival Dashain. The index reached as high as 2,643.76 points and as low as 2,442.61 points, witnessing a volatility of 201.12 points.
The market opened for the week on a negative note by a fall of 22.36 points on Sunday. However, the index bounced back 44.45 points and 114.70 points, on Monday and Tuesday, respectively. On Wednesday, the market declined by 26.07 points to close for the week.
Tourists' arrival up at Kanchenjunga base camp
Only the mutual fund group was a loser, shedding 0.13 points. Of the remaining 12 groups that gained, life insurance added the highest of 637.34 points. Percentage-wise, the finance index surged the largest of 14.13 percent. A total of eight groups had their indices incline by three-digit points.
Among individual companies, CEDB Hydropower Development Company Limited had the largest transaction of its shares worth over Rs 657.36 million. Eastern Hydropower Limited was recorded as the biggest gainer, adding 24.52 percent (179 points) of its market value. The market price of Prabhu Select Fund plunged the biggest of 11.86 percent.
Last week, the market witnessed a total turnover of more than Rs 22.16 billion in four-day trading, down from Rs 26.09 billion recorded in the previous week. The average daily turnover amount increased to Rs 5.54 billion from Rs 5.21 billion.
Market capitalization inclined to Rs 4.1302 trillion from Rs 3.9541 trillion during the review week, which gave the investors capital gains of Rs 176.2 billion in their portfolios. In the previous week, investors faced a loss of Rs 143.10 billion.
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