Nepse index plunged 34.68 points and shares investors lost Rs 40 billion last week

Published On: December 17, 2022 04:25 PM NPT By: Republica  | @RepublicaNepal

In the past two weeks, index went down 80 points while investors lost Rs 100 billion

KATHMANDU, Dec 17: Nepal Stock Exchange (Nepse) plunged 34.68 points and shares investors lost Rs 40 billion from the secondary market last week.

The market opened at 1,917.28 points on Sunday and closed at 1,882.60 points on Thursday. Over the period, the market rose as high as 1,918.03 points and fell to as low as 1,868.77 points, undergoing a volatility of 49.26 points.

On Sunday, the market went down by a notable 31.97 points, which took down the investors’ confidence throughout the trading days over the week. On Monday, the market recovered with a gain of 16.96 points. It was followed by a marginal loss of 2.57 points and 2.62 points, respectively, on the two consecutive trading days. The index fell 14.48 points on the last trading day to close for the week.

Out of 13 trading groups, only hydropower and ‘others’ gained marginal values, while the remaining 11 sub-groups lost in their average market prices. Total turnover shrunk to Rs 5.166 billion from Rs 5.852 billion in the previous week. The average daily turnover also declined to Rs 2.408 billion from Rs 3.010 billion. Market capitalization fell from Rs 2.761 trillion to Rs 2.721 trillion.

In individual companies, Nabil Bank had the largest transaction of its shares worth Rs 450.37 million. People’s Hydropower Company was the top loser, while CYC Nepal Laghubitta Bittiya Sanstha Limited gained the highest percent of its market value.

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