KATHMANDU, July 13: The Nepal Stock Exchange (NEPSE) jumped 84.91 points last week, after Nepali Congress and the CPN-UML forged an agreement to form a new government.

Since the previous week when the two big political parties in the federal parliament agreed to form a new government, the market started to take an upward graph. The outgoing prime minister Pushpa Kamal Dahal made an unsuccessful attempt to secure a vote of confidence on Friday, leaving the investors’ confidence high.

The secondary market opened at 2,119.70 points on Sunday and closed at 2,204.61 points on Thursday. The index reached a high of 2,205.15 points and a low of 2,121.99 points, witnessing a volatility of 83.16 points.

In five day trading last week, the market index escalated four days. On Sunday, the market opened for the week at a positive note by adding 21.27 points. On Monday, it slipped down 4.62 points. On Tuesday, Wednesday and Thursday, the market gained double-digit marks of 15.79 points, 23.25 points and 29.21 points, respectively.  

Out of the 13 groups, the index of trading and finance declined 113.70 points and 13.74 points, respectively. Of the remaining, microfinance gained the highest of 6.60 percent (300.01 points). Banking added 5.34 percent, life insurance added 5.06 percent and non-life insurance added 3.80 percent in their respective market values.   

Among individual companies, NRN Infrastructure and Development Limited had the largest transaction of its shares worth Rs 933.88 million. Ganapati Laghubitta Bittiya Sanstha Limited gained the largest of 21.07 percent (348.10 points). The share price of Mailung Khola Vidhyut Company Limited dropped by the largest 20.14 percent (148 points).

The total turnover amount increased to Rs 28.93 billion from Rs 22.75 billion in the previous week. The average daily turnover also inclined to Rs 5.78 billion from Rs 4.55 billion.

Market capitalization escalated to Rs 3.496 trillion from Rs 3.362 trillion during the review week, which gave the investors with capital gains of Rs 134 billion in their portfolio. In the previous week, investors witnessed a gain of Rs 109 billion. 

 
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