KATHMANDU, Dec 31: Nepal Stock Exchange (Nepse) last week bounced back 161.82 points and crossed the mark of 2,000 points for the first time in four months as the investors of the secondary market were buoyed with some hope after the formation of a new government.
In four trading days, the secondary market opened at 1,867.21 points on Monday and closed at 2,029.03 points on Thursday. With the government declaring a public holiday on the occasion of Christmas on December 25, the market remained closed on Sunday.
Over the weekdays, the market went as high as 2,029.03 points, while the index hit as low as 1,868.18 points. Overall, the market witnessed fluctuations of 160.85 points.
NEPSE escalated 234.43 points to cross 3,000 points; investors...
On Monday, the market escalated by a whopping 56.88 points, followed by a gain of 59.87 points on Tuesday. The market was corrected with a fall of 11.81 points on Wednesday. On Thursday too, the market index added up with 56.88 points.
After Prime Minister Pushpa Kamal Dahal and Finance Minister Bishnu Prasad Poudel assumed their posts, the leaders expressed their concerns to solve the current economic problems of the country. Following their assurance, the entrepreneurs who were in protests for the past few weeks, called off their protests.
All the 13 trading groups gained in their average share prices last week. Of them, the finance index escalated by 17.39 percent, the largest of all.
Total turnover increased to Rs 10.99 billion from Rs 4.95 billion in the previous week. The daily turnover also increased from Rs 2.408 billion to Rs 3.010 billion. Market capitalization surged from Rs 2.700 trillion to Rs 2.934 trillion.
Among individual companies, Nepal Doorsanchar Company had the largest transaction of its shares worth Rs 497.86 million. Shrijanshil Laghubitta Bittiya Sanstha Limited was the top gainer, while CYC Nepal Laghubitta Bittiya Sanstha Limited lost the highest percent of its market value.
