KATHMANDU, Feb 12: Nepal Stock Exchange (Nepse) slid 75.18 points during last week trading despite a positive development seen at the political front with the government announcing the date for local polls.
The secondary market that opened at 2,876.74 points on Sunday finally closed at 2,801.56 points on Thursday. The market lost 40.57 points on the first day trading followed with a gain of 15.71 points on Monday.
NOC's depot to open on all days except Dashain Tika day
However, the market went through a downswing of 16.3 points, 22.06 points and 11.96 points respectively on the rest of the three days. The sensitive index that measures the performance of blue chip companies also fell 12.37 points to close at 527.28 points.
Along with the Nepse index, the turnover amount also declined by Rs 2.21 billion compared to that of the previous week. During the review period, the transaction amount stood at Rs 24.44 billion, down from Rs 26.66 billion.
With the drop in share prices, the investors lost Rs 105.72 billion in their book value. The market capitalization came down to Rs 3.959 trillion from Rs 4.065 trillion.
Investors on scrip of Nepal Doorsanchar Company (NTC) gained the largest proportion. Over the period, the price of NTC’s shares increased by 4.15 percent while the shares’ prices of Nepal Infrastructure Bank Limited increased 4.12 percent.
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