KATHMANDU, Sept 10: Nepal Stock Exchange (Nepse) declined 32.88 points last week due to low confidence of investors amid ongoing bearish trend at the secondary market.
The market opened at 1,970.62 points on Sunday and closed at 1,937.74 points on Thursday. Except on the first day of the week, Nepse went into a down swing in the remaining trading days.
Nepse lost 71.42 points, while investors lost Rs 102.61 billion...
The market started with a positive note on Sunday when the market gained 6.68 points. On Monday Nepse slipped by a marginal value of 4.29 points, followed by a double-digit fall on the consecutive two trading days.
On Tuesday and Wednesday, the market declined by 21.16 points and 11.97 points, respectively. On Thursday, the market index fell by 2.13 points.
During the review period, there was total turnover of shares worth Rs 5.035 billion. The lowest transaction was recorded on Wednesday, when the turnover amount was mere Rs 826.23 million. The average daily turnover stood at Rs 1.007 billion, which was less than the amount of Rs 1.08 billion in the previous week.
Market capitalization declined to Rs 2.779 trillion from Rs 2.826 trillion, taking the investors with a loss of Rs 47 billion in book values of their shares.
