KATHMANDU, June 22: The Nepal Stock Exchange (NEPSE) plunged 43.98 points last week, with investors in a wait-and-watch mode for Nepal Rastra Bank to endorse the monetary policy for the next fiscal year.

The market opened at 2,112.29 points on Sunday and closed at 2,068.31 points on Thursday. The index reached a high of 2,116.03 points and a low of 2,063.99 points, witnessing a volatility of 52.04 points.

In the four days of trading during the review period, the market index decreased on three days. The market started the week with a decline of 17.04 points on Sunday. On Monday, the market remained closed as the government announced a holiday to mark Eid, the festival of the Islamic community. The index declined by 18.76 points on Tuesday, followed by a marginal gain of 2.27 points on Wednesday. On Thursday, the market closed by shedding 10.44 points.

The finance sector was the only gaining group, adding 60.20 points. Of the remaining 12 losing sectors, development banks shed the highest at 3.03 percent (125.70 points) of their market value. Life insurance, manufacturing and processing, microfinance, and hotels and tourism were the other significant losers, each dropping by three-digit points.

Among individual companies, Nepal Finance Limited had the largest transaction of shares worth Rs 641.54 million. The company gained the most, with a 26.52 percent (159.40 points) increase in its market price. NICA Bank Limited Promoter Share lost the most, dropping by 36.92 percent (122.30 points).

The total turnover amount nosedived to Rs 16.80 billion from Rs 28.57 billion. The average daily turnover also fell to Rs 4.20 billion from Rs 5.71 billion in the previous week.

Market capitalization declined to Rs 3.279 trillion from Rs 3.349 trillion during the review week, resulting in a Rs 7 billion loss for investors. In the previous two weeks, investors had made a total of Rs 68 billion in capital gains.

 
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