KATHMANDU, July 8: Nepal Stock Exchange (Nepse) plunged a whopping 101.61 points last week due to the arriving fiscal year end and political turmoil.  

The secondary market posted a dismal picture last week compared to the previous week when the market gained a notable 95.46 points. The market fell 4.72 percent during the review period.

The market opened at 2,150.99 points on Sunday while it closed at 2049.38 points on Thursday. During the period, the index went as high as 2.158.83 points and as low as 2,033.59 points, taking the market to the volatility of 125.24 points.

The secondary market started the week with a notable decline of 53.70 points on Sunday. Monday trading also followed a drop of 21.32 points. The market however gained 12.73 points on Tuesday, before it dropped by 39.26 points and 0.06 points on Wednesday and Thursday, respectively.

Hotels and tourism were the only groups that gained in the trading last week. The group added 85.27 points on an average in its market value.

Out of 12 losers, life insurance had a drop of 749.80 points in its market price. Non-life insurance, microfinance, manufacturing and processing, development banks and hydropower were the losers of three-digit points.  

The total turnover amount declined 23 percent to Rs 17.860 billion. Previous week, the amount was Rs 23.251 billion. During the review period, the daily turnover amount also dropped to Rs 2.408 billion from Rs 5.749 billion.

Among the individual companies, Himalayan Life Insurance with a turnover of its shares worth Rs 1.071 billion topped the transaction volume. Citizen Investment Trust had the highest drop of 20.69 percent in its index, while City Hotels Limited had the highest increment of 60.95 percent of its index.

The market capitalization dropped to Rs 3.008 trillion from Rs 3.150 trillion. As a result, the investors lost Rs 142 billion from their investment portfolio in the share market in the review period. 

 
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