KATHMANDU, Oct 26: Nepal Stock Exchange (NEPSE) last week nosedived 118.22 points after investors lost their confidence due to the political uncertainty.
The secondary market opened at 2,745.36 points on Sunday and closed at 2,627.14 points on Thursday. During the period, the market rose as high as 2,748.78 points while it plunged as low as 2,614.65 points, posting a volatility of 134.13 points.
In a five-day transaction, the market index declined for four days. The market opened for the week with a fall of 47.44 points on Sunday, followed by a decline of 57.99 points on Monday. The index inclined up 25.88 points on Tuesday. On Wednesday and Thursday, the market again shed 20.41 points and 18.25 points, respectively.
Nepse index plunged 34.68 points and shares investors lost Rs 4...
All the 13 trading groups had their indices decline. The index of banking dropped by the highest of 5.27 percent, followed by hotels and tourism that witnessed its market value go down by five percent. In pointwise evaluation, life insurance shed the biggest of 691.75 points.
The total turnover amount stood at Rs 29.95 billion out of trading of 73,720,780 units of shares. The average daily turnover increased to Rs 5.99 billion from Rs 5.30 billion in the review period.
Among the individual companies, Kumari Bank Limited had the biggest turnover of its shares worth 1.07 trillion. Eastern Hydropower Limited with a decline of its share by 15.71 percent was the biggest loser. Peoples Hydropower Company Limited saw a growth of 19.25 percent of its market price and led the gainers’ segment.
Market capitalization declined to Rs 4.177 trillion from Rs 4.365 trillion during the review week, which made the investors lose Rs 188 billion from share transactions. In the previous week, the investors earned Rs 122.7 billion.
