Nepse plunged 6.59 points, while shares investors lost Rs 6 billion last week

Published On: April 1, 2023 06:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 1: Nepal Stock Exchange (Nepse) last week went down marginally by 6.59 points due to negative response shown by investors over the delay in appointment of the finance minister.

The secondary market opened at 1,915.14 points on Sunday and closed at 1,908.55 points on Thursday. During the review period, the market soared as high as 1,936.43 points and as low as 1,864.99 points. Overall, the market witnessed the volatility of 71.44 points.

With a notable fall of 26.85 points, the market opened at a negative note on Sunday. On Monday, the index however added up 17.70 points, followed by a gain of 12.41 points, and 1.02 points, on Tuesday and Wednesday, respectively. On the last trading day, the market declined again by 10.87 points.

According to stockbrokers, the country’s stock exchange market lost confidence due to not having a full-fledged government for a long time. As a result, the daily turnover fell as low as Rs 816.21 million.

Five out of the 13 trading groups—banking, development bank, finance, microfinance and mutual fund-- shed their market values. Hotels and tourism gained the highest of 106.38 points.

The total turnover stood at Rs 5.831 billion, up from Rs 5.115 billion in the previous week. The average daily turnover fell to Rs 1.166 billion from Rs 1.278 billion. Market capitalization dropped from Rs 2.770 trillion to Rs 2.764 trillion. 

Among individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 261.57 million. Samudayik Laghubitta Bittiya Sanstha Limited lost the highest percent of its market price. Likewise, Supermai Hydropower Limited was recorded as the topmost gainer. 

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