KATHMANDU, Nov 23: Nepal Stock Exchange (NEPSE) lost 68.34 points last week after investors rushed to book their capital gains from increased stock prices as banks reported increasing non-performing loans that could hit investors’ financial health.
The market opened at 2,748.78 points on Sunday and closed at 2,680.44 points on Thursday. During the four-day trading the market rose to a high of 2,787.87 points and fell to 2,676.25 points, posting a volatility of 111.62 points in the market. The market remained closed on Monday with the government declaring a public holiday to mourn the death of former Speaker Daman Nath Dhungana.
The secondary market, with a marginal increase of 4.98 points in its index, opened on a positive note on Sunday. However, the index dipped 51.11 points on Tuesday, followed by a nominal increment of 9.09 points on Wednesday. The market closed for the week on Thursday, plummeting by 31.31 points.
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Only two out of the 13 groups were the gainers. The development bank index inclined up by 7.72 points while mutual funds gained 0.07 points. Of the 11 losing groups, the finance index went down by 5.11 percent (192.34 points), followed by the manufacturing and processing index registering a fall of 4.12 percent (289.45 points).
Among the individual companies, Ngadi Group Power Limited had the biggest turnover of its shares worth Rs 1.48 billion during the review period. Gurans Laghubitta Bittiya Sanstha Limited with a decline of 19.88 percent in its market price was recorded as the topmost loser. Likewise, Mahila Laghubitta Bittiya Sanstha Limited gained the highest of 15.81 percent.
The total turnover amount was recorded at Rs 37.54 billion last week, down from Rs 47.17 billion in the previous week. The average daily turnover declined to Rs 9.38 billion from Rs 9.43 billion.
The market capitalization decreased to Rs 4.268 trillion from Rs 4.376 trillion, making the investors face a loss of Rs 108 billion in their investment portfolio in the review period. In the previous week, the investors gained Rs 117 billion from share trading.
