KATHMANDU, Dec 7: Nepal Stock Exchange (NEPSE) lost 13.12 points last week after investors turned away from injecting their money in high value shares to invest in shares with low prices.
The market opened at 2,748.05 points on Sunday and closed at 2,734.93 points on Thursday. During the review period, the market rose as high as 2,774.14 points while it fell to as low as 2,707.94 points, witnessing a volatility of 66.2 points.
The secondary market opened for weekday-trading with a decline of 9.99 points on Sunday. The market, however, bounced back by recovering 19.97 points on Monday, followed by a gain of 17.80 points on Tuesday. On the consecutive two days, the index plunged by 24.97 points and 15.93 points, respectively.
Nepse index plunged 34.68 points and shares investors lost Rs 4...
Three groups—trading, life insurance and hydropower—were the gainers, with the trading group escalating by the largest of 19.99 percent in its index. Finance, by shedding 7.43 percent in its market value, was the biggest loser. Banking and ‘others’ indices declined by 3.51 percent and 2.65 percent, respectively.
Among the individual companies, Nepal Finance Limited had the biggest turnover of its shares worth Rs 1.58 billion during the review period. Ngadi Group Power Limited, by shedding 37.68 percent, was recorded as the topmost loser. Khani Khola Hydropower Company by adding 45.36 percent in its market price was the largest gainer in the review period.
The total turnover amount was recorded at Rs 45.39 billion, up from Rs 39.38 billion in the previous week. The average daily turnover however increased to Rs 9.07 billion from Rs 7.87 billion.
The market capitalization declined to Rs 4.536 trillion from Rs 4.556 trillion, making the investors suffer a loss of Rs 20 billion in their investment portfolio in the review period. In the previous week, the investors gained Rs 288 billion from share trading.
