KATHMANDU, Sept 28: The Nepal Stock Exchange (NEPSE) last week declined by 90 points, in continuation of the bearish trend which continues for over the past month.

In the review period, the secondary market opened at 2,576.76 points on Sunday and closed at 2,486.76 points on Thursday. The index reached as high as 2,643.51 points and as low as 2,443.28 points, witnessing a volatility of 200.23 points.

The market opened for the week on a positive note by adding 11.58 points on Sunday. However, the index plunged by 59.02 points and 58.93 points on Monday and Tuesday, respectively. On Wednesday, the market bounced back with 49.18 points, which was followed by a decline of 32.81 points on Thursday.

All the 13 groups were listed as losers in the review week. Hotels and tourism shed the biggest of 351.03 points. Percentage-wise, the finance index fell 8.58 percent, the highest of all. A total of nine groups had their indices decline by three-digit points.

Among individual companies, Api Power Company Limited had the largest transaction of its shares worth over Rs 952.67 million. CEDB Hydropower Development Company Limited was recorded as the biggest loser, shedding 20.96 percent (419 points) of its market value. The market price of Upper Syange Hydropower Limited surged the highest of 24.62 percent (176.80 points).

Last week, the market witnessed a total turnover of more than Rs 26.09 billion, up from Rs 23.37 billion recorded in three-day trading in the previous week. The average daily turnover amount fell to Rs 5.21 billion from Rs 7.79 billion.

Market capitalization declined to Rs 3.9541 trillion from Rs 4.0972 trillion during the review week, which made the investors face a loss of Rs 143.10 billion in their portfolios. In the previous week, investors had lost Rs 177 billion.

 
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