KATHMANDU, Sept 21: The Nepal Stock Exchange (NEPSE) last week declined by 111.77 points, a fall in the fourth consecutive week.
Last week, the secondary market opened at 2,688.53 points on Sunday and closed at 2,576.76 points on Wednesday, the last trading day of the week in review. During the period, the index reached as high as 2,734.58 points and as low as 2,551.40 points, witnessing a volatility of 183.18 points.
Last week, the market had share trading only for three days with the government announcing two public holidays on Tuesday to celebrate Indra Jatra and on Thursday marking the National Day and Constitution Day of Nepal. The market opened with a heavy decline of 50.73 points on Sunday. It plunged by 57.03 points also on Monday, followed by a marginal drop of four points on Wednesday.
Investors lost Rs 142 billion from share transaction as NEPSE s...
All the 13 groups were listed as losers in the review week. Life insurance and non-life insurance lost the biggest of 645.82 points and 523.82 points, respectively. Percentage-wise, the finance group lost the highest of 11.45 percent (391.26 points) of its market price. The heavyweight banking index also declined by 26.27 points, while a total of 10 groups shed three-digit points.
Among individual companies, CEDB Hydropower Development Company Limited had the largest transaction of its shares worth over Rs 1.16 billion. Goodwill Finance Company Limited was recorded as the highest loser by shedding 20.63 percent (229 points) of its market value. The market price of Rawa Energy Development Ltd gained by the biggest of 24.39 percent (161.00 points).
In three-day shares trading, the total turnover amount stood at Rs 23.37 billion. The average daily turnover amounts fell to Rs 7.79 billion from Rs 8.36 billion in the previous week.
Market capitalization declined to Rs 4.0972 trillion from Rs 4.2749 trillion during the review week, which made the investors face a loss of 177 billion in their portfolio. In the previous week, investors lost Rs 62 billion.
