Nepse slid 75.63 points last week; average daily turnover plunged to Rs 2.40 billion from Rs 3.83 billion

Published On: August 13, 2022 04:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, August 13: Nepal Stock Exchange (Nepse) lost 75.63 points last week due the investors' fear of the possible bearish trend in the share market in the coming days.

The secondary market opened at 2,113.55 points on Sunday and closed at 2,037.92 on Thursday. Along with a decline in the Nepse index, the daily turnover also fell by a notable amount last week.

The secondary market started on a good note gaining 10.27 points on Sunday. However, the market failed to keep its pace in the rest of the trading days.

On Monday, the market fell by 17.68 points, followed by a loss of 43.35 points on Tuesday, 5.91 points on Wednesday and 18.96 points on Thursday. Over the week, the market went to as high as 2,140.09 points and to the lowest of 2,037.92 points. Overall, the market declined by 3.58 percent during the review period.

Total turnover stood at Rs 12.04 billion, a heavy decline from Rs 22.99 billion in the previous week. The average daily turnover fell to Rs 2.4 billion from Rs 3.83 billion.

Market capitalization declined to Rs 2.909 trillion from Rs 3.015 trillion, making investors suffer a loss of Rs 106 billion in book values of their shares. 

In Individual companies, Shivam Cements, with transactions of its shares worth Rs 618.67 million, topped the group. Citizen Investment Trust was the biggest loser while Himalayan Hydropower Limited gained the highest percent of its share value.  









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