NEPSE soared 112.73 points, while share investors made capital gains of Rs 178 billion last week

Published On: May 25, 2024 04:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 25: Nepal Stock Exchange (NEPSE) added a notable 112.73 point last week in the aftermath of Nepal Rastra Bank revising the monetary policy while banks took soft measures to provide loans against share through reducing the interest rates.

The market opened at 2,018.76 points on Sunday and closed at 2,131.49 points on Wednesday. The government announced a public holiday on Thursday to mark Buddha Jayanti. The index went as high as 2,140.02 points while it plunged to as low as 2,028.15 points, witnessing volatility of 111.87 points.

In the review period, the market escalated by double-digit points throughout the four trading days. It started the week with a whopping increase of 45.69 points on Sunday. The index surged by 27.54 points on Monday, followed by the increase of 23.94 points and 15.54 points on Tuesday and Wednesday, respectively.

All the 13 groups were the gainers. Life insurance added the highest of 387.75 points. Likewise, non-life insurance gained 311.57 points, hotels and tourism 201.80 points and banking gained 141.32 points.

Among individual companies, Pokhara Finance Limited held the largest transaction of its shares worth Rs 764.18 million. Samudayik Laghubitta Bittiya Sanstha Limited gained the highest of 410.08 points (46.39 percent), while People’s Power Limited lost the highest of 72 points (13.33 percent).

The total turnover amount inclined to Rs 21.99 billion from Rs 18.59 billion in the previous week. The average daily turnover also increased Rs 5.49 billion from Rs 3.71 billion.

The market capitalization also increased to Rs 3.379 trillion from Rs 3.201 trillion in the previous week. It gave the shares to investors with additional capital gains of Rs 178 billion in their portfolios. In the previous week, shares investors gained Rs 84 billion from the shares market.   


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