KATHMANDU, Feb 11: Nepal Stock Exchange (Nepse) last week gained 88.09 points backed by the country’s improved macroeconomic indicators reported by Nepal Rastra Bank (NRB).
The secondary market opened at 2,094.54 points on Sunday and closed at 2,182.63 points on Thursday. During the trading days, the market went as high as 2,213.78 points, while the index hit as low as 2,087.48 points. Overall, the market witnessed fluctuations of 126.3 points.
According to the stockbrokers, the market was also affected by the investors’ expectation that the NRB would revise the monetary policy to address the problems underlying the share market and the country’s financial sector. Previous week too, the market index plunged 88.67 points due to uncertainty in the NRB’s mid-term monetary policy review.
Nepse surged 78.99 points while investors gained 115 billion fr...
In a five day trading session, the secondary market increased marginally by 1.54 points on Sunday, which was followed by a gain of 4.62 points on Monday. With an additional value of 76.64 points, the stock exchange posted the largest increase of the weekdays on Tuesday.
However, the Nepse dropped slightly by 7.16 points on Wednesday. Finally, with a gain of 12.45 points on Thursday, the market was closed for the week’s trading.
All the 13 trading groups gained in their average share prices last week. Non-life insurance posted the biggest gain of 378.19 points, followed by life insurance and manufacturing and processing with 354.74 points and 273.33 points, respectively.
Total turnover decreased four percent to Rs 12.52 billion. The average daily turnover also fell to Rs 2.504 billion from Rs 2.601 billion in the previous week. Market capitalization increased from Rs 3.022 trillion to Rs 3.149 trillion.
Among individual companies, NIC Asia Bank had the largest transaction of its shares worth Rs 375.97 million. Joshi Hydropower Company was the topmost loser. Likewise, Laxmi Bank Debenture lost the highest percent in its market price.
