KATHMANDU, July 2: Nepal Stock Exchange (Nepse) bounced back 166.71 points last week after the commitment from the government authority to duly follow the policy reform to improve the stock trading in the country.
The market opened at 1862.06 points on Sunday and closed at 2,028.77 points on Friday. With the notable rise in market value of shares, investors gained Rs 238 billion in their book value.
Nepse bounced back with double digit gains of 27.51 points; sha...
Last week, the Nepse index went as high as 2,053.39 points. The market jumped by a gain of 94.92 points on Sunday, the first day trading after the Securities Board of Nepal (Sebon) expressed its concern to address the inefficiencies prevailing in the country’s share market.
The index dropped on two consecutive days with a fall by 23.85 points and 11.82 points, respectively, after investors rushed to book gains out of the surged shares prices. However on Wednesday and Thursday, the Nepse index was added with 41.39 points and 74.93 points, respectively, which was followed by a decline of 8.87 points on Friday.
The total turnover amount stood at Rs 10.64 billion, up by 39.50 percent than that of the previous week. The market capitalization also increased to 2.892 trillion from Rs 2.654 trillion, an increase of 8.95 percent.
Among individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 377.14 million. With an increase in its share price by 77.1 percent, CYC Nepal Laghubitta Bittiya Sanstha Limited was the top gainer. Gurans Laghubitta Bittiya Sanstha Limited witnessed the largest 4.98 percent fall in its share price during the review period.
