KATHMANDU, May 24: Nepal Stock Exchange (NEPSE) gained 76.70 points last week. This was driven by the positively increased investment in the secondary market due to the appointment of the new governor for Nepal Rastra Bank.
In four-day trading, the secondary market opened at 2,611.85 points on Sunday and closed at 2,688.55 points on Thursday. During the period, the market went as high as 2,771.47 points and plunged as low as 2,605.03 points, while the market fluctuated by a notable 166.44 points.
With a decline of 2.79 points, the market opened at a negative note for the weekday trading on Sunday. However, the market bounced back on consecutive two days, with a surge of 19.30 points and 49.09 points respectively. The market corrected by 7.94 points on Wednesday, followed by a gain of 19.04 points again on Thursday.
Market ends week flat with Nepse yet to close above key 3,200 l...
Only the hydropower index lost by 0.13 percent in the review period. Of the 12 gaining groups, banking jumped 7.18 percent, the largest of all.
Among individual companies, Om Megashree Pharmaceuticals Limited added 61 percent to its market value and was recorded as the topmost gainer. Terhathum Power Company lost the highest of 38.72 percent. Radhi Bidyut Company had the highest turnover of its share worth over Rs 2.81 billion.
The total turnover amount inclined 22.56 percent to Rs 43.70 billion. The average daily turnover fell to Rs 8.74 billion from Rs 8.91 billion.
Along with the NEPSE index, the market capitalization also increased to Rs 4.473 trillion from Rs 4.344 trillion, which delighted the investors as there was a net gain of Rs 129 billion in their investment portfolio in the review period. The share investors posted a loss of Rs 83 billion in the previous week.
