KATHMANDU, Sept 27: Nepal Stock Exchange (NEPSE) last week surged by 140.09 points after the investors regained their confidence after the government announced a number of measures to reform the share market.
The market opened at 2,511.91 on Sunday and closed at 2,652 points on Thursday. The market index reached as high as 2,689.67 points, while it hit the lowest of 2,483.15 points. It shows the volatility of 206.52 points over the period.
In a four-day trading session, the market jumped 111.70 points on Sunday. The market remained closed with the government announcing holiday on the occasion of Ghatasthapana, the first day of Dashain.
NEPSE escalated 234.43 points to cross 3,000 points; investors...
On Tuesday too, the market gained 58.63 points, relieving the investors who lost a big chunk from share market by the whopping 160 points plunged in the previous week. On consecutive two trading days, the market declined by 27.89 points and 2.35 points, respectively.
With a decline of 2.51 percent on an average, the non-life insurance was the only losing group in the review period. Out of 12 gainers, the trading group escalated by 10.31 percent, the highest of all.
Him Star Urja Company Limited with an addition of 46.36 percent in its market price stood as the topmost gainer. Siddhartha Premier Insurance Limited had its share price declined by the largest of 9.24 percent. In terms of share transactions amount, Nepal Reinsurance Company Limited led the group with a turnover amount of Rs 1.70 billion.
The total turnover amount stood at 21.85 billion, as the average daily turnover was recorded at Rs 5.46 billion. Due to the Gen Z protests followed by a series of violence, the market witnessed transactions only for a single day in the previous week.
Along with the NEPSE index, the market capitalization also increased to Rs 4.433 trillion from Rs 4.199 trillion, which gave the investors with capital gains of Rs 234 billion in their investment portfolio. In the previous week, investors faced a loss worth Rs 268 billion.
