Nepal Stock Exchange (NEPSE) added 114.50 points while the total turnover doubled to Rs 31.29 billion last week, after the investors rushed to trade shares following the bullish trend that appeared in the share market for the past two weeks.
After banks started reducing their interest rates, the NEPSE in the previous week too had surged 141.83 points. The total turnover also jumped to over Rs 16 billion from Rs 7.64 billion.
Last week, the secondary market opened at 1,994.60 points on Sunday and closed at 2,109.10 points on Thursday. During the review period, the market went as high as 2,154.19 points while it plunged to as low as 1,951.05 points, witnessing volatility of 203.14 points.
The market started the week with a gain of 27.75 points on Sunday, while the index grew by notable points on the successive three days of trading. On Monday, the market added 38.14 points, followed by gains of 45.98 points and 35.39 points on Tuesday and Wednesday, respectively. On Thursday, the index plunged 32.77 points after investors rushed to book their capital gains from trading of the previous days.
Along with the escalated market index, the total turnover amount also jumped by a whopping amount. The single day turnover reached the one-year high amount. The average daily turnover almost doubled to Rs 6.258 billion from Rs 3.339 billion in the review period.
All the 13 trading groups posted gain in their indices. Manufacturing and processing by achieving 19.28 percent (992.38 points) was the highest gainer. Investment and trading groups increased 14.45 percent and 8.56 percent, respectively, in their market values.
Among individual companies, Shivam Cements Limited topped in terms of the transaction amount. The company’s shares worth Rs 1.363 billion were traded during the review period.
Bottlers Nepal Limited gained 61.04 percent of its share price and was recorded the top in the category. The price of NBBL Debenture 2085 dropped 20.93 percent, the highest of all.
The market capitalization also jumped to Rs 3.265 trillion from Rs 3.075 trillion in the previous week. It gave the shares’ investors with capital gains of Rs 190 billion in their portfolios. The amount however was less than the capital gains of Rs 219 billion in the previous week.
