Nepal Stock Exchange (NEPSE) declined by 19.62 points last week, after the investors rushed to sell shares to manage financial resources as the second quarter of the current fiscal year is about to end.
The secondary market remained open for four days last week with the government declaring a public holiday on Sunday to mark Tamu Lhosar. The market opened at 2,068.90 points on Monday and closed at 2,049.28 points on Thursday.
During the review period, the market went as high as 2,095.61 points while it plunged to as low as 2,024.14 points, witnessing a volatility of 71.47 points.
The market started the week with a downfall of 8.75 points on Monday. The index fell 30.05 points on Tuesday, which was followed by a gain of 27.90 points on the next day. On Thursday, the market slid 8.71 points to close for the week.
The total turnover amount stood at Rs 18.158 billion, up from Rs 16.651 billion in the previous week. The average daily turnover however declined to Rs 4.539 billion from Rs 5.550 billion in the review period.
Out of the 13 groups, four were the gainers. Manufacturing and processing was the biggest gainer adding 76.51 points, followed by trading, hydropower and investment groups. Life insurance witnessed the biggest fall of 575.04 points (5.06 percent) in its index.
Among individual companies, Sonapur Minerals and Oil Limited had the highest transaction of its shares worth Rs 931.067 million. Muktinath Krishi Company Limited gained the largest of 46.34 percent of its market value. Himalayan Bank Limited Promoter’s price dropped 26.03 percent, the highest of all.
The market capitalization also decreased to Rs 3.183 trillion from Rs 3.213 trillion in the previous week. It made the shares investors lose Rs 30 billion in their portfolios.
