The Nepal Stock Exchange (NEPSE) saw a decline of 13.12 points last week, as investors shifted from high-value shares to lower-priced stocks. The market opened at 2,748.05 points on Sunday and closed at 2,734.93 points on Thursday. During the week, the market reached a high of 2,774.14 points and a low of 2,707.94 points, experiencing volatility of 66.2 points.
The market started the week with a decline of 9.99 points on Sunday, then bounced back with a 19.97-point increase on Monday and a 17.80-point rise on Tuesday. However, the index dropped by 24.97 points on Wednesday and 15.93 points on Thursday.
Among the sectors, the trading, life insurance, and hydropower groups saw gains, with the trading group seeing the largest increase of 19.99%. On the other hand, the finance sector experienced the biggest loss, shedding 7.43% of its market value. The banking and ‘others’ sectors also saw declines of 3.51% and 2.65%, respectively.
In terms of individual companies, Nepal Finance Limited had the highest turnover, with shares worth Rs 1.58 billion traded during the week. Ngadi Group Power Limited was the biggest loser, dropping 37.68%, while Khani Khola Hydropower Company recorded the largest gain, rising by 45.36%.
The total turnover for the week was Rs 45.39 billion, up from Rs 39.38 billion the previous week. The average daily turnover increased to Rs 9.07 billion from Rs 7.87 billion. Despite these higher turnovers, the market capitalization declined from Rs 4.556 trillion to Rs 4.536 trillion, leading to a loss of Rs 20 billion in investor portfolios. This came after a gain of Rs 288 billion in the previous week.
