The Nepal Stock Exchange (NEPSE) inclined 67.78 points last week, following the development for the formation of a new government jointly by Nepali Congress and the CPN-UML.
The market opened at 2,051.92 points on Sunday and closed at 2,119.70 points on Thursday. The index reached a high of 2,156.46 points and a low of 2,030.50 points, witnessing a volatility of 125.96 points.
Except on the first day, the index inclined up for the remaining four days of trading. On Sunday, the market shed 14.83 points, followed by an increase of 16.29 points on Monday. On Tuesday, the market index increased by a whopping 47.04 points after the CPN-UML joined hands with Nepali Congress to form a new coalition to lead the government. On Wednesday and Thursday, the index added 3.79 points and 15.46 points, respectively.
All the 13 groups were the gainers last week. Trading posted the largest gain of 9.81 percent (278.08 points) in its market value. Development bank, finance and banking groups added 8.89 percent, 7.11 percent and 5.57 percent, respectively, in their market prices.
Among individual companies, NRN Infrastructure and Development Limited had the largest transaction of shares worth Rs 685.35 million. IME General Insurance Limited Promoter Share gained the largest of 64.87 percent (201.11 points). Himalayan Urja Bikas Company by shedding 29.48 percent in its market price was recorded as the topmost loser.
The total turnover amount increased to Rs 22.75 billion from Rs 21.41 billion in the previous week. The average daily turnover also inclined to Rs 4.55 billion from Rs 4.28 billion.
Market capitalization escalated to Rs 3.362 trillion from Rs 3.253 trillion during the review week, which gave the investors with capital gains of Rs 109 billion in their portfolio. In the previous week investors witnessed a loss of Rs 26 billion.
