Nepal Stock Exchange (Nepse) declined 37.44 points last week after investors remained unsatisfied by the measures that Nepal Rastra Bank (NRB) introduced through its monetary policy for the current fiscal year.
Although the Nepse responded positively to the monetary policy on the first day of announcement on Sunday, it went downhill in the remaining trading days last week as investors were largely unsatisfied. In the previous week, the index surged 78.99 points, with the investors keeping high hopes on the NRB’s monetary policy.
Among the handful of new measures, the monetary policy has focused on reducing the risk weightage on the loans against shares worth up to Rs 5 million, while it remains silent on similar loans of over Rs 5 million.
The secondary market opened at 2,163.92 points on Sunday while it closed at 2,126.48 points on Thursday. During this period, the index went as high as 2,243.88 points and as low as 2,125.14 points, taking the market to the volatility of 118.74 points.
The market started the week at a positive note by gaining 63.24 points on Sunday. The market index however declined in the rest of four trading days.
On Monday, the market plunged 26.66 points and it went further down 36.19 points on Tuesday. On Wednesday and Thursday, the market declined by 8.11 points and 29.71 points, respectively.
The total turnover amount however increased 13.38 percent to Rs 16.879 billion. During the review period, the daily turnover amount inclined up to Rs 3.375 billion from 2.977 billion.
The market capitalization fell to Rs 3.124 trillion from Rs 3.179 trillion. As a result, the investors lost Rs 55 billion from their investment portfolio in the share market during the review period.
