Kathmandu, November 10: The Nepal Stock Exchange last week (Nov 3 to 7) fell 14.18 points to close at 1,131.98 points after the general investors turn apathetic towards the secondary market that is reeling under the bearish trend.
The secondary market on Sunday opened at 1,146.17 points and fell 6.87 points. On Monday, it inched up 0.97 points and again declined successively on the rest of the three trading days.
“With the downward trend in the market, big investors are unwilling to inject their money in the secondary market, which has led to the successive decline in the market index for almost the past few months,” said a stockbroker on the condition of anonymity.
The sensitive index that measures the trading of shares of blue chips companies also went down 3.76 points to close at 248.32 points.
Of the 11 trading groups, the sub-indices of eight went down during the review period. Life insurance lost the largest by shedding 56.74 points. Likewise, the hotels, non-life insurance, manufacturing, ‘others’, development banks, commercial banks, and finance companies also witnessed double-digit lost.
Of the gainers, the trading and microfinance saw their sub-indices surging by double-digit points while the sub-index of hydropower inched up by 0.47 points.
With a decline in the share prices of the majority of the sub-groups, the market capitalization declined to Rs 1,437.29 billion from Rs 1,456.50, thus making the investors lose Rs19.21 billion in the book value of their investment portfolio.
Last week, Prabhu Bank witnessed the largest transaction volume of Rs 147.23 million followed by NMB Bank, Nabil Bank, Prabhu Bank, and Nepal Bank Limited.