Nepal Stock Exchange (NEPSE) added 141.83 points last week in the aftermath of Nepal Rastra Bank adopting lenient policy on loans against shares and real estate transactions through the first quarterly review of the monetary policy for the current fiscal year.
The secondary market opened at 1,852.77 points on Sunday and closed 1,994.60 points on Thursday. During the review period, the market went as high as 2,016.87 points while it plunged to as low as 1,866.06 points, witnessing volatility of 150.81 points.
The market started the week with a whopping growth of 111.20 points on Sunday, as an impact of the central bank reducing its policy rate and bank rate. However, on the remaining trading days, the growth slowed mainly after the investors looked to book their capital gains out of the massive surge in shares prices on the first trading day of the week.
On Monday, the market shed 15.40 points, followed by a 36.86 points gain on Tuesday. On Wednesday and Thursday, the market increased marginally by 2.60 points and 6.55 points, respectively.
Along with the escalated market index, the total turnover amount jumped more than double to Rs 16.695 billion from Rs 7.645 billion in the previous week. During the review period, the average daily turnover amount also escalated to Rs 3.339 billion from Rs 1.529 billion.
All the 13 trading groups posted gains in their indices. Hydropower group got the highest percentage gain by adding an average of 13.17 percent in its market value. Finance added 9.38 percent, followed by manufacturing and processing with 9.22 percent.
Among individual companies, Sonapur Minerals and Oil Limited topped in terms of the transaction amount. The company’s shares worth Rs 745.67 million were traded during the review period.
Dolti Power Company Ltd gained 55.90 percent of its share price and was recorded the top gainer in the category. The price of Prime Debenture 2088 dropped 4.24 percent, the highest of all.
The market capitalization however jumped to Rs 3.075 trillion from Rs 2.856 trillion in the previous week. It gave the share investors with capital gains of Rs 219 billion in their portfolios.
