•   Sunday, 23 Jun, 2024

Nepse slipped 1.67 points while investors lost Rs 3 billion in shares trading last week

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KATHMANDU, Dec 2: Nepal Stock Exchange (Nepse) lost 1.67 points last week amid political uncertainty regarding the reshuffle of the government.

The secondary market opened at 1,860.20 points on Sunday and closed 1,858.53 points on Thursday. During the review period, the market went as high as 1,926.12 points while it plunged to as low as 1,851.40 points, witnessing volatility of 74.72 points.

The market started the week with a notable gain of 47.75 points on Sunday. The market failed to retain its charms for the remaining days of the week.

On Monday, the market declined 11.27 points, followed by a nominal fall of 2.17 points on Tuesday. On Wednesday and Thursday, the index dropped 17.93 points and 18.06 points, respectively.

Despite a fall in the market index, the total turnover amount jumped to Rs 7.606 billion from Rs 4.485 billion in the previous week. The average daily turnover amount stood at Rs 1.521 billion, up from Rs 1.121 billion.

Three out of 13 groups, including banking, hydropower and microfinance shed their market values during the review period. Among the gainers, hotels and tourism added the highest of 135.88 points. It was followed by life insurance with 88.68 points and non-life insurance with 82.25 points.

Among individual companies, Sonapur Minerals and Oil Limited topped in terms of the transaction amount. The company’s shares worth Rs 437.165 million were traded during the review period. Mountain Energy Nepal Limited, losing 13.44 percent of its share price, was the highest loser. Siddhartha Investment Growth gained the highest of 16.25 percent of its market value.

The market capitalization dropped to Rs 2.865 trillion from Rs 2.868 trillion the previous week. It led to a decline in the values of investors’ portfolios by Rs 3 billion.   


Source: myRepublica
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