KATHMANDU, May 17: Nepal Stock Exchange (NEPSE) last week lost 49.79 points as investors are waiting to welcome the new governor of Nepal Rastra Bank while expecting favourable government policies through the new budget for the next Fiscal Year (FY) 2025/26.
In four-day trading, the secondary market opened at 2,661.64 points on Sunday and closed at 2,611.85 points on Thursday. During the period, the market went as high as 2,692.50 points and plunged as low as 2,605.89 points, while the market volatility stood at 86.61 points.
The market index witnessed nominal decline on each trading day last week. With a decline of 12.53 points, the market opened for the weekday trading on Sunday. The market remained closed on Monday with the government declaring a holiday to mark Buddha Jayanti.
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On Tuesday and Wednesday, the market fell double digits value of 14.87 points and 13.96 points, respectively, On Thursday, the market shedded 8.41 points to close for the week.
Only two out of the 13 companies were recorded gainers. While the hotels and tourism index surged the largest of 7.30 percent, the development bank index also increased 1.03 percent. Of the 11 losers, the finance index plunged 6.20 percent, the highest of all.
Among individual companies, Sindhu Bikas Bank lost the highest of 19.17 percent of its market value. Om Megashree Pharmaceuticals Limited added 46.35 percent in its market value and was recorded as the topmost gainer. Radhi Bidyut Company had the highest turnover of its share worth over Rs 2.15 billion.
The total turnover amount declined 25.40 percent to Rs 35.65 billion. The average daily turnover also fell to Rs 8.91 billion from Rs 9.55 billion.
Along with the NEPSE index, the market capitalization also decreased to Rs 4.344 trillion from Rs 4.427 trillion, which made the investors face a cumulative loss of Rs 83 billion in their investment portfolio in the review period. The share investors posted capital gains of Rs 65 billion in the previous week.
