KATHMANDU, June 27: The Nepal Stock Exchange (NEPSE) last week declined 52.60 points (1.95 percent) amid the low confidence of investors towards the country’s share market.
The secondary market opened for trading at 2,702.11 points and closed at 2,649.51 points. The market rose as high as 2,719.16 points and fell as low as 2,633.93 points, marking the volatility of 85.23 points over the period.
Weekly Commentary: Nepse up for a second straight week as inves...
The market index went to a straight fall in all five-day trading. The smallest fall was seen on Monday when the index slightly declined by 1.46 points, as the largest single day fall of 26.16 points was observed on Tuesday.
Sector wise, all the 13 groups had their market indices declined along with the overall index. As mutual funds witnessed the smallest drop of 0.11 points, the manufacturing and processing index plunged the largest of 365.67 points (3.31 percent).
The average daily turnover slid to Rs 4.002 billion from Rs 4.009 billion, marking a decline of 0.18 percent. Market capitalization fell to Rs 4.534 trillion from Rs 4.617 trillion, making the investors face a heavy loss of Rs 83 billion in their portfolio. In the previous week, investors lost Rs 37.5 billion in their book values.
