KATHMANDU, May 16: The Nepal Stock Exchange (NEPSE) last week decreased 13.71 points (0.50 percent) as the government’s latest move failed to improve investors’ confidence.
The secondary market that opened at 2,745.65 points last week, closed at 2,731.94 points. The market opened at a positive note with a gain of 38.19 points on Monday. For next three consecutive days, the index declined by 39.44 points, 4.15 points and 10.07 points, respectively. The market gained a modest increase of 1.77 points on Friday to close for the week.
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Two groups—trading and non-life insurance—were the gainers as they added 35.51 points and 35.35 points, respectively, in their market values. Of the 11 losers, hotels and tourism shed the largest of 142.04 points (1.79 percent).
The average daily turnover, however, inclined to Rs 3.69 billion from Rs 3.42 billion, marking a growth of 7.90 percent. Among individual companies, Ridge Line Energy Limited witnessed the highest fall 14.79 percent in its market price. Likewise, the share price of Sahas Urja surged 5.45 percent, the topmost of all.
Market capitalization fell to Rs 4.659 trillion from Rs 4.682 trillion, making the investors lose Rs 234 billion in their book values. In the previous week, investors had capital gains of 118 billion.
