KATHMANDU, May 2: The Nepal Stock Exchange (NEPSE) last week declined 49.98 points (1.79 percent) following the government started investigations against a number of high profile persons suspecting their involvement in embezzlement of people’s money.
The secondary market that opened at 2,788.70 points last week, closed at 2,738.72 points. In a four-day trading session, the market opened at a positive note by gaining 7.73 points on Monday. On the following three consecutive days, the index dropped 26.16 points, 25.81 points and 5.73 points, respectively.
Share investors lose Rs 85 billion as index plunges 1.75 percen...
All the sectors had their market values decline in the review period. The manufacturing and processing sector lost the largest of 278.35 points. Percentage-wise, the hydropower index plunged by the highest of 3.76 percent.
Along with the NEPSE index, the average daily turnover declined to Rs 5.29 billion from Rs 5.87 billion, marking a fall of 9.90 percent. Among individual companies, Shikhar Power Development witnessed the highest gain of 5.86 percent in its market price. Likewise, the share price of Mai Khola Hydropower Limited plunged by 22.84 percent, the topmost of all.
Market capitalization decreased to Rs 4.671 trillion from Rs 4.756 trillion, making the investors face a loss of Rs 85 billion of their book values. In the previous week also, investors had losses of equivalent amounts.
