KATHMANDU, July 11: The Nepal Stock Exchange (NEPSE) last week declined 52.62 points (1.98 percent) as a continuation of the low confidence of investors towards the country’s share market.
The secondary market opened for trading at 2,653.40 points and closed at 2,600.78 points. The market rose as high as 2,661.46 points and fell as low as 2,592.67 points, marking the volatility of 68.79 points over the period.
NEPSE jumps 83 points, hydropower sector leads gains
In five day trading, the market index declined for four days. It was only on Tuesday, the second trading day, the index surged by 24.57 points.
Sector wise, all the 13 groups had their market indices decline. Mutual funds lost the least of 0.79 percent, while the finance index was down by the highest of 3 percent.
Among the individual companies, share price of Kalanga Hydro Limited increased 30.57 percent, the highest of all. Likewise, the share price of Three Star Hydropower declined the highest of 25.60 percent.
The average daily turnover recovered to Rs 4.851 billion from Rs 3.66 billion, marking an increase of 32.40 percent. Market capitalization decreased to Rs 4.468 trillion from Rs 4.559 trillion, making the investors face a loss of Rs 91 billion in their book value. In the previous week, investors secured capital gains of Rs 25 billion from share transactions.
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