KATHMANDU, Jan 24: Nepal Stock Exchange (NEPSE) last week went up 73.18 points (2.77 percent) after the investors gathered confidence with an improvement in the political environment that allows the government to hold general elections on stipulated time.
In four-day trading, the secondary market opened at 2,641.43 points on Sunday, while it closed at 2,714.61 points on Thursday. The government declared Monday a public holiday to mark Sonam Lhosar. During the trading period, the index reached as high as 2,728.05 points and as low as 2,640.13 points, resulting in the fluctuation of 87.92 points.
With an incline of 31.12 points, the market opened for the weekdays at a positive note on Sunday. On Tuesday too, the market had a whopping rise of 42.26 points. On Wednesday, the market corrected by 8.92 points, followed by a gain of 9.23 points on Thursday to close for the weekdays.
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Sector-wise, only trading was a loser, with a fall of 61.63 points (1.62 percent). Of the 12 gaining groups, finance escalated by the highest of 7.48 percent (181.20 points). Point-wise, manufacturing and processing achieved the largest of 420.60 points, while a total of eight groups had their market indices soared by three-digit points.
Regarding the individual companies, Manjushree Finance Limited with turnover of its shares worth Rs 1.49 billion stood as the topmost in the segment. Shreenagar Agritech Industries stood as the topmost gainer by adding 27.10 percent in its market value. Three Star Hydropower Limited lost 11.33 percent, the highest of all.
The total turnover amount almost doubled to Rs 38.25 billion from Rs 19.62 billion, posting an increase of 94.48 percent. The average turnover increased to Rs 9.56 billion from Rs 6.55 billion.
In the review period, the market capitalization increased to Rs 4.557 trillion from Rs 4.435 trillion, securing capital gains of Rs 122 billion for the investors. In the previous week, the capital gains amount was recorded at Rs 1.49 billion.
