KATHMANDU, April 18: The Nepal Stock Exchange (NEPSE) last week remained almost stable, with the secondary market adding 0.63 points (0.02 percent) to its index amid the government speeding up investigations into the fixed property of high-profile officials.
During the review period, the secondary market opened for trading for four days, out of which it showed positive growth on two days. On Monday, the market slid by 4.18 points.
Weekly Commentary: Nepse up for a second straight week as inves...
The market remained closed on Tuesday as the government declared a public holiday to mark Nepali New Year 2083. On Wednesday, the market jumped 33.27 points, while it plunged 33.83 points the next day. On Friday, the NEPSE gained a nominal 5.36 points to close the week.
Five sectors, including hotels and tourism, hydropower, manufacturing and processing, trading, and mutual funds, were gainers, with hotels and tourism rising the most by 403.97 points (5.13 percent). Of the eight losing sectors, the life insurance index declined by 126.42 points, while the others index slumped by 2.84 percent.
Despite an increase in the NEPSE index, the average daily turnover declined to Rs 8.99 billion from Rs 9.54 billion in the previous week. Among individual companies, the share price of Suryakunda Hydro Electric Limited jumped by 46.40 percent, the highest among all.
Market capitalisation increased to Rs 4.841 trillion from Rs 4.824 trillion, securing investors capital gains of Rs 165 billion in their book values. Overall, market capitalisation increased by 0.34 percent. In the previous week, investors’ capital gains stood at Rs 945 billion.
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