KATHMANDU, March 14: Nepal Stock Exchange (NEPSE) last week bounced back 107.95 points (3.98%) with a regain in investors’ confidence after the March 5 election was concluded peacefully across the country.
In four-day trading, the secondary market opened at 2,712.49 points on Monday while it closed at 2,820.44 points on Thursday. The market remained closed on Sunday with the government announcing a holiday to mark ‘International Women’s Day.’ During the period, the index reached as high as 2,911.38 points and lowest of 2,757.12 points, resulting in a volatility of 154.26 points.
The secondary market witnessed three circuit breakers and jumped 162.93 points to close in just one hour of trading when it opened on Monday after the general election. In the following two days, the index declined 32.08 points and 46.78 points, respectively. The market, however, gained 23.87 points on Thursday to close for the weekdays.
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Sector-wise, all groups were gainers. The heavyweight banking index jumped by the highest of 5.73 percent (80.39 points), followed by hydropower with 5.66 percent and investment with 4.56 percent. Pointwise, the life insurance index escalated by the largest of 458.24 points.
Regarding the individual companies, Ngadi Group Power Limited with turnover of its shares worth Rs 1.91 billion was the topmost in the segment. Salapa Bikas Bank Limited stood as the topmost gainer by adding 34.15 percent in its market value. Trishuli Jal Vidhyut Company lost 5.68 percent, the highest of all.
The total turnover amount stood at Rs 49.79 billion last week. The average turnover soared to Rs 12.44 billion from Rs 5.94 billion in the previous week.
In the review period, the market capitalization increased to Rs 4.744 trillion from Rs 4.563 trillion, securing investors with capital gains of over Rs 181 billion in their book values. In the previous week, the investors gained Rs 22 billion from share transactions.
