KATHMANDU, April 6: Nepal Stock Exchange (NEPSE) declined 31.59 points last week after the government failed to introduce effective measures to revamp the market despite the investors’ expectation from the new government alliance. 

In a five-day trading, the market opened at 2,035.64 points on Sunday and closed at 2,004.05 points on Thursday. In the review period, the market went as high as 2,040.27 points while it plunged to as low as 2,000 points, witnessing volatility of 40.27 points.

The market index declined in the entire trading days last week. The secondary market started the week with a double digit fall of 17.30 points on Sunday. It was followed by the marginal fall of 6.26 points and 1.85 points, on Monday and Tuesday, respectively. On the remaining two days also, the market shed 3.43 points and 2.73 points.

The total turnover amount however inclined to Rs 13.94 billion from 9.73 billion in the previous week. The average daily turnover also increased to Rs 2.78 billion from Rs 2.43 billion.

Of the two gaining groups, microfinance added the highest of 179.77 points, followed by hotels and tourism of 66.98 points. Out of the 11 losers, manufacturing and processing witnessed a fall of 543.77 points.   

Sarbottam Cement Limited had the highest transaction of its shares worth Rs 1.16 billion. The company, however, lost Rs 239.60 per unit in its market price, the highest of all. Gurans Laghubitta Bittiya Sanstha Limited with an addition of its share price worth Rs 659 per unit was recorded as the highest gainer.

The market capitalization declined to Rs 3.177 trillion from Rs 3.227 trillion in the previous week. It made the shares investors lose Rs 5 billion in their portfolios. In the previous week too, investors suffered a loss of Rs 21 billion. 

 
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