KATHMANDU, Jan 3: Nepal Stock Exchange (NEPSE) last week escalated 35.05 points (1.36 percent) with a positive political development towards the timely conduction of general election scheduled on March 5.
The secondary market opened at 2,585.87 points on Sunday, while it closed at 2,620.92 points on Thursday. The market operated for four days as the government declared Tuesday as a public holiday to mark Tamu Lhosar, the greatest festival of the Gurung community. Over the period, the index went as high as 2,643.64 points, while it was recorded at a low of 2,586.41 points, resulting in a volatility of 57.23 points.
With an addition of 47.55 points, the market opened for the weekdays at a positive note on Sunday. The index dropped 10.53 points on Monday. Likewise, the market gained 10.87 points on Wednesday, followed by a decline of 12.83 points on Thursday; closing for the week’s trading.
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Only the trading index slumped by 0.67 percent. Of the 12 gainers, the manufacturing and processing group escalated by 3.09 percent (256.14 points) as development bank followed with an addition of 2.96 percent.
Regarding the individual companies, SY Panel Nepal Limited with turnover of its shares worth Rs 745.96 million stood as the topmost in the segment. The company also stood as the topmost gainer by adding 29.57 percent in its market value. Wean Nepal Laghubitta Bittiya Sanstha Limited lost the highest of 19.81 percent of its market value.
Along with the market index, the total turnover amount also inclined to Rs 20.15 billion from Rs 14.69 billion (a 37.12 percent rise). The average turnover also increased to Rs 5.03 billion from Rs 3.67 billion.
In the review period, the market capitalization increased to Rs 4.400 trillion from Rs 4.341 trillion, securing capital gains of Rs 59 billion for the investors. In the previous week, the investors lost Rs 49 billion from share transactions.
