KATHMANDU, June 7: Nepal Stock Exchange (NEPSE) last week declined 52.10 points as the appointment of new governor of Nepal Rastra Bank (NRB) and government’s announcement of budget for the next fiscal year failed to boost confidence of investors.
In four-day trading, with the government announcing a public holiday to mark ‘Bhoto Jatra’ on Sunday, the secondary market opened at 2,693.06 points on the following day. The market closed at 2,640.96 points on Thursday. During the period, the market went as high as 2,726.60 points and plunged as low as 2,635.30 points, while the market fluctuated by 91.30 points.
With a gain of 2.77 points on Monday, the market opened for the weekday trading at a positive note. However, the market could not retain charm for the investors as the index declined in the rest of the three days. On Tuesday, the market plunged 35.73 points, followed by a drop of 11.97 points and 5.99 points, respectively, on the following two days.
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Only investment groups and mutual funds added 0.92 percent and 0.26 points, respectively, in their market values. Of the 11 losing groups, the banking sub index declined 3.93 percent, the largest of all.
Among individual companies, Barun Hydropower Company lost the highest of 38.48 percent. Pure Energy Limited added 46.37 percent in its market value and was recorded as the topmost gainer. Radhi Bidyut Company had the highest turnover of its share worth over Rs 2.46 billion.
The total turnover amount declined 4.18 percent to Rs 29.04 billion. The average daily turnover also fell to Rs 7.26 billion from Rs 7.57 billion.
Along with the NEPSE index, the market capitalization also declined to Rs 4.399 trillion from Rs 4.483 trillion, which made the investors face a loss of Rs 84 billion in their investment portfolio in the review period. The share investors posted a gain of Rs 10 billion in the previous week.
