KATHMANDU, Jan 11: Nepal Stock Exchange (NEPSE) escalated 48.86 points last week as investors were attracted towards short-term trading to secure benefits out of increased prices of shares.
The market opened at 2,586.23 points on Sunday and closed at 2,635.09 points on Thursday. During the review period, the index rose as high as 2,671.96 points while it dropped to as low as 2,574.8 points, posting a fluctuation of 97.16 points.
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The secondary market opened for weekday-trading with a marginal increase of 5.32 points. On Monday, it escalated by 49.12 points, which was followed by a nominal increment of 6.16 points and 6.38 points, respectively, on the consecutive two days. The market corrected by a fall of 18.14 points on Thursday to close for the week.
In the previous week, the market was largely affected by the downswing of indices of development banks and finance companies, following the action of Nepal Rastra Bank against Karnali Development Bank. The groups however showed comebacks in the review period.
The total turnover amount was recorded at Rs 30.24 billion, up from Rs 19.35 billion in the last week. The average daily turnover also inclined to Rs 6.04 billion from Rs 4.83 billion.
The market capitalization increased to Rs 4.370 trillion from Rs 4.289 trillion, providing investors with capital gains of Rs 81 billion in their investment portfolio in the review period. In the previous week, the investors witnessed a loss of Rs 74 billion from shares trading.
