KATHMANDU, May 31: Nepal Stock Exchange (NEPSE) last week gained nominal 4.51 points as Nepal Rastra Bank (NRB)'s third-quarter review of monetary policy and the government annual budget failed to boost the confidence of investors in the share market.
In four-day trading, the secondary market opened at 2,688.55 points on Sunday and closed at 2,693.06 points on Wednesday. During the period, the market went as high as 2,745.89 points and plunged as low as 2,655.29 points, while the market fluctuated by 90.6 points.
With a decline of 8.57 points on Sunday, the market opened for the weekday trading at a negative note. Despite NRB through its monetary policy review taking lenient policy towards the secondary market, it failed to boost investors’ confidence, with a decline of 5.21 points on Monday. On the two consecutive days, the index inclined 0.85 points and 16.55 points, respectively. With the public holiday of Republic Day, the market remained closed for trading on Thursday.
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Only five groups including banking, manufacturing and process, development bank, trading and hydropower were the gainers. Banking index surged by the largest of 1.79 percent. Of the eight losers, mutual funds declined by the highest of 2.74 percent.
Among individual companies, Om Megashree Pharmaceuticals Limited added 46.39 percent in its market value and was recorded as the topmost gainer. Barahi Hydropower Public Limited lost the highest of 20 percent. Radhi Bidyut Company had the highest turnover of its share worth over Rs 2.43 billion.
The total turnover amount declined 30.65 percent to Rs 30.30 billion. The average daily turnover fell to Rs 7.57 billion from Rs 8.74 billion.
Along with the NEPSE index, the market capitalization also increased nominally to Rs 4.483 trillion from Rs 4.473 trillion, which ensured the investors with a gain of Rs over Rs 10 billion in their investment portfolio in the review period. The share investors posted a gain of Rs 129 billion in the previous week.
