KATHMANDU, NOVEMBER 12

The Nepse index fell by 28.46 points or 1.48 per cent to retreat below the 1,900-point threshold in the trading week between November 6 and 10.

The sensitive index, which measures performance of class 'A' stocks, decreased by 1.86 per cent or 7.06 points to 372.37 points in the review period. The float index that gauges performances of shares actually traded also shed 1.49 per cent to 132.49 points.

Altogether 18.44 million shares were traded during the review week through 128,138 transactions that amounted to Rs 7.23 billion. The weekly turnover increased by over 66 per cent compared to the previous week when 13.66 million shares had changed hands through 92,867 transactions that totalled Rs 4.35 billion.

While it has to be noted that the share market had remained open for only four days last week against the normal five days this week, the average daily turnover in the past week was Rs 1.08 billion and it increased to Rs 1.44 billion this week.

The benchmark index had opened at 1,922.16 points on Sunday and rose by 43.20 points to close at 1,965.36 points for the day before reversing course for the rest of the trading week. The market fell by 6.42 points on Monday and lost 2.58 points on Tuesday to 1,956.36 points. On Wednesday, the market fell again by 39.14 points to 1,917.22 points. The benchmark index fell by 23.52 points to 1,893.70 points on Thursday.

Apart from others, all the subgroups landed in the red this week. The others sub-index inched up by 0.26 per cent or 3.60 points to 1,403.90 points.

Meanwhile, finance subgroup dropped by 3.68 per cent or 58.32 points to 1,527.53 points, development banks lost 3.33 per cent or 114.85 points to 3,330.75 points, investment fell by 2.76 per cent or 1.60 points to 56.36 points, hydropower dropped by 2.33 per cent or 46.34 points to 1,944.23 points, manufacturing and processing fell by 2.17 per cent or 108.60 points to 4,906.24 points, non-life insurance lost 2.03 per cent or 156.21 points to 7,545.46 points.

Banking, the subgroup with the highest weightage, landed on 1,337.09 points, down 1.46 per cent or 19.79 points. Hotels and tourism dropped 1.08 per cent or 28.70 points to 2,640.69 points, mutual funds dipped by 0.74 per cent or 0.10 point to 13.47 points, microfinance shed 0.54 per cent or 23.27 points to 4,263.47 points, life insurance edged down 0.39 per cent or 34.92 points to 8,905.06 points, and the trading subgroup shed 0.08 per cent or 1.45 points to 1,821.99 points.

A version of this article appears in the print on November 13, 2022 of The Himalayan Times.