KATHMANDU, AUGUST 5

The Nepal Stock Exchange (Nepse) index fell by 36.64 points or 1.72 per cent in the trading week between July 30 and August 3 to retreat below the threshold of 2,100 points.

The sensitive index, which measures the performance of class 'A' stocks, decreased 1.06 per cent to 399.54 points in the review period. Meanwhile, the float index that gauges performances of shares actually traded also lost 1.64 per cent or 2.42 points to rest at 144.90 points in the review week.

Altogether 32.89 million shares were traded during the review week through 204,076 transactions which amounted to over Rs 9.87 billion. The weekly turnover slumped by over 41 per cent compared to the previous week when 54.36 million shares had changed hands through 290,203 transactions that had totalled Rs 16.88 billion.

Meanwhile, the average daily turnover in the past week was over Rs 3.37 billion and it fell to Rs 1.97 billion this week.

The benchmark index had opened at 2,126.48 points on Sunday and it fell by 26.14 points by the time of closing to 2,100.34 points. The market inched up by 5.84 points on Monday to 2,106.18 points before decreasing by 28.60 points on Tuesday. On Wednesday, the market recovered 9.26 points to 2,086.84 points before adding another three points on Thursday to close at 2,089.84 points for the week.

Apart from mutual funds, banking, and trading, the remaining subgroups landed in the red this week.

Non-life insurance led the pack of losers after slumping by 4.11 per cent to 10,818.17 points, followed by hydropower, down 3.88 per cent to 2,256.74 points; hotels and tourism fell by 3.37 per cent to 5,594.69 points; finance by 3.30 per cent to 1,812.53 points; microfinance decreased by 3.12 per cent to 3,839.66 points; life insurance fell by 2.59 per cent to 11,375.39 points; development banks by 2.16 per cent to 3,888.62 points; others by 1.91 per cent to 1,541.99 points; investment by 1.48 per cent to 71.77 points; and manufacturing and processing shed 0.86 per cent to 5,694.60 points.

Meanwhile, mutual funds rose by 0.94 per cent to 14.96 points; banking by 0.46 per cent to 1,307.59 points; and trading edged up by 0.04 per cent to 2,898.14 points.

A version of this article appears in the print on August 6, 2023, of The Himalayan Times.