KATHMANDU, JULY 8
The Nepal Stock Exchange (Nepse) index fell by 101.61 points or 4.72 per cent in the trading week between July 2 and 6.
Although the market had witnessed a steady growth and resurfaced above the 2,100-point threshold in the previous week, the sensitive index, which measures the performance of class 'A' stocks, decreased by 5.11 per cent or 20.59 points to 382.16 points in the review week. The float index that gauges performances of shares actually traded also fell by 4.92 per cent to 141.87 points.
Altogether 45.03 million shares were traded during the review week through 308,798 transactions that amounting to Rs 17.86 billion. The weekly turnover dived by 23.18 per cent compared to the previous trading week when 53.10 million shares had changed hands through 326,964 transactions that totalled Rs 23.25 billion.
As the market had opened for trading for only four days in the previous week against normal five days in the review week, the average daily turnover in the review week took a bigger drop of 38.54 per cent to Rs 3.57 billion, compared to Rs 5.81 billion in the previous week.
The benchmark index had opened at 2,150.99 points on Sunday and fell by 53.70 points to 2,097.29 points by the time of closing. The market lost 21.32 points on Monday before adding 12.73 points on Tuesday to 2,088.70 points. On Wednesday, the market fell by 39.26 points to 2,049.44 points before slipping by 0.06 points on Thursday to settle at 2,049.38 points for the trading week.
Apart from hotels and tourism, all of the subgroups landed in the red in the review week. The hotels and tourism subgroup jumped 1.50 per cent to settle at 5,767.31 points.
Microfinance led the pack of losers after plunging by 7.51 per cent to 3,859.85 points. Similarly, life insurance fell by 5.89 per cent to 11,971.42 points; hydropower dropped 5.68 percent to 2,386.67 points; development banks lost 4.94 per cent to 3,270.96 points; others decreased by 4.60 per cent to 1,503.46 points; banking fell by 4.45 per cent to 1,200.87 points; and manufacturing and processing by four per cent to 5,421.39 points.
Meanwhile, the non-life insurance subgroup fell by 3.98 per cent to 10,984.44 points; investment by 3.69 per cent to 71.60 points; trading by 2.25 per cent to 2,588.94 points; mutual funds by 2.25 per cent to 14.36 points, and finance by 1.80 per cent to 1,858 points.
A version of this article appears in the print on July 9, 2023, of The Himalayan Times.
