KATHMANDU, AUGUST 13
The Nepal Stock Exchange (Nepse) index fell by 3.58 per cent or 75.63 points over the trading week between August 7 and 12 to settle at 2,037.92 points.
The sensitive index, which measures performance of class 'A' stocks, fell by 3.64 per cent or 14.78 points to 391.67 points. Similarly, the float index that gauges performances of shares actually traded also witnessed a decrease of 3.44 per cent or 5.01 points to 140.44 points.
Altogether 30.21 million shares were traded during the review week through 207,480 transactions that amounted to Rs 12.04 billion.
The weekly turnover fell by over 47 per cent compared to the preceding week when 54.19 million shares had changed hands through 339,978 transactions that totalled Rs 22.99 billion.
It has to be noted though that the country's sole secondary market had remained open for trading for normal six days in the past week against only five days during the review week due to a public holiday.
Nevertheless, the average daily turnover fell by 37.16 per cent during the review period. The average daily turnover in the past week was Rs 3.83 billion and it dropped to Rs 2.40 billion this week.
The secondary market opened at 2,113.55 points on Sunday and gained 10.28 points to close at 2,123.83 points. The benchmark index fell by 17.68 points to close at 2,106.15 points on Monday and continued southbound for the remainder of the trading week.
On Tuesday, the Nepse index fell further by 43.35 points to close at 2,062.80 points. The benchmark index on Wednesday fell by 5.92 points to close at 2,056.88 points and by 18.96 points to settle at 2037.92 for the week. The market remained closed on Friday on the occasion of Janai Purnima.
Indices of all 13 subgroups landed in the red this week.
The banking sub-indices fell by 2.32 per cent or 31.99 points, manufacturing and processing by 2.15 per cent or 117.06 points, hotels and tourism by 2.90 per cent or 81.68 points, others by 7.01 per cent or 110.36 points, hydropower by 4.81 per cent or 122.73 points.
Trading slumped by 3.04 per cent or 66.06 points, non-life insurance by 3.55 per cent or 298.77 points, finance by 5.81 per cent or 107.92 points, development banks by 4.91 per cent or 187.21 points, microfinance by 3.44 per cent or 164.68 points, life insurance by 3.09 per cent or 306.52 points, mutual funds shed 0.81 per cent or 0.12 points and investment fell by 3.95 per cent or 2.80 points.
A version of this article appears in the print on August 14, 2022 of The Himalayan Times.
