KATHMANDU, OCTOBER 14
The Nepal Stock Exchange (Nepse) index fell by 83.32 points or 4.21 per cent in the trading week between October 8 and 12 to retreat below the 1,900-point threshold.
The sensitive index, which measures the performance of class 'A' stocks, dropped by 3.81 per cent to 359.13 points in the review period. Meanwhile, the float index that gauges the performances of shares actually traded also lost 4.37 per cent to rest at 130.01 points in the review week.
Altogether 25.72 million shares were traded during the review week through 268,927 transactions, which amounted to over Rs 7.04 billion. The weekly turnover was down 0.27 per cent compared to the previous week when 24.35 million shares had changed hands through 332,297 transactions that had totalled Rs 7.06 billion.
Meanwhile, the average daily turnover in the past week was over Rs 1.41 billion and it fell to Rs 1.40 billion this week.
The benchmark index had opened at 1,956.92 points on Sunday and it fell by 35.68 points by the time of closing to 1,921.24 points. The market lost 12.58 points on Monday to 1,908.66 points before decreasing by 19.07 points on Tuesday. On Wednesday, the Nepse index rose by 5.17 points to 1,894.76 points before falling by 20.16 points on Thursday to settle at 1,874.60 points for the week.
All of the subgroups landed in the red this week.
Hotels and tourism led the pack of losers after slumping by 6.03 per cent to 4,897.25 points, followed by non-life insurance, down 5.81 per cent to 9,702.86 points.
Hydropower fell 5.80 per cent to 1,994.40 points; life insurance dropped 5.24 per cent to 9,911.97 points; finance by 4.65 per cent to 1,641.97 points; development banks by 4.35 per cent to 3,599.29; investment decreased by 3.59 per cent to 65.01 points; banking by 3.57 per cent to 1,183.28 points; others by 3.55 per cent to 1,373.56 points; microfinance lost 3.38 per cent to 3,501.10 points; trading fell by 2.97 per cent to 2,792.67 points; manufacturing and processing by 1.94 per cent to 5,011.18 points and mutual funds shed 1.22 per cent to 18.56 points.
A version of this article appears in the print on October 15, 2023, of The Himalayan Times
