KATHMANDU, AUGUST 19
The Nepal Stock Exchange (Nepse) index fell by 32.92 points or 1.59 per cent in the trading week between August 13 and 17 to retreat below 2,035 points.
The sensitive index, which measures the performance of class 'A' stocks, decreased 1.72 per cent to 387.38 points in the re view period. Meanwhile, the float index that gauges the performances of shares actually traded also lost 1.44 percent or 2.06 points to rest at 140.80 points in the review week.
Altogether 29.58 million shares were traded during the review week through 314,906 transactions, which amounted to over Rs 10.48 billion. The weekly turnover was down by more than 2.90 per cent compared to the previous week when 30.02 million shares had changed hands through 372,700 transactions that had totalled Rs 10.80 billion.
Meanwhile, the average daily turnover in the past week was over Rs 2.16 billion and it fell to Rs 2.09 billion this week.
The benchmark index had opened at 2,066.05 points on Sunday and it rose by 14.81 points by the time of closing to 2,080.86 points.
The market fell by 3.62 points on Monday to 2,077.24 points before decreasing again by 31.80 points on Tuesday. On Wednesday, the market fell by 20.32 points to 2,025.812 points before recouping 8.01 points on Thursday to close at 2,033.13 points for the week.
Apart from mutual funds, banking, and hotels and tourism, the remaining subgroups landed in the red this week.
Manufacturing and processing led the pack of losers after slumping by 5.29 per cent to 5,360.50 points, followed by hydropower, down 4.51 per cent to 2,134.07 points; finance fell by 3.18 per cent to 1,726.09 points; others by 2.79 per cent to 1,499.79 points; microfinance decreased by 1.96 per cent to 3,701.90 points; development banks fell by 1.47 per cent to 3,805.12 points; life insurance by 1.44 per cent to 11,175.11 points; investment by 1.24 per cent to 70.81 points; non-life insurance by 0.79 per cent to 10,843.03 points; and trading shed 0.68 per cent to 2,895.76 points.
Meanwhile, mutual funds rose by 27.82 per cent to 18.84 points; banking by 0.18 per cent to 1,274.10 points; and hotels and tourism edged up by 0.05 per cent to 5,725.68 points.
A version of this article appears in the print on August 20, 2023, of The Himalayan Times.
