KATHMANDU, JULY 29
The Nepal Stock Exchange (Nepse) index fell by 37.44 points or 1.73 per cent in the trading week between July 23 and 27 to below the threshold of 2,150 points, although the turnover, trading volume and number of transactions all improved.
The sensitive index, which measures the performance of class 'A' stocks, decreased 1.63 per cent to 403.84 points in the review period. Meanwhile, the float index that gauges performances of shares actually traded also lost 1.81 per cent or 2.72 points to rest at 147.32 in the review week.
Altogether 54.36 million shares were traded during the review week through 290,203 transactions that amounted to over Rs 16.88 billion. The weekly turnover increased by over 13.40 per cent compared to the previous week when 40.59 million shares had changed hands through 252,211 transactions that totalled Rs 14.89 billion.
Meanwhile, the average daily turnover in the past week was over Rs 2.97 billion and it surged to Rs 3.37 billion this week.
The benchmark index had opened at 2,163.92 points on Sunday and it had surged by 63.24 points by the time of closing to 2,227.16 points.
However, the market went into correction for the rest of the trading week.
The market lost 26.66 points to settle at 2,200.50 points on Monday, before decreasing again by 36.19 points to close at 2,163.31 points on Tuesday. On Wednesday, the market fell by 8.11 points before losing 29.72 points on Thursday to settle at 2,126.48 points for the week.
Apart from others, the remaining subgroups landed in the red this week.
Finance led the pack of losers after slumping by 4.19 per cent to 1,874.81 points, followed by life insurance, down 3.67 per cent to 11,677.33 points; manufacturing and processing fell by 3.34 per cent to 5,744.15 points; microfinance by 2.92 per cent to 3,963.29 points; non-life insurance decreased by 2.70 per cent to 11,282.11 points; development banks fell by 2.61 per cent to 3,974.60 points; trading by 2.55 per cent to 2,897.09 points; hydropower by 1.93 per cent to 2,347.77 points; investment by 1.37 per cent to 72.85 points; banking by one per cent to 1,301.64 points; mutual funds by 0.34 per cent to 14.82 points; and hotels and tourism by 0.28 per cent to 5,789.81 points.
Meanwhile, others rose by 1.10 per cent to 1,572.03 points.
A version of this article appears in the print on July 30, 2023, of The Himalayan Times.
