KATHMANDU, OCTOBER 7
The Nepal Stock Exchange (Nepse) index fell by 47.38 points or 2.36 per cent in the trading week between October 1 and 5 to retreat below the 2,000-point threshold.
The sensitive index, which measures the performance of class 'A' stocks, dropped by 2.50 per cent to 373.37 points in the review period. Meanwhile, the float index that gauges performances of shares actually traded also lost 2.35 per cent to rest at 135.95 points in the review week.
Altogether 24.35 million shareswere traded during the review week through 332,297 transactions, which amounted to over Rs 7.06 billion. The weekly turnover was down by 9.45 per cent compared to the previous week when 31.28 million shares had changed hands through 296,414 transactions that had totalled Rs 7.80 billion.
Meanwhile, the average daily turnover in the past week was over Rs 1.95 billion and it fell to Rs 1.41 billion this week. It has to be noted that the secondary market was open for just four days in the previous week compared to five trading days in the review week.
The benchmark index had opened at 2,004.30 points on Sunday and it fell by 33.20 points by the time of closing to 1,971.10 points. The market gained 5.19 points on Monday to 1,976.29 points before decreasing by 17.57 points on Tuesday. On Wednesday, the market went up by 9.25 points to 1.967.97 points before falling by 11.05 points on Thursday to settle at 1,956.92 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 3.36 per cent to 5,211.68 points, followed by hydropower, down 3.33 per cent to 2,117.14 points.
Life insurance fell by 2.77 per cent to 10,459.88 points; manufacturing and processing by 2.74 per cent to 5,110.87 points; investment decreased by 2.45 per cent to 67.43 points; trading fell by 2.35 per cent to 2,878.03 points.
Finance fell 2.19 per cent to 1,722.04 points; banking by 2.05 per cent to 1,227.15 points; nonlife insurance by 2.01 per cent to 10,301.45 points; others by 1.98 per cent to 1,424.13 points; microfinance slumped by 1.85 per cent to 3,623.63 points; development banks by 1.46 per cent to 3,762.88 and mutual funds by 0.74 per cent to 18.79 points.
A version of this article appears in the print on October 8, 2023, of The Himalayan Times
