KATHMANDU, JUNE 18
The secondary market plunged below the threshold of 2,000 points over the review week from June 13 to 17.
Nepal Stock Exchange (Nepse) index fell by 76.78 points or 3.75 per cent week-on-week in the trading period to settle at 1,971.38 points. The last time Nepse index had closed below 2,000 points was on December 27, 2020.
The sensitive index decreased to 2.83 per cent while the float index also fell by 3.73 per cent over the review week.
A total of 17.19 million shares were traded during the week, an increase of 16 per cent compared to 20.50 million shares that had exchanged hands last week. The market witnessed a turnover of Rs 5.59 billion compared to total traded amount Rs 6.59 billion the previous week.
The secondary market opened on Monday with the benchmark index at 2,048.16 points. The intra trading day saw Nepse fall 15.82 points to close at 2,032.34 points. The market dropped further by 36.08 points on Tuesday to close at 1,996.26 points, retreating below the 2,000-point mark.
On Wednesday, the benchmark index lost 29.89 points to close at 1,966.37 points. The market recovered some of the loss the next day by gaining 12.57 points on Thursday but fell by 7.56 points on Friday to settle at 1,971.38 points for the week.
All the 13 subgroups landed in the red over the review week.
A version of this article appears in the print on June 19, 2022, of The Himalayan Times.
