The Nepal Stock Exchange (Nepse) snapped out of five week-on-week losses in the trading period between April 24 and 28, with the benchmark index advancing by 1.32 per cent or 30.72 points.

The sensitive index, which measures performance of class 'A' stocks, rose by 1.60 per cent or 7.10 points to 450.24 points. Similarly, the float index that gauges performances of shares actually traded also inclined by 1.40 per cent or 2.22 points to 160.87points.

The Nepse index had opened at 2,325.45 points on Sunday and had surged 95.52 points to rest at 2,420.97 points by the time of closing that day. The benchmark index fell by 34.95 points to 2,386.02 points on Monday and dropped another 15.02 points to 2,371 points on Tuesday. On Wednesday, the market made a slight recovery with Nepse index inching up by 5.17 points to 2,376.17 points on Wednesday. The optimism, however, could not sustain and the benchmark index resumed its southbound course on Thursday, falling 20 points to rest at 2,356.17 points for the week.

A total of 22.57 million shares were traded during the week, an increase by 24 per cent compared to 12.06 million shares traded last week. The market witnessed weekly turnover of Rs 8.20 billion, an increase of 11 per cent against the total traded amount of Rs 7.39 billion in the previous week. The total transactions came in at 168,063, which was 6.77 per cent higher than 157,406 in the past week.

Of the 13 subgroups, the indices of two subgroups decreased while the indices of the remaining 11 subgroups increased this week. The trading sub-index decreased by 1.58 per cent or 34.36 points to 2,142.57 points and life insurance fell by 0.24 per cent or 17.22 points to 12,595.35 points.

Meanwhile, the finance sub-index rose the most, 5.01 per cent or 83.77 points to 1,754.80 points. However, in terms of points change, the non-life insurance subgroup was the forerunner, with a jump of 173.48 points or 1.65 per cent to 10,701.03 points.

Likewise, the share price of Jalpa Samudayik Laghubitta Bittiya Sanstha rose by 61 per cent to Rs 1142.60, becoming the week's top gainer, while Nesdo Sambridha Laghubitta Bittiya Sanstha was the top loser as its share price slumped by 5.18 per cent to Rs 2,655 in the review week.

A version of this article appears in the print on May 01, 2022, of The Himalayan Times.