KATHMANDU, Nov 30: Nepal Stock Exchange (NEPSE) gained 67.41 points last week after investors regained their confidence with the appointment of the chairman of the Securities Board of Nepal (SEBON), which was put on hold for 11 months.
The market opened at 2,680.44 points on Sunday and closed at 2,748.05 points on Thursday. During the review period, the market rose as high as 2,774.14 points while it fell to as low as 2,661.21 points, witnessing a volatility of 112.93 points.
The secondary market opened for the weekday-trading with a decline of 13.03 points on Sunday. The market however bounced back by recovering with 15.83 points on Monday. On the consecutive two days, the index surged by 33.41 points and 38.81 points, respectively, after the investors responded positively to the government appointing the chairperson of the SEBON. The market was corrected with a fall of 8.30 points on Thursday to close for the week.
Nepse bounced back with double digit gains of 27.51 points; sha...
Mutual fund, by shedding 0.23 percent of its market value, was the single loser. Of the 12 gainers, the trading group surged by a whopping 20.96 percent (732.82 points). The indices of development bank and life insurance increased 4.32 percent and 4.01 percent, respectively.
Among the individual companies, Ngadi Group Power Limited had the biggest turnover of its shares worth Rs 1.60 billion during the review period. Corporate Development Bank Limited, by gaining 32.66 percent, was recorded as the topmost gainer. Standard Chartered Bank Nepal lost the highest of 10.26 percent of its market value in the review period.
The total turnover amount was recorded at Rs 39.38 billion, up from Rs 37.54 billion in the previous week. The average daily turnover however declined to Rs 7.87 billion from Rs 9.38 billion.
The market capitalization inclined to Rs 4.556 trillion from Rs 4.268 trillion, making the investors face a gain of Rs 288 billion in their investment portfolio in the review period. In the previous week, the investors lost Rs 108 billion from share trading.
