Capital market suffers double-digit decline, turnover limit at Rs. 2.41 billion this week


Kathmandu: Nepal Stock Exchange (NEPSE) index has posted a double-digit fall over the week. The NEPSE index dropped by 25.48 points to close at 1,554.553 points over the week compared to the last week.

Likewise, the transaction amount also decreased by 32.24 per cent to Rs. 2.41 billion over the week compared to the last week’s transaction.

A total of 171 companies traded their 4.49 million shares in 25,860 transactions to make a turnover of Rs. 2.41 billion over the week, according to NEPSE report.

Last week, NEPSE traded 7.48 billion shares in 39,091 transactions made a turnover of Rs. 3.56 billion.

The sensitive index, which measured the transaction of group ‘A’ companies, also recorded fall of 5.31 points to close at 326.01 points over the week.

Sub-indices of all groups except other group decreased significantly this week.

The sub-indices of insurance and manufacturing group dropped with highest points of 186.34 points and 90.61 points to close at 8,658.4 points and 2,574.39 points respectively.

Likewise, the sub-indices of hydropower, commercial bank and development bank group went down by 40.43 points, 23.17 points and 20.98 points to stand at 1,785.16 points, 1,339.18 points and 1,985.91 points respectively.

Sub-indices of finance and  hotel group declined by 8.26 points and 2.36 points respectively.

However, the sub-indices of other group posted a marginal growth of 0.29 points to stand at 716.1 points this week.

There was no saw the transaction of trading group over the week.

According to NEPSE report, Nepal Investment Bank Limited occupied first position in terms of total turnover (Rs. 123.12 million) and Gurans Life Insurance Company Limited secured first position in terms of number of share transaction (175,000 shares).

Likewise, Himalayan Power Partner Limited secured first position in terms of transaction numbers (2,676 times).

The other companies that stood second, third, fourth and fifth position in terms of total turnover are Nabil Bank ( Rs. 104.65 million), Nirdhan Utthan Bank (Rs. 92.12 million), Nepal Life Insurance Company Limited (Rs. 80.07 million) and Nepal Investment Bank Limited (Rs. 72.13 million) respectively.