Capital market suffers double-digit fall over the week, turnover limit at Rs. 2.68 billion

Kathmandu: The benchmark of capital market, Nepal Stock Exchange (NEPSE) index posted a double-digit fall over the week.

The NEPSE index decreased by 57.37 points to close at 1414.78 points this week compared to last week.

However, the transaction amount has increased by 4.01 per cent to Rs. 2.68 billion over the week compared to last week’s transaction.

A total of 174 companies traded their 5.72 million shares in 27,153 transactions to make a turnover of Rs. 2.68 billon over the week, according to NEPSE report.

Last week, NEPSE traded 5.71 million shares worth Rs. 2.57 billion.

The sensitive index, which measured the transaction of group ‘A’ companies, also recorded a double-digit fall of 12.32 points to close at 297.62 points over the week.

The sub-indices of all groups significantly decreased over the week that pushed to decrease overall NEPSE index this week.

The sub-indices of insurance and development groups decreased with highest points of 304.34 points and 87.49 points to close at 7,296.13 points and 1,596.39 points respectively this week.

Likewise, the sub-indices of hydropower, microfinance and commercial bank groups went down by 71.36 points, 62.83 points and 54.46 points to stand at 1,918.7 points, 1,719.25 points and 1,205.54 points respectively.

Sub-indices of hotel, manufacturing, trading, other and finance group posed a fall of 29.82 points, 37.77 points, 2.62 points, 20.53 points and 20.76 points respectively.

According to NEPSE report, Standard Chartered Bank occupied first position in terms of the total turnover (Rs. 503.6 million) and in terms of number of transaction (4,693 times).

Likewise, Prabhu Bank secured first position in terms of share transaction (348,000 shares).

The other companies that stood second, third, fourth and fifth position in terms of total turnover are Nepal Doorsanchar  (Rs. 236.07 million), Everest Bank (Rs. 138.33 million), Nepal Life Insurance Company ‘Promoter’ (Rs. 110 million) and Nepal Life Insurance Company (Rs. 75.16 million) respectively.

NEPSE registered the rights shares of Kisan Microfinance Bittiya Sanstha (78,000 units), Kanchan Development Bank (1,039,500 units), Summit Microfinance Development Bank (716,560 units) and Sanima Mai Hydropower Limited (10,550,000 units) this week.