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Nepal Stock Exchange index decline continues

Downturn

KATHMANDU: The benchmark capital market index NEPSE declined by 14.52 points over the week. The NEPSE index opened with 1238.56 points on Sunday, declined by 1.17 per cent over the week to close at 1224.04 points on Thursday. The NEPSE index is showing continuous declining trend for last couple of weeks. The sensitive index which measures the performance of the group ‘A’ companies also declined by 3.32 points (1.24 per cent) over the week to close at 264.69 points.
In line with the decline in NEPSE index, the volume of transaction in the capital market also recorded significant decline of 18.42 per cent as compared to last week. This week, the stock exchange traded 7,538,130 unit shares worth Rs. 1.79 billion in 51,322 transactions. It had traded 7,438,850 unit shares worth Rs. 2.19 billion of 185 companies in 56,809 transactions last week.
Volume of transaction of all groups except other’ group showed declining trend this week.
This week the average daily turnover in the stock exchange stood Rs. 375.55 million. It was Rs. 438.28 million in previous week.
Sub-indices of all groups except manufacturing, development banks and finance companies showed declining trend this week.
Machhapuchchhre Bank, Rasuwagadhi Hydropower, Laxmi Bank, Nepal Bank Limited and Sanjen Jalavidhyut Company became top companies on the basis of volume of transaction this week.
The stock exchange listed 1,358,280 unit bonus shares of Surya Life Insurance and 2,798,419 ordinary shares of Nepal Investment Bank this week.

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