The stock market, which started declining at the beginning of the year, closed lower on all but one day of the week. The Nepse index fell by 229.94 points in five days due to the market’s decline for the remaining four days.
The Nepse index, which closed at 2,758 on the first day of the year, dropped to 2,633 points on Thursday. The Nepse index, which fell to 2,685 on Monday, fell to 2,615 on Tuesday.
Wednesday’s trading showed some hope for investors. The Nepse index, which had increased by 50.58 points on this day, could last till Thursday. On Thursday, it dropped again to 2,633 points. The Nepse index has decreased by 7.15 points in five days.
Landslide in finance
Investors in finance companies have been losing a lot as the Nepse index has declined by 7.15 percent in a year. The index for this group has fallen by more than 15 percent. According to the Nepal Stock Exchange (NEPSE), the index of finance has declined by 15.32 percent in a year.
Investors in hydropower companies are among the second biggest losers. The index for this group declined by 10.32 percent. Similarly, development bank declined by 10.32 percent, investment group by 9.36 percent, non-life insurance by 7.14 percent, life insurance by 7.26 percent, hotel and tourism by 7.15 percent and banking group by 5.97 percent. Microfinance fell 5.97 percent, while manufacturing fell 5.03 percent and mutual funds fell 1.05 percent.
Shares of 12 other subgroups declined on Sunday. On the basis of turnover, Arun Valley Hydropower Company topped the list with a turnover of Rs. 339.573 million.
The Nepse index fell on Monday. On the same day, the Nepse index fell by 73.05 points to 2,685.41. The Sensitive Index, which measures the trading volume of large companies, declined by 12.94 points to close at 506.33.
A total of 147,868 shares of 227 companies were bought and sold at a price of Rs 5.12 billion. After Monday’s trading, the market capitalization had reached Rs. 3759.11 billion.
Shares of all 13 subgroups fell that day. On the basis of turnover, Arun Valley Hydropower topped the list with a turnover of Rs. 1549.71 million. A landslide hit Nepse on Tuesday and the market capitalization also declined. On that day, Nepse fell to 2,615.40.
Similarly, the Sensitive Index, which measures the trading volume of large companies, declined by 11.42 points to 494.91. A total of 13 million 34 thousand 828 shares of 218 companies were bought and sold at a price of Rs. 5 billion 745 million 88 thousand 179.
After Tuesday’s trading, the market capitalization also declined to an average of Rs 36.61 billion 49.87 million. Shares of all 13 subgroups traded on the day fell.
Kumari Bank, which is in the top position in terms of turnover, had a purchase and sale of Rs. 188.27 million. On Wednesday, the Nepse index rose by 50.58 points to reach 2,665.93.
The Sensitive Index, which measures the trading volume of large companies, rose by 8.58 points to 503.46. Though Nepse seemed to rise, the transaction amount did not rise. A total of 98.94 million 478 shares of 229 companies were bought and sold at a price of Rs 5.28 billion.
After Wednesday’s trading, the market capitalization reached an average of Rs 37.31 billion 84.81 million.
Similarly, on Thursday, the last day of the year, the Nepse fell by 32 points. The NEPSE index fell by 32.51 points to 2,633.42 points. The Sensitive Index, which measures the trading volume of large companies, declined by 6.41 points to 497.05.
Along with the decline in Nepse, the transaction amount has also declined. A total of 7,321,014 shares of 225 companies were bought and sold at a price of Rs 3.70 billion. Of the 13 subgroups traded, shares of three subgroups rose and 10 subgroups declined.