NEPSE dropped 38.83 points last week, and investors lost Rs 62 billion on stock transactions.
The Nepal Stock Exchange (NEPSE) had a decrease of 38.83 points last week, marking the third week in a row that it has fallen after more than a month of upward trend.
The secondary market last week finished at 2,688.53 points on Thursday after opening at 2,727.36 points on Sunday. The index saw 158.54 points of volatility over that time, rising as high as 2,760.45 points and falling as low as 2,601.91 points.
On Sunday, the market saw a loss of 25.46 points as it began the week. On Monday, it fell by 55.86 points, and on Tuesday, it fell by 13.09 points. Additionally, the market lost 22.73 points on Wednesday. But on Thursday, the market recovered, rising 78.31 points.
Out of the 13 groups, only investment managed to increase its index by 1.14 points. The biggest addition, at 659.45 points (5.03 percent), was made by non-life insurance. The largest loss in life insurance was 3.24 percent (426.62 points), which was followed by a 3.01 percent (166.78 points) decline. Development banks, lodging and tourism, and non-life insurance were also noted as losing three-digit points.
The largest transaction involving individual companies was that of CHDC Hydropower Development Company Limited, which sold shares valued at more than Rs 1.81 billion. The business increased its market value by 20.75 percent, making it the top gainer as well. Sanima Equity Fund's market price dropped by the most amount, 15.08 percent.
The entire turnover value dropped from Rs 59.77 billion to Rs 41.82 billion, a substantial 30.03 percent decline from the previous week. Additionally, the average daily turnover decreased from Rs 11.95 billion to Rs 8.36 billion.
During the review week, market capitalization decreased from Rs 4.3364 trillion to Rs 4.2749 trillion, resulting in a loss of Rs 62 billion for investors' portfolios. Investors had lost Rs 30.38 billion in the previous week.