NEPSE index remains stable after continuous freefall

The Nepal Stock Exchange (NEPSE) witnessed slight increase of one point over last week to settle at 364.67 on Thursday, the last trading day.

Last week (Sunday), the secondary market plunged by 6.24 points to settle at 363.35 points from the earlier 369.78 points on Thursday the previous week.

However, the market witnessed positive growth by 3 points and 1.61 points on Monday and Tuesday to close at 366.32 points and 367.92 points, respectively while the market witnessed downward trend in the last two trading days - Wednesday 1.72 points to 366.21 points and Thursday 1.53 points to 364.67 points.

Last week the index was stable after continuous freefall after the dissolution of Constituent Assembly (CA) which has dispirited the investors.

As per the sub-indices of NEPSE, commercial bank, others, and hydropower companies posted positive gain of 1.86 points, 4.70 points and 8.68 points, respectively while hotel posted negative growth by 9.49 points, insurance 1.37 points, finance 3.13 points, and development banks 3.46 points.

However, manufacturing and trading group remained unchanged over last week.

Though the market witnessed slight growth, the transaction amount has declined by some 43 percent compared to the previous week. The amount has declined to Rs. 169.50 million from the previous week’s Rs. 301.35 million. nepalnews.com