As the NEPSE index fell, the size of the stock market (capitalization) has decreased by 1 trillion 1 billion 487 million rupees last week.
What you should know
The NEPSE index decreased by 62.01 points during the last week. During that period, NEPSE decreased by 2.18 percent to 2788.36 points. The overall NEPSE decline last week as all sub-groups fell apart. According to NP Stocks.com, the index of other subgroups rose by 1.51 percent to 2,660.99 points last week.
As the NEPSE index fell, the size of the stock market (capitalization) decreased by 1 trillion 1 billion 487 million rupees last week. The capitalization of the stock market, which was 47 trillion 57 billion 766 million rupees last Thursday, remained at 46 trillion 56 billion 27 billion 35 million rupees last Thursday.
Last week, the microfinance sub-group index fell by 4.15, finance by 3.27, hydropower by 3.17, trade by 2.83, banking by 2.59, development bank by 2.54, life insurance by 2.47, investment by 1.67, production and processing by 1.29 and hotel and tourism by 0.11 percent.
Sagar Dhakal, president of Nepal Stock Brokers Association, says that since the stock market is growing slowly in the last few days, there is not much enthusiasm in the market. The market is growing. But there is a lack of institutional investors," he said. "Even if banks and financial institutions buy shares, there is a rule of Rashtra Bank that they cannot sell them for one year. Until that changes, it will continue to have an impact.
Dhakal says that it may have been affected because there is an increasing trend of selling and exiting shares in a market that has increased by a few points. "Instead of new investments entering the stock market, there is an increasing trend of exiting by selling shares," he said. Looking at the trend of the last few days, Dhakal says that the market is gradually increasing and the correction is taking place.
Last week, the share price of 23 companies increased while 227 companies decreased. Shares worth 30 billion 10 million rupees have been bought and sold during that period.
