Kathmandu, June 2

After the dissolution of the Constituent Assembly, the rising Nepal Stock Exchange (NEPSE) index has suddenly fallen down by double digits.

The Nepalese capital market recorded a decline of 39.32 points to close at 373.55 points this week alone. With an uncertain political situation, the NEPSE index had declined by 10.01 points to close at 398.60 last week also.

Following a long interval, the Nepalese secondary market had taken a bullish trend invigorating the hopes and aspirations of investors with the progress of the peace process.

According to a NEPSE report, a total turnover of Rs. 240,028,000 was made this week as compared to Rs. 6, 372,390,000 last week.

This week, NEPSE traded 687,325 shares of 120 companies in 5,321 transactions. Last week, NEPSE had traded 1,124,392 out of the shares of 120 companies in 6,962 transactions.

The share market’s turnover fell by almost 35 per cent this week as compared to last week.

Of the total turnover, Group ‘A’ companies contributed Rs. 176,500,000 this week. That accounted for 73.56 per cent.

Almost all the sub-indices of commercial banks, manufacturing, ‘others’, hydropower, insurance, finance and development bank groups declined significantly this week.

The sub-indices of commercial banks, manufacturing, ‘others’, hydropower, insurance, finance and development bank groups dropped by 49.53 points, 6.64 points, 58.73 points, 84.92 points, 10.87 points, 1.60 points and 7.90 points, respectively.

However, the sub-indices of hotel group increased by 55.80 points to close at 503.04 points this week.

The indices of business groups remained unchanged this week.

The sensitive index, which measures the group ‘A’ companies, fell by 10.92 points to close at 93.92 points.

This week, Bank of Kathamndu Limited occupied the first position in terms of the total turnover (Rs. 63,300,000), the number of transaction (720) and the number of shares transacted (106,569).

On the basis of transaction amounts, the top five companies included Bank of Kathmandu Limited (Rs. 63.34 million), Chilime Hydropower Company Limited (Rs. 25.57 million), Everest Bank Limited (Rs. 14.69 million), Nabil Bank Limited (Rs. 13.65 million) and Prime Commercial Bank (Rs.12.20 million).