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Nepse sheds 11.3 points on political upheavals

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KATHMANDU, Feb 22: Despite impressive rally on Sunday - the first trading day of the week, the Nepal Stock Exchange (Nepse) index shed 11.3 points over the week to close at 543.89 on Thursday due to political upheavals.



The benchmark index had gained 25.71 points to settle at 555.71 points on Sunday after investors reacted positively to political consensus that raised hope for fresh election of the Constituent Assembly (CA) by the government headed by Chief Justice Khil Nath Regmi. [break]



However, the euphoria soon ended and Nepse lost values in the next two trading days. It, however, posted some gains on Thursday - the last trading day of the week - to settle at 543.89 points.



According to Nepse, 1.63 million units of shares of 113 companies worth Rs 622.2 million changed hands through 5,230 transactions over the week.



Despite fall in index, Nepse gained 12.57 percent compared to last week´s figure in term of transaction amount. Total transaction amount of Group ´A´ companies has was recorded at Rs 355.5 million, which is 57.14 percent of the total transaction of the week.



Hydropower group was the biggest loser of the week, as the group saw its sub-index plunge by 22.47 points to settle at 1,058.59 points. Similarly, Commercial Bank, Production and Others groups also saw their sub-indices go down by 16.64 points, 15.57 points and 9.40 points, respectively to close at 540.65 points, 875.3 points and 766 points. Trading and Development Bank´s sub-indices also went down by 9.63 points and 2.19 points to close at 175.99 points and 247.76 points, respectively.



However, the sub-indices of Hotel, Insurance and Finance groups gained 8.13 points, 1.89 points and 0.7 points to close the week at 669.21 points, 875.67 points and 253.48 points, respectively.



According to Nepse, Nepal Bangladesh Bank, Bank of Kathmandu, Chilime Hydro Power Company, Nabil Bank and Everest Bank were the biggest gainers of the week in term of transactions amount.



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