Weekly Wrap-up (Review Period: May 24 - 28, 2015)

ShareSansar, May 29:

The local bourse plunged down by huge 96.23 points or 10.26 percent to close below 850 level this week.

Just before the massive earthquake, NEPSE was at 938.19 level whereas the disaster led the benchmark index to settle at 841.96 level after the one week of resumption of its trading.

Similarly Sensitive and Float has dropped by 10.69 and 10.79 percent this week.

Among the sub-indices, HydroPower has slipped down maximum of 15.77 percent or 342.58 points to close at 1829.77 level this week.

Banking was the second highest loser in this week recording plunge of 13.77 percent or 114.04 points to close at 713.86 level.

Insurance and Others dropped by 286.94 and 42.29 points or 7.59 and 5.89 percent to close at 3493.31 and 675.54 level respectively this week.

Development and Finance dipped by 39.09 and 9.78 points or 4.95 and 1.85 percent to close at 749.98 and 519.82 levels respectively.

Manufacturing dropped by 19 points (1.27%) to settle at 1474.11 whereas Trading was the only sector to land in green with surge of meager 1.22 point (0.59%) to close at 207.96 level this week.

Hotels is yet to be traded after the resumption of trading.

Maximum of selling investors were seen in the market rather than buyers this week.

Many of the market analyst says that “the immediate fall in the market index after such heartfelt disaster is normal. The situation will not remain the same and the secondary market will again come on its normal track.”