72
DOCKING NEPAL’S ECONOMIC ANALYSIS
CAPITAL MARKET CAPITAL MARKET The market remained closed for a period between March 23rd and June 12th, it briefly opened for two days on 11th and 12th May, 2020. Thereafter the market has remained closed until date without any plans or signs of reopening, keeping the sole secondary market closed for over 80 days. Secondary Market: During the review period, the Nepal Stock Exchange (NEPSE) index went down by 10.42% to close at 1201.57 points. The total market capitalization had reached NPR 1.536.42 trillion (USD 13.09 billion) while the total floated
market capitalization reached NPR 559 billion (USD 4.76billion). As depicted in Table 8, all of the subindices landed in the red zone during the review period. The biggest loser was Hotels sub-index (-19.97%)
followed by Non-Life Insurance subindex (-15.19%) and, Life Insurance sub-index (-12.93%). Likewise, Micro Finance (-11.41%), Hydropower sub index (-11.60%) and commercial bank sub index (-9.95%) were other top losers during this period.
Table 8 Key Indicators Â
11 February , 2020
11 June, 2020
% Change
1,341.38
1,201.57
-10.42%
Commercial Bank
1,156.69
1,041.50
-9.96%
Development Bank
1,836.67
1,687.73
-8.11%
Hydropower
1017.67
899.67
-11.60%
Finance
667.31
629.23
-5.71%
6,063.40
5,142.25
-15.19%
694.56
641.76
-7.60%
1,945.12 2,266.95 7,476.07 2,553.10
1,556.69 2,008.29 6,509.45 2,390.64
-19.97% -11.41% -12.93% -6.36%
NEPSE Index Sub-Indices
Non-Life Insurance Others Hotels Microfinance Life Insurance Manufacturing & Processing
Source: Nepal Stock Exchange (NEPSE)
