Kathmandu, June 23 -- Nepal Stock Exchange shrank 5.27 points to close at 1,264.36 points last week, as investors remained in a wait-and-watch mode, expecting the market to surge with the beginning of the new fiscal year which begins from July 17.

With a downfall in the index, the average daily turnover also slipped to Rs382.98 million, a drop of 24 percent compared to the average of Rs507.21 million in the previous week.

The market opened at Rs1,269.63 points on Sunday and dropped 11.36 points to close at Rs1,258.27 points. On Monday, the market however inched up 2.63 points.

On Tuesday and Wednesday, the market declined by marginal values of 2.23 points and 0.2 points respectively. On Thursday, the market added 5.89 points to its ind...