NEPSE falls 2nd day in a row; closes at 937.96 level

Nawin Sah

ShareSansar, June 11:

Tending towards the equilibrium to adjust the effect of the political buzz, the benchmark index plunged by double digits of 17.7 points or 1.85 percent to close at 937.96 level.

Opening at 955.62 level this afternoon, the market index slipped down by more than 15 points within the initial trading hour and thereafter remained around 940 level throughout the day.

Mostly selling trend was seen in the market so as to book profit on the shares purchased at the lower rates couple a weeks before.

Sensitive and Float Index has also recorded plunge of 1.96 and 2.06 percent to settle at 200.83 and 67.13 levels respectively.

Maximum trading were done of the shares like LBL, NBB, CHCL, PLIC and SANIMA.

Trading of LBL alone amounted Rs 45.03 million which is 18.34 percent of the total turnover of the day.

Altogether 520,268 unit shares of 114 companies were traded through 1,580 transactions worth Rs 245.61 million.

While among the sub-indices, Banking (827.29), Development (777.68) and Finance (523.08) dropped by 21.66 points (2.55%), 9.67 points (1.23%) and 1.39 point (0.27%) respectively.

Insurance (3861.85), HydroPower (2144.85) and Hotels (1844.79) dipped 67.41 points (1.72%), 41.03 points (1.88%) and 15.93 points (0.86%) respectively.

Trading (220.54) and Manufacturing (1533.12) went down by 1.94 point (0.87%) and 20.24 points (1.3%) respectively.

In the down trend of market, share price of companies like SWBBL, RHPC, SUPREME, MNBBL, ALDBL, WDBL and NLICL dropped by more than 5 percent.

However, share price of NBBL, SLBBL and SICL went up by more than 9 percent.