Increase in selling pressure drags NEPSE index down; turnover above Rs 60 crore

Tue, Feb 21, 2017 4:10 PM on Latest, Featured, NEPSE News, Stock Market,
The benchmark index at Nepal Stock Exchange (NEPSE) has fallen by 7.54 points today (0.55%). As soon as the market opened, it skyrocketed to 1,385.90. This dramatic increase brought a fresh influx of sellers. Amid this clash between buyers and sellers, NEPSE index eventually closed at 1,357.57. The total turnover of the day stood at Rs 60.43 crore. 1 chart (30) Today, 75,500 units of NMB Sulav Investment Fund-1 (NMBSF1) and 63,913 units of Civil Bank (CBL) were traded the most today. Bank of Kathmandu Lumbini Limited (BOKL) had the highest turnover of Rs 2.37 crore, followed by Nabil Bank’s promoter shares (NABILP) at Rs 2.16 crore. ILFC Microfinance (ILFCM) and Excel Development Bank (EDBL) were among the top gaining companies whereas companies like Seti Finance (SETI), Prime Life Insurance Company (PLIC) and Rastriya Beema Company Limited (RBCL) lost the most today. Altogether, 10.93 lakh unit shares were traded through 6,254 transactions today. 2 7 6 5 4 3 Today, the sensitive index slipped by 1.65 points, whereas float index dropped by 0.56 points. Hotels, Development Banks and Manufacturing & Production sectors ended up in green today. Insurance sector lost the most (138.08 points).