Market continues to fall for fourth consecutive day; Nadep Laghubitta hits the positive circuit after gaining 9.96%

The market today saw a heavy loss of 18.04 points or 1.44% and closed at 1238.67 points as selling pressure intensifies in the market. However, the turnover was somewhat promising at Rs.53.96 Crore which was achieved from trade of 1,761,817 units of shares through 5,797 transactions trading scrips of 165 companies.

The top turnover list was dominated by commercial banks as usual. Nepal Bank Limited (NBL) stood ahead in terms of turnover and shares traded after it posted a turnover of Rs.7.89 Crore through trade of 250,271 units of shares. The LTP of the bank stands at Rs.313 per share.

Today’s top gainer was Nadep Laghubitta (NADEP) after it gained 84 points or 9.96% with its LTP at Rs.927 per share, followed by Himalayan Distillery Limited (HDL) which gained 75 points or 5.35%.

Today’s top losers list features a lot of development banks. Bhargav Bikas Bank (BNBL) lost 17 points or 9.04% making it today’s top loser. The LTP of the development bank stood at Rs.171 per share. BNBL was followed by Shangrila Development Bank (SADBL) which lost 8 points or 6.13% to close at Rs.155 per share.

Sensitive Index lost 4.29 points and closed at 262.80 points while Float Index lost 1.51 points and closed at 90.16 points.

Beating NEPSE’s falling trend, Manufacturing and Production sector gained 1.16% or 26.8 points making it the only gaining sub-index. While Trading sector remained unchanged, all the other sub-indices lost points today. The top losing sub-index was Development Banks as it lost 1.95% or 29.73 points.