NEPSE CONTINUES ITS DOWNFALL

Sharesansar, 4th August
    
Streaming of investors to liquidate their position continues to skid Nepse.  The market index has been subsiding from the past three consecutive days.

Following the dismal performance of yesterday, the local bourse further derailed its way in the bearish path as it came to suffer loss of 2.72 points today. The benchmark index today also showed no sign of retaliation as the market submerged in red for the entire day. The Nepse index today settled at 545.45 levels.

The sub-indices performance was also miserable today. Only, Hotels was the sector with gain of 1.51 points whereas rest concluded in the downhill.

Insurance and Hydro were the two of the heavy decliners today with plunge of 11.64 and 10.72 points respectively. Similarly, the Banking continued its nose dive as it decreased by 2.91 points alongside Development and Finance with the fall of 1.69 and 0.51 points respectively. As for Others, it slipped by 1.18 points.

All in all, the scrips of 108 companies were traded, out of which 25 scrips gained, 19 remained intact and 64 scrips lost.

The best performer for the day was, National Hydro Power Co. (NHPC), closed at Rs 55, with a gain of Rs 5 or 10% followed by Union Finance Ltd. (UFCL), closed at Rs 106, with a gain of Rs 8 or 8.16%.

Whereas, the worst performer was,  Himalayan Gen. Insu. Co. Ltd. (HGI), closed at Rs 362, with Rs 40 or 9.95% loss.

While, Kumari Bank Ltd today also topped in all categories of transactions, shares traded and turnover. Altogether, 88878 units of share were traded via 124 transactions worth Rs 27,366,686.

The broker with the highest standalone dealing of KBL was Broker No 56 (Sri Hari Securities Pvt. Ltd.) with 13.26%; amounting Rs 7,257,900 via 22 transactions totaling  23,700 units which includes 1 matching transaction tallying  2,000 units worth Rs 602,000.

Overall, 444,816 units of share were traded by 1,652 transactions with total turnover worth Rs 152,578,792; the market capitalization by the end of the day tallied to Rs 543,586.07 million.