NEPSE continues regular trade for online users, disappointing some stakeholders; loses double digit points with minimal trade

Sun, Mar 22, 2020 4:42 PM on Latest, NEPSE News, Stock Market,
NEPSE cont...

NEPSE authorities received backlash from the investors and SEBON Chairman Bhishma Dhungana for allowing online trade instead of completely suspending all activities. This enabled only 1% of investors to carry out transactions as usual, leading to speculations of insider and manipulative trading.

The benchmark index lost 1.43% or 18.20 points and closed at 1251.45 points. The index reached a high of 1275.42 points. The turnover amount stood at Rs.19.46 Crore which was achieved through trade of 480,527 units of shares traded through 2,391 transactions trading scrips of 123 listed companies in the process.

Nepal Life Insurance Company Limited (NLIC) posted the highest turnover of Rs.2.81 Crore with LTP at Rs.1054 per share. NMB Bank Limited (NMB) stood ahead in terms of volume with trade of 51,747 units of shares. The LTP of the commercial bank stock stood at Rs.377 per share.

Janautthan Samudiyk Laghubitta (JSLBB) gained the most at 9.69% or 167 points, closing at Rs.1890 per share. Guheshwori Merchant Bank & Finance Limited (GMFIL) hit the negative circuit, losing 9.37% or 12 points to close at Rs.116 per share.

Sensitive Index lost 2.76 points and closed at 271.06 points while Float Index lost 1.59 points and closed at 88.56 points.

Hotels, Non-Life Insurance and Others were among gaining sub-indices while the rest of the sub-indices ended in the red zone after losing points. Commercial Banks lost the most at 2.42%.