NEPSE copes to land in green; creeps up 3.49 points
ShareSansar, December 18:
The benchmark index of Nepal Stock Exchange (NEPSE) surged 3.49 points or 0.39 percent on the last trading day of this week to settle at 903.89, than yesterday’s closing of 900.40 level.
The local bourse slipped below 900 mark, by more than 7 points, to touch the intraday low of 893.81level within the first half of the trading hour today, there after recovered itself to land in green at closing.
Investors in the country are still in a wait and watch mood, amid the meager participation in the market which is clearly anticipated by the total turnover which is far below than average.
The total turnover has plunged more than Rs 10 million compared to yesterday’s total of Rs 157.13 million.
Altogether 440,357 unit shares of 132 companies were traded today through 1,320 transactions worth only Rs 146.44 million.
Among the sub-indices, Banking, which covered 40.28 percent of today’s total turnover, moved up slightly by 3.39 points to settle at 801.78 level, amid the rise in share price of Everest bank by Rs 66 and Nabil bank by Rs 63.
Similarly Development and Finance surged scantily by 2.74 points and 2.19 points respectively, attributed by Nagbeli Microfinance and citizen investment trust whose share price heightened up by Rs 110 and Rs 53 respectively.
Hotels and Insurance went up by double figure of 33.65 points and 29.27 points, amid the surge in the share price of Soaltee Hotel by Rs 5 and Nepal Life Insurance by Rs 69.
Increase in share price of Himalayan Distillery by Rs 24 led the Manufacturing rise by 5.58 points.
On the contrary, fall in share price of Chilime Hydro by Rs 6 and NTC by Rs 1 led HydroPower plunge by 8.89 points and Others by 1.18 points.
The share price of Nepal Community Development Bank raise maximum, by Rs 14 or 9.52 percent, followed by the proposal of 1:1 right shares by the bank today.
Other few top gainers of the day are Nerude Laghubitta, Nagbeli Laghubitta and Himalayan Distillery.
Where as companies like Premier Finance, Apex Development, First Micro Finance, Siddhartha Finance and Fewa Finance laid on the top losers of the day.
