NEPSE faces meager drop of 2.81 points; turnover below Rs 300 million

ShareSansar, Feb 05:

The Benchmark index of Nepal Stock Exchange Limited (NEPSE) turned down 2.81 points or 0.28 percent to end at 984.22 level.

Opening at 987.29 level this afternoon, the local bourse came down to 978 till second trading hour and there after recovered itself to 984.22 till closing.

NEPSE Sensitive and Float dropped by 0.72 point and 0.35 point to stand at 210.23 and 68.72 levels.

The total turnover stood below Rs 300 million at Rs 267.39 million.

“This is the right time to buy as the market index will not drop for fundamental reasons ‘like earlier’ and will surge ahead technically in coming days” Said Mr. Tsewang Gurung, one of the active share trader in market.


Banking has slipped by 6.01 points or 0.69 percent to end at 869.69 level.

Similarly Development (801.10) and Finance (524.39) has dropped by 0.31 point and 3.99 points respectively.

Hotels (2065.00) and HydroPower (2332.97) also dipped by 16.5 points and 7.32 points respectively.

On the contrary, Insurance (4121.49), Manufacturing (1405.48) and Others (761.29) has surged 2.9 points, 10.97 points and 9.4 points respectively.

Trading of shares of Century Commercial and SHPC were done above Rs 15.16 million.

Companies like Bottles Nepal and Sewa Bikas Bank were among the top gainers of the day.

Altogether 622,234 unit shares of 144 companies were traded through 2,389 transactions worth total of Rs 267.40 million.