NEPSE hit negative circuit to close at 1201.58 index; recorded lowest ever transaction of mere Rs 36.13 lacs

Wed, May 13, 2020 11:51 AM on Latest, NEPSE News, Stock Market,
NEPSE hit...

On the 2nd trading day amid this lockdown period, NEPSE again plunges by 2% circuit level (which is maximum levels as prescribed by Securities Board of Nepal (SEBON) amid this lockdown period) to close at 1201.58 index, whereas, total turnover stood only Rs 36.13 lacs. Hence, trading in NEPSE suspended for the rest of the day at 11:39 AM.

The only stock exchange of Nepal (NEPSE) had resumed its operations since 12th May, 2020 i.e. yesterday onwards, after the halt of 50 days due to Covid-19 pandemic all over the world. NEPSE was last traded at 1251.45 index on 22nd March, 2020 before the lockdown time.

In total, 74 companies trade executed today, in which, 25 companies hit negative circuit of 2.90% to 3% circuit level. Out of the 12 sub- indices, trading did not happen from Trading and Mutual Fund sub index.

The sentiments of the investors seems to be extremely negative due to this pandemic, they all are in anticipation to get some relief in any form from the concerned stakeholders, citing current problem. However, neither SEBON nor NEPSE has published any notice on this matter, so far. 

Sensitive Index lost 5.35 points and closed at 260.32 points while Float Index lost 1.74 points and closed at 85 points.

All sub-indices closed in the red zone. Others, Banking and Life Insurance Sectors were the top losers.