Nepse Index nosedives by 24.70 points to close at 1590.49; Turnover above Rs 71.13 crore
Sun, Jun 11, 2017 3:37 PM on Latest, Featured, NEPSE News, Stock Market,
The benchmark capital market index, Nepal Stock Exchange (NEPSE) has declined by 24.70 points or 1.53% to close at 1590.49 points on the first trading day of the week.
Nepse Index opened at 1615.34 points today and the local bourse was seen in a continous downward trend, although it tried to rebound to 1,600 level in the third trading hour. Despite the formation of a new government, uncertainty over the next phase of local elections seems to have gripped the market and investors' mentality.
Likewise, banks have also tightened their margin lending rates and have hiked interest rates on both deposits and loans, which has been affecting the stock market lately.
176,949 units shares of NMB Bank Promoter Shares (NMBPO) and 37,184 units shares of Prime Commercial Bank Limited (PCBL) were traded the most today.
Standard Chartered Bank Nepal Limited (SCB) had the highest turnover of over Rs. 7.53 crore, followed by NMB Bank Promoter Shares (NMBPO) with Rs. 4.81 crore.
RSDC Laghubitta Bittiya Sanstha Limited (RSDC) and World Merchant Banking and Finance Limited (WMBF) hit positive circuit break today whereas NMB Bank Promoter Shares (NMBPO) and Nerude Laghubitta Bikas Bank Limited (NLBBL) were among the top losers.
The total turnover of the day stood above Rs. 71.13 crore in which 11.23 lakh unit shares were traded through 7,046 transactions.
Sensitive and float index decreased by 5.7 points and 1.93 points respectively. Except Hotels and Manufacturing & Production, all other sub-group landed in red zone today. Insurance sub-group witnessed the biggest drop of 138.33 points followed by Hydropower group that plunged by 45.93 points.
176,949 units shares of NMB Bank Promoter Shares (NMBPO) and 37,184 units shares of Prime Commercial Bank Limited (PCBL) were traded the most today.
Standard Chartered Bank Nepal Limited (SCB) had the highest turnover of over Rs. 7.53 crore, followed by NMB Bank Promoter Shares (NMBPO) with Rs. 4.81 crore.
RSDC Laghubitta Bittiya Sanstha Limited (RSDC) and World Merchant Banking and Finance Limited (WMBF) hit positive circuit break today whereas NMB Bank Promoter Shares (NMBPO) and Nerude Laghubitta Bikas Bank Limited (NLBBL) were among the top losers.
The total turnover of the day stood above Rs. 71.13 crore in which 11.23 lakh unit shares were traded through 7,046 transactions.
Sensitive and float index decreased by 5.7 points and 1.93 points respectively. Except Hotels and Manufacturing & Production, all other sub-group landed in red zone today. Insurance sub-group witnessed the biggest drop of 138.33 points followed by Hydropower group that plunged by 45.93 points.
