Nepse Index slides by 4.89 points on the last trading day of fiscal year 73/74; Turnover above Rs 74.64 crore

The stock market bid farewell to fiscal year 2073/74 with a 4.89 points decline on the last day. Although the benchmark index had climbed up to 1588.79 points on the first trading hour of the day, the market was seen in the downward trend after that. Overall, the index has lost 135.48 points (7.88%) this fiscal year. The index had closed at 1,718.15 points on the last trading day of FY 2072/73. The total turnover of the day stood above Rs 74.64 crore in which more than 20.40 lakh units shares were 8,204 transactions. Forward Microfinance Bittiya Sanstha Limited (FOWAD) topped the list of companies in terms of turnover (Rs 12.88 crore) while Laxmi Value Fund-1 (LVF1) was at the top in terms of number of shares traded (475,000 units). FOWAD had started to show increase in volume from yesterday, and from today, the shares can be freely bought. The same situations were seen in case of Mero Microfinance Bittiya Sanstha Limited (MERO) and RSDC Laghubitta Bittiya Sanstha Limited (RSDC). The best performers for the day were Kuber Merchant & Finance Limited (KMBSL), National Microfinance Bittiya Sanstha Limited (NMFBS), Global IME Sammunati Fund (GIMES1) and Dibyashwori Hydropower Company limited (DHPL) hitting 10% positive circuit break whereas Mithila Laghubitta Bikas Bank Limited (MLBBL) and Arun Finance Limited (ARUN) were among the biggest losers today. Sensitive and float index went down by 0.88 points and 0.41 points respectively. Except others sub-groups, all the sub-groups landed in red zone today. Insurance sub-group witnessed the biggest drop of 53.67 points.