NEPSE sheds 4.84 points
Mon, Nov 24, 2014 12:00 AM on Others,
ShareSansar, Nov 24:
NEPSE sheds 4.84 points or 0.56 percent to close at 864.31 level compared to yesterday’s 869.15 benchmark index.
Despite of decline in index, market is believed to gain points in the near future, as Nepal Rastra Bank has finalized the new provision of loans against dematerialised shares, which will involve more participation and confidence among the investors of the country.
The total turnover plunged by around Rs 36 million, compared to yesterday’s Rs 261.01 million. Altogether 549,485 units share were traded through 1,795 transactions worth Rs 225.5 million.
All the sub-indices faced meager drop to land on red.
Banking which covered 38.93 percent of today’s total market turnover, decreased by 3.23 points or 0.43 percent. HydroPower and Insurance slipped by double digit of 17.44 and 23.55 points or 0.8 and 0.62 percent respectively.
Development, Hotels, and Finance also faced meager fall of 1.98, 4.55 and 5.04 points respectively.
Others “NTC” descended by 8.22 points or 1.15 percent.
Development banks like Laxmi Laghubitta, Clean Energy, Kailash Bikas and Sana Kisan Bikas Bank were the top gainers along with Everest Insurance, whose share price continued its rise by Rs 74 or 7.71 percent today.
Price of SBI surged Rs 18 after the declaration of the bank to distribute 15 percent stock dividend and 7 percent cash dividend to its share holders from the profits of the last fiscal year 70/71
Where as Kabeli Bikas, H & B Development, Jyoti Bikas, Infrastructure Development and Narayani National Finance were few top losers today.
