NEPSE sheds 5.02 points: Turnover surge Rs 41.5 million
ShareSansar, Dec 2:
The benchmark index of Nepal Stock Exchange Limited (NEPSE) plunged by 5.02 points to close at 846.41 level, compared to yesterday’s 851.43 mark index.
NEPSE opened at 851.41 level this afternoon and leaned down by double digits of 12.11 points, touching the intraday low of 839.30 level till its midway. However the later improvement in the scrips of Banking and Insurance attributed the local bourse to narrow its loss to 5.02 points.
The continuous drops in the benchmark index and low turnovers, for no absolute reason, from few days, had resulted panic selling in the initial hours today. However, viewing the low price of the scrips, the movement of buying investors increased in the market, which later enhanced the NEPSE index.
The total turnover has surged by Rs 41.5 million, compared to yesterday’s total of Rs 139.6 million, which indicates, the market is gradually approaching towards its regular corridor.
Altogether 451,655 units share were traded through 1,624 transactions worth Rs 181.05 million.
Similar to NEPSE, Banking was also able to narrow its loss from 15.58 points to 6.86 points or 0.93 percent at closing. Development and Insurance plunged by 3.62 and 9.51 points or 0.55 and 0.26 percent respectively.
In the same way HydroPower and Finance dropped by 19.63 and 1.17 points respectively.
On the contrary Hotels and Manufacturing raised up by 12.22 and 10.38 points or 0.65 and 0.84 percent respectively.
On the other hand, Others stood at no-gain-no-loss.
Commercial banks like Janata Bank and Nepal Bangladesh Banks and few Development Banks like Kasthamandap Development, Bhargav Bikash and Reliable Development Bank were the top gainers of the day.
Whereas Kalinchowk Development, Jyoti Bikas, Karnali Development Bank and First Micro Finance Development Bank including Multipurpose Finance Company Limited were on the top losers side.
The share price of Nabil Bank dropped by Rs 12 or 0.71 percent, despite the announcement of 65 percent dividends by the bank to it’s shareholders.
