NEPSE slips 9.8 points: Turnover down by Rs 44 million

ShareSansar, December 17:

The benchmark index of Nepal Stock Exchange went down by 9.8 points or 1.08 percent to close at 900.40, compared to yesterday’s 910.20 level.

The local bourse opened at 910.05 level today and slipped down by more than 12 points to touch the intraday low of 897.51 mark at 1:30 PM, there after recovered itself to narrow its loss to single digit of 9.8 to survive above 900 level.

The passiveness in the investors who reacts to the political rumors in the country has slackened the market.

Also the inability of major political parties to come on the common floor for giving constitution to the country in predefined time has created wariness among the investors.

The turnover has plunged by more than Rs 44 million or 22 percent to stand at Rs 157.13 million, compared to yesterday’s total of Rs 201.43 million.
Altogether 307,617 unit shares of 129 companies were traded today via 1,444 transactions worth only Rs 157.13 million.


Among the sub-indices, Banking dropped by double digits of 11.78 points or 1.45 percent, amid the fall in share price of Standard Chartered by Rs 79 and Nabil by Rs 51.
Hotels, HydroPower and Insurance also tumbled  by double digit of 36.46 points, 42.87 points and 28.02 points respectively, attributed by the fall in share price of Soaltee Hotel by Rs 10, Chilime Hydro by Rs 43 and Nepal Life Insurance by Rs 59.
Finance, Manufacturing and Others dipped meager of 3.01 points, 0.93 point and 2.35 points respectively.
On the contrary, Development Banks surged 1.46 points, attributed by rise in share price of Swarojgar Laghu Bitta by Rs 74 and Swabalamwan Bikash Bank by Rs 35.


The share price of companies like Kaski Finance, Business Universal, Reliable development and Swarojgar Laghubitta Bikash Bank raise maximum today.
Whereas Premier Finance, Professional Diyalo, Premier Insurance, Central Finance and Supreme Development Bank were among the top losers of the day.