NEPSE slips again below 900 mark; Turnover amounts only Rs 138.47 million

ShareSansar, December 21;

The only benchmark index of Nepal Stock Exchange (NEPSE), slashed 7.28 to close below 900 at 896.61 level, compared to last week closing of 900.4 mark index.

The local bourse opened at 903.83 this afternoon and rolled down hill to land in red at the end. The intraday low was recorded of 894.53 level at mid-trading hour.

Investors in the market are not in mood to take risk of political wobbly as the deadline of January 22 of giving constitution to the country is just few days ahead.

Also the total turnover has plunged by almost Rs 8 million compared to total of Rs 146.44 million of previous trading day.
Altogether 361,299 unit shares of 119 companies were traded through 1,559 transaction worth Rs 138.47 million.


Among sub-groups, Banking fell by double digit of 10.01 points or 1.25 percent, amid the drop in the share price of Everest Bank by Rs 30 and Global IME by Rs 14.
Development and Insurance dipped meager 2.27 points and 3.72 points to close at 667.86 and 3,751.24 level respectively, attributed by fall in share price of Swabalamwan Bikash Bank and Nagbeli Microfinance Development Bank by Rs 29 and Rs 70 respectively and Prime Life Insurance by Rs 19.
Hotels and Manufacturing went down by 1.91 points and 2.56 points respectively, whereas Finance surged meager 0.94 point.
Decrease in share price of Chilime Hydro power by Rs 10 and NTC by Rs 4 led sub-sector HydroPower and Others descend 18.39 points and 4.7 points respectively.


Companies like Nepal Community Development, Chhimek Laghubitta, Supreem Development, Alpine Development and Kaski Finance Limited were among the top gainers of the day.
Whereas share price of  Kalinchowk Development, Western Development, Vivor Bikas, Reliable Development and Kagbeli Bikas Bank stumbled maximum today.