NEPSE starts the week with plunge: turnover drops by Rs 20 million

ShareSansar, Dec 07:

NEPSE started the week with drop of 2.88 points of 0.34 percent to close at 850.88 points, compared to 853.76 level closing of previous trading day.

The benchmark index had minimal ups and downs on its respective graph, throughout the day.

The instability among the major political parties and there unlike statements regarding making the constitution of the country till January 22 and probability of extension of the deadline by them, has resulted in passiveness among the investors in the country.

The total turnover has plunged by more than Rs 20 million, compared to previous trading day’s total of Rs 180.3 million. Altogether 462,228 unit shares were traded of 120 scrips via 1,480 transactions, worth only Rs 159.7 million.

Among the sub-group, Banking declined by 4.33 points or 0.58 percent, whereas Development Bank dropped by 3.8 points.  Similarly Hotels and HydroPower dipped 10.79 points and 1.89 point to close at 1877.93 and 2092.90 levels respectively.
On the contrary, Finance, Insurance and Manufacturing landed on green, which surged 0.34 point, 6.9 points and 1.16 point respectively.
However, Trading and Others maintained themselves at no-gain-no-loss position at the closing.


Companies like Seti Finance, Excel Development, Civil Bank, Prudential Finance and Sunrise bank were among the top gainers of the day.
Whereas, Union Finance, Surya Life Insurance, Shine Resunga Development, Malika Bikas and Yeti Development Bank faced maximum plunge of the day in their respective share price.