Political uncertainty affects NEPSE; index loses 13.46 points with turnover down to only Rs 34.55 crore
Wed, Feb 22, 2017 5:03 PM on Latest, Featured, NEPSE News, Stock Market,
The benchmark index at Nepal Stock Exchange (NEPSE) has shrunk by 13.46 points (0.99%) today. Investors have linked this instability to the increase in unrest in Terai after the announcement of local election date. The market opened at 1,357.70 and was on a roller coaster ride, signaling stiff duel between the buyers and sellers. The market eventually closed at 1,344.11 points. The total turnover today stood at only Rs 34.55 crore, around Rs 25 crore less than yesterday.
Today, 114,000 units of NMB Sulav Investment Fund-1 (NMBSF1) and 37,129 units of Prabhu Bank Limited (PRVU) were traded the most today. Nepal Doorsanchar Company (NTC), Bank of Kathmandu Lumbini Limited (BOKL) and Nabil Bank’s promoter shares (NABILP) had the highest turnovers.
Karnali Development Bank Limited (KRBL) which announced the SGM to endorse 225% right shares today, hit positive circuit today and gained the most. Mahalaxmi Bikas Bank Limited (MLBL) and Nagbeli Microfinance Development Bank (NBBL) were also among the top gainers. Mount Makalu Development Bank Limited (MMDBL), Everest Insurance (EIC) and United Insurance Company Nepal Limited (UIC) were the top losers. Altogether, 7.64 lakh unit shares were traded through 3,758 transactions today.
Today, the sensitive index slipped by 3.2 points, whereas float index dropped by 0.97 points. Insurance sector lost the most points today (112.69) and all sectors ended up in red.
Today, 114,000 units of NMB Sulav Investment Fund-1 (NMBSF1) and 37,129 units of Prabhu Bank Limited (PRVU) were traded the most today. Nepal Doorsanchar Company (NTC), Bank of Kathmandu Lumbini Limited (BOKL) and Nabil Bank’s promoter shares (NABILP) had the highest turnovers.
Karnali Development Bank Limited (KRBL) which announced the SGM to endorse 225% right shares today, hit positive circuit today and gained the most. Mahalaxmi Bikas Bank Limited (MLBL) and Nagbeli Microfinance Development Bank (NBBL) were also among the top gainers. Mount Makalu Development Bank Limited (MMDBL), Everest Insurance (EIC) and United Insurance Company Nepal Limited (UIC) were the top losers. Altogether, 7.64 lakh unit shares were traded through 3,758 transactions today.
Today, the sensitive index slipped by 3.2 points, whereas float index dropped by 0.97 points. Insurance sector lost the most points today (112.69) and all sectors ended up in red.
