SAARC effect led turnover dropdown by 35 percent; NEPSE settled at 863.01 levels
ShareSansar, Nov 25:
On the last trading day of this week, the only index of Nepal Stock Exchange (NEPSE) closed at 863.01 level, recording loss of meager 1.3 points or 0.15 percent compared to yesterday’s 864.31 benchmark index.
On the occasion of SAARC summit to be held on 26th and 27th November, the share market of Nepal will remain closed from tomorrow and only regain its operation from Sunday, 30th November.
Due to the long holiday, less involvement was seen in the market as the Investors of the country might be waiting for the positive results from the SAARC summit, which may boom the market in coming days.
The total turnover plunged more than Rs 78 million compared to yesterday’s Rs 225.5 million.
Altogether 325,786 units share were traded through 1,859 transactions worth only Rs 147.6 million.
Among the sub-indices, Banking and Hotels surged 1.2 and 4.5 points or 0.16 and 0.24 percent respectively.
Development, HydroPower, Finance and Insurance dropped by 1.78, 19, 0.13 and 40.09 points respectively.
Manufacturing and Others maintained themselves at no-gain-no-loss today.
Development banks like Kalinchowk Development, Laxmi Laghubitta, Infrastructure Development, Cosmos Development and Bagmati Development Bank were on the top list of gainers.
Whereas Kastamandap Development, Surya Life Insurance, Sana Kisan, National Life Insurance and Reliable Development Bank were few top losers of the day.
