Turnover sheds more than 40%; NEPSE remains above 900 mark

ShareSansar, Dec 16:

NEPSE tumbled 6.54 points or 0.71 percent to close at 910.20, compared to yesterday’s 916.74 level.

Unlike yesterday, the local bourse dipped more than 12 points to touch the intraday low of 904.68 level in the initial hour. There after recovered itself to minimize the loss to single digit of 6.54 points at closing.

Mainly selling practice by short term investors in the market has led to fall in the index.

Also that investor who comes in the market viewing the political scenario has affected the benchmark, which was clearly indicated by the total turnover which stood around only Rs 200 million.

The total turnover plunged heavily by Rs Rs 155.8 million, compared to yesterday’s Rs 357.23 million.
Altogether 530,353 unit shares of 129 companies were traded today via 1,873 transactions amounting only Rs 201.43 million.


Among the sub-indices, Banking went down by 6.27 points or 0.77 percent to close at 810.17, attributed by the fall in share price of Nabil Bank by Rs 24 and Everest Bank by Rs 21.
Development and Finance faced meager shed of 2.24 points and 1.1 point respectively.
Insurance plunged by double digit of 51.51 points, amid the fall in share price of Life Insurance Co. by Rs 149.
HydroPower and Others dipped 8.88 points and 5.87 points to close at 2,293.01 and 722.53 levels respectively.
On the contrary, Hotels and Manufacturing surged by meager 0.34 point and 1.86 point.


Companies like Central Finance, Pacific Development, Neco Insurance, Sana Kissan and Grand Bank were wmong the top gainers of the day.
Whereas share price of Premier Finance, Nilgiri Bikas,  Miteri Development, Araniko Development and Nepal Insurance Co. plunged maximum today.