KATHMANDU, Sept 24: Nepal Stock Exchange (NEPSE) on Wednesday plunged 27.89 points to close at 2,654.35 points after investors looked for booking profits out of the gains from the past two-day surge.
In the past two days, the secondary market escalated by over 170 points. On Wednesday, the market opened at 2,682.25 points and reached the day’s high at 2,689.67 points in the first four minutes. However, it had a sharp fall of 28 points in the next 16 minutes. The market hit the day’s low at 2,645.73 points in the last eight minutes, while the market recovered around nine points in the remaining period before it closed for the day.
NEPSE gains 49.18 points; daily turnover declines to Rs 4.81 bi...
Hotels and Tourism gained 56.18 points, while mutual funds remained stable. Of the 11 losers, non-life insurance shed 164.30 points, the largest of all.
The sensitive index which measures the performance of ‘A’ class companies lost 4.97 points. The daily turnover declined to Rs 4.12 billion from Rs 5.29 billion.
Among the individual companies, 53 were gainers while 193 were recorded as losers. Union Hydropower Limited had the largest turnover of its shares worth Rs 221.38 million.
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited lost the highest of 5.38 percent. Mathillo Mailun Khola Jalvidhyut Limited and City Hotel Limited gained the highest of 10 percent of their market values.
