KATHMANDU, Sept 25: Nepal Stock Exchange (NEPSE) on Thursday slid 2.35 points to close at 2,652.00 points with investors being reluctant to inject their money amid ongoing Dashain, the biggest festival of Hindus.
The secondary market opened at 2,654.35 points and fell to the day’s low at 2,638.05 points in the first 25 minutes. However, the index went on a sharp rise to hit the day’s high at 2,661.43 points in the next one hour and 18 minutes, while it immediately declined by 14 points and remained almost stable for another around two hours. In the last few minutes, the market fluctuated around three points before it closed for the day.
Daily turnover suffers loss of Rs 1.35 billion as NEPSE sheds 1...
Trading by adding 52.56 points led the four gaining groups that included banking, investment and mutual funds. Of the nine losers, Hotels and Tourism lost the largest of 98.96 points.
The sensitive index which measures the performance of ‘A’ class companies declined marginally by 0.10 points. The daily turnover fell to Rs 3.26 billion from Rs 4.12 billion.
Among the individual companies, 107 were gainers while 139 were recorded as losers. Nepal Reinsurance Company Limited had the largest turnover of its shares worth Rs 309.03 million.
City Hotel Limited lost the highest of 7.55 percent of its market price. Him Star Urja Company Limited added the highest of 10 percent.
