ECONOMY

NEPSE sheds 12.95 points as daily turnover down 63 percent to Rs 4.72 billion

The Nepal Stock Exchange (NEPSE) on Thursday fell by 12.95 points, dropping to the 2,652.58 level.
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By REPUBLICA

KATHMANDU, Nov 5: The Nepal Stock Exchange (NEPSE) on Thursday fell by 12.95 points, dropping to the 2,652.58 level.



The secondary market opened at 2,665.53 points and rose five points in the first two minutes. The index then went to a straight fall and hit the day’s low at 2,639.59 points at the midway of the trading hours. The market recovered around 13 points in the remaining period before it closed for the day. 


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The sensitive index decreased by 1.57 points, while the float index and the sensitive float index fell by 0.96 points and 0.68 points, respectively.


Among the sectors’ performance, only microfinance added 4.22 points. Of the 12 losers, development banks lost the largest of 38.90 points as the heavy weight banking index also plunged 9.11 points.


The daily turnover nosedived to Rs 4.72 billion from Rs 7.43 billion. A total of 56 listed companies witnessed gain, 211 lost and 12 had their market value unchanged.


Kumari Sabal Yojana gained the highest of 2.96 percent as KBL Debenture 2086 plunged the most by 5.09 percent. Ankhu Khola Jalvidhyut Company had the largest transaction of its shares worth Rs 181.92 million.


 

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