Nepse slides 15.73 points with banks announcing their poor financial health
KATHMANDU, April 20: Nepal Stock Exchange (Nepse) on Thursday declined 15.73 points to close at 1,904.40 points.
The secondary market opened at 1,920.12 points and gained eight points within a very short time of the trading started. However, in the next moment, the market index gradually declined in the remaining trading period.
Nepse posts dismal picture—daily turnover falls below Rs 1 bill...
Stockbrokers said the stocks trading on Thursday was largely affected by the banks’ financial records. “Although the overall profit of banks as of the third quarter-end has increased, banks are reported to be facing incidents of surging bad debts,” a stockbroker said.
All the 13 trading groups had their indices declined. Of them, nine shed double-digit values in their indices.
In the intraday trading, 178 listed companies were the losers, while 33 companies added to their market prices. The sensitive index that measures the performance of the blue chips companies also fell by 2.79 points.
The daily turnover stood at Rs 983.36 million, up from Rs 872.14 million on Wednesday. In all five trading days this week, the daily turnover amount could not cross the Rs 1 billion mark.
Among individual companies, the share transactions amount of NIC Asia Bank was recorded at Rs 57.54 million, the largest of all. Adarsha Laghubitta Bittiya Sanstha Limited lost the highest percentage of its market price, while Kalinchowk Darshan Limited was recorded as the biggest gainer.
