Nepse inches up 1.02 points, while daily turnover falls heavily to below Rs 1 billion on Wednesday

Published On: March 29, 2023 04:48 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, March 29: Nepal Stock Exchange (Nepse) on Wednesday crawled up by a marginal 1.02 points to close at 1,919.42 points.

The secondary market opened at 1,918.41 points and fell straight to the day’s low at 1,902.46 points within the first one hour of trading. However, the market bounced back to hit the day’s high of 1,921.98 points, before losing around two points in the last few minutes to close for the day.

In the intraday trading, 87 listed companies gained in their market value, while 114 companies registered as losers. The sensitive index that measures the performance of blue chip companies increased 0.16 points.

Hotel and tourism, non-life insurance, microfinance, ‘others’ and investment were the gainers. Of the remaining eight groups, life-insurance lost the largest of 50.84 points.

Despite a nominal rise in the overall index, daily turnover fell below Rs 1 billion. The transaction volume was recorded at just Rs 816.21 million, a heavy decline from 1.44 billion on Tuesday.   

Among individual companies, NIC Asia topped the list of companies with transactions of its shares worth Rs 35.69 million. Super Mai Hydropower Limited was the top gainer, while Khaptad Laghubitta Bittiya Sanstha Limited lost the highest percent of its market price.  

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