Nepse had gained 19.81 points to close at 482.44 points on Tuesday amid hope that ongoing political deadlock would find a way out. Gains by all trading groups had pushed Nepse index upwards on the day. [break]
On Wednesday´s trading, Sensitive index - that measures trading of Category ´A´ companies in the secondary market - declined by 0.8 points to settle at 117.23 points. Banking and Others groups plunged by 3.77 points and 11.75 points to close at 458.15 points and 552.22 points respectively.
However, Hotel, Development Bank, Hydropower, Finance and Insurance groups saw their sub-indices go up on the day. The sub-indices of Hotel and Development Bank groups gained 2.61 points and 7.51 points to settle at 378.5 points and 481.78 points respectively.
Similarly, the sub-indices of Hydropower, Finance and Insurance also moved into the green territory by gaining climbing 0.91 points, 2.82 points and 6.45 points to close at 719.75 points, 435.99 points and 557.75 points respectively.
A total of 140,430 units of shares and 82 scrips worth Rs 48.9 million changed hands through 1,102 transactions on the day. Total market capitalization - total worth of listed shares in the secondary market - was recorded at Rs 373.93 billion.
Meanwhile, Nepse has suspended the trading of Madhyamanchal Gramin Bikash Bank following the Nepal Rastra Bank´s decision to takeover the management of the bank. Unity Life International - a fraudulent network marketing company - has majority stake in the bank.
Nepse has also sent a letter to the bank´s management, seeking clarification from the latter about the involvement of the Unity group in the management.
“We will decide whether or not to lift the suspension of share trading of the bank after receiving clarification from the bank,” a source at Nepse told myrepublica.com.
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