The benchmark index had shed 3.09 points on the day. Nepse had dropped to 402.11 points in November, 2006.[break]
Stock market analysts said long running political uncertainty is the only reason behind the gloom in the secondary market.
Despite growth of Hydropower and Insurance groups, loss in the sub-indices of other groups such as Banking, Development Bank, Finance and Others brought down the Nepse index on the day´s trading.
Banking - the heavyweight trading group in the stock market -- saw its sub-index fall by 2.43 points to close at 372.3 points. Similarly, the sub-indices of Development Bank, Finance and Others groups went down by 1.82 points, 1.38 points and 11.75 points to settle at 393.08 points, 370.12 points and 505.24 points respectively. Hydropower and Insurance groups, however, gained values 12.34 points and 3.08 points to close the day at 683.36 points and 483.64 points respectively.
A total of 80,710 units of shares and 73 scrips worth Rs 22.47 million changed hands through 765 transactions on Wednesday. Total market capitalization - the total worth of listed shares - was recorded at Rs 332.92 billion.
Ncell launches 3G service
Ncell - the first private GSM operator in the country - Wednesday launched 3G services, offering high speed mobile data.
Introducing the new service, Ncell CEO Pasi Koistinen said, using Ncell´s 3G service means keeping internet in pocket. “Though our new service, users can now access internet at high speed,” Koistinen added.
Ncell users can activate 3G services free of cost. Users neither need to change SIM card, nor upgrade it to enjoy 3G service. “Benefits of 3G service are not limited to video calling. Our focus will be on providing high speed internet,” Ncell said in a statement.
Officials of Ncell informed that they have received positive feedback from users during the trial phase of the new service. “Ncell users have felt the difference and we have seen number of subscribers go up rapidly during the period," Koistinen added.
Ncell´s new mobile data service is not just user friendly but also economical. Ncell is charging just Rs 0.0006 per kilobyte of data. Ncell is also giving away free content from their mobile portal, inviting customers to download free wallpapers, games, and ring tones from Wednesday to celebrate the launch of 3G service. Ncell had launched its mobile portal in April.
The 3G network is currently available in Kathmandu. The company is building necessary infrastructures to expand the services to Bharatpur, Birgunj, Butwal, Itahari, Bhairawa, Hetauda and Bhadrapur very soon.
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