Daily turnover drops to around Rs 1 billion at Nepse while index falls 15.02 points on Tuesday

Published On: April 26, 2022 05:56 PM NPT By: Republica  | @RepublicaNepal


Daily turnover drops to around Rs 1 billion at Nepse while index falls 15.02 points on Tuesday

KATHMANDU, April 26: Nepal Stock Exchange (Nepse) on Tuesday fell 15.02 points while the daily turnover, too, fell to as low as Rs 1.04 billion amid declining confidence of investors due to a prolonged liquidity crunch in the banks and financial institutions (BFIs).

The market that opened at 2,386.01 points rose to the maximum of 2,401.99 points in the first trading hour of the day. The index dropped to as low as 2,358.83 points before the market closed at 2,370.99 points for the day.

The sensitive index that measures the performance of blue chips companies also declined 1.74 points. Except for mutual funds and manufacturing and production, the remaining 11 trading groups posted losses in the intraday trading.

Siddhartha Bank Limited had the largest transaction of its shares worth Rs 42.18 million. Himalayan Power Partner Limited was the biggest loser while Jalpa Samudayik Laghubitta Bittiya Sanstha posted the largest percent gain in its share price. 

 

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