KATHMANDU, August 11: The single-day turnover at Nepal Stock Exchange (Nepse) plunged to as low as Rs 1.76 billion on Thursday as the secondary market has been witnessing a bearish trend for the past few days.  

On Wednesday, the daily turnover stood at Rs 1.93 billion, from around Rs 3 billion in the past few weeks. Due to the ongoing low confidence of investors, the market index has reached closer to 2,000 points.

On Thursday, the Nepse index declined 18.96 points. The market opened at 2,056.88 points and went to the day’s maximum at 2,074.70 points in the first hour of the commencement of the intraday trading. However, the market went to a straight fall in the remaining trading time to close finally at 2,037.92 points.

Except for mutual fund, the average shares prices of the remaining trading groups declined. The sensitive index that measures the performance of the blue chip companies also fell by 4.08 points.

Shivam Cements had the highest transaction of its shares worth Rs 72.79 million. Unilever Nepal Limited was the topmost loser while Himalayan Hydropower Limited was the biggest gainer of the day.

 
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