Nepse drops 18 points to close at 2351 amid selling pressure

Published On: May 12, 2022 05:55 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 12: Nepal Stock Exchange (Nepse) on Thursday fell 18.64 points after the investors rushed to book profit out of the increased shares prices in the past four days trading.

The market that opened at 2,369.06 points went to a maximum of 2,388.77 points before it plunged to as low as 2,351.56 points in the first half an hour. During the rest of the trading hour, the secondary market witnessed a series of fluctuations before closing finally at 2,350.42 points. 

Amid selling pressure, the total turnover amount stood Rs 2.32 billion, up from Rs 2.16 billion of the previous day. The transaction volume on Thursday was the highest in the past one month trading.

Except for manufacturing and processing and ‘others,’ indices of the rest of 11 trading groups saw a decline. While the life-insurance shed 257.14 points, six other groups witnessed a double-digit fall. 

Shivam Cements Limited had the largest turnover of its shares worth Rs 111.06 million. Suryodaya Womi Laghubitta Bittiya Sanstha Limited lost the largest percent in its share prices and Jalpa Samudayik Laghubitta Bittiya Sanstha was the top gainer.  


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