KATHMANDU, Jan 20: Nepal Stock Exchange (NEPSE) on Monday inched up 6.78 points amid volatility in share prices of the banks and financial institutions (BFIs).
The secondary market opened at 2,601.21 points and rose to 2,623.61 points in the first half-hour of trading. The index then plummeted to as low as 2,604.41 points in the next three hours, recovering only around three points in the remaining trading hours to close at 2,607.99 points.
Revised interest rate corridor system introduced
Out of the five losers, the BFIs performed dismally during the intraday trading. The banking index lost 2.80 points and that of finance went down by 68.76 points. Similarly, development banks and microfinance index also lost 32.46 points and 2.12 points respectively. Among eight gaining groups, manufacturing and processing posted the highest 116.49 points to its market value.
The sensitive index which measures the performance of ‘A’ class companies experienced only marginal growth of 0.10 points. The market, nevertheless, enjoyed an overall daily turnover of Rs 6.57 billion, a significant increase from Rs 6.25 billion on Sunday.
Among the individual companies, 118 were gainers while 117 were registered as losers. River Falls Power Limited had the biggest turnover of its shares worth Rs 240.18 million.
Manushi Laghubitta Bittiya Sanstha Limited, with an addition of 9.05 percent, was recorded as the topmost gainer. Wean Laghubitta Bittiya Sanstha Limited and Super Madi Hydropower Limited, by shedding 10 percent of their market price, were recorded as the largest losers.
