KATHMANDU, June 11: Nepal Stock Exchange (NEPSE) on Wednesday declined 13.69 points to close at 2,664.47 points.
After escalating by around 48 points in the past two days, the share market index declined with investors rushing to book their profits, according to stockbrokers. The secondary market opened at 2,678.16 points and went up to the day’s high at 2,686.37 points in the first 40 minutes.
However, the market could not retain its charm for the investors as the index plummeted to the day’s low at 2,661.2 points in the midway of the four hours trading. The market stood almost stable for over an hour while it recovered around three points in the remaining period before it closed for the day.
Nepse closes week lower amidst notable profit booking
Only hydropower out of the 13 groups was the gainer by adding 40.84 points in its index. Of the 12 losers, the life insurance index went down by the largest of 110.55 points.
The sensitive index which measures the performance of ‘A’ class companies declined 0.68 points. The daily turnover amount also dropped to Rs 9.90 billion from Rs 10.16 billion on Tuesday.
Among the individual companies, 170 were gainers while 77 were the losers. Radhi Bidyut Company had the biggest turnover of its shares worth Rs 615.71 million.
Saptakoshi Development Bank with a decline of 4.83 points was recorded as the topmost loser. Two companies— Pure Energy Limited and Synergy Power Development Ltd--gained the highest of 9.99 percent of their market values.