KATHMANDU, Dec 14: Nepal Stock Exchange (Nepse) on Wednesday declined slightly by 2.62 points to close at 1,897.08 points.

The secondary market opened at 1,899.70 points and fell to as low as 1,894.24 points within the first half an hour after the trading started. However, the market recovered in the successive trading hours and surged to the day’s high at 1,906.04 points before the market closed for the day.

The country’s only stock exchange market has been reeling under the bearish trend for the past few weeks. Even the successful conduction of the election to the member of the House of Representatives and revised monetary policy failed to revive the market.

On Wednesday, the daily turnover declined to Rs 727.87 million from Rs 777.08 million on the previous day. In the intraday trading, a total of 109 companies lost in their market value while 82 companies gained on their share prices.

The sensitive index that measures the performance of blue chips companies also declined 1.12 points. Out of the 13 trading groups, five including hydropower, investment, hotels and tourism, finance and manufacturing and processing gained in their average market values. 

Among individual companies, Nepal Doorsanchar Company Limited posted the largest transaction of its shares worth Rs 53.91 million. People’s Hydropower Company was the top loser, while CYC Nepal Laghubitta Bittiya Sanstha Limited gained the highest percent of its market value.

 
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