KATHMANDU, April 4: Nepal Stock Exchange (Nepse) on Tuesday fell marginally by 5.20 points to close at 1,866.68 points.
The secondary market opened at 1,871.88 points and hit the day’s low at 1,856.71 points in the first hour of trading. In the next moment, the market escalated to as high as 1,880.46 points before going down successively to close for the day.
Nepse posts dismal picture—daily turnover falls below Rs 1 bill...
The market failed to bounce back despite the government trying to build up the confidence of investors. On Monday, the newly-appointed Finance Minister Prakash Sharan Mahat called on the stakeholders of the country’s stock exchange market and assured them of solving the underlying problems of the share market.
Six groups including banking, investment, life-insurance, manufacturing and processing, non-life insurance and ‘others’ had their indices declined. Of the remaining seven trading groups, the development bank gained the highest of 10.78 points.
In the intraday trading, 116 listed companies lost in their market values, while 86 companies registered as gainers. The sensitive index that measures the performance of blue chip companies also shed 0.73 points. The daily turnover declined slightly to Rs 917.61 million from Rs 920.24 million on Monday.
Among individual companies, Shivam Cements, with transactions of its shares worth Rs 33.65 million, topped the list. Prabhu Bank Debenture 2087 was the topmost loser and Kalinchowk Darshan Limited gained the highest percent to its market price.
