KATHMANDU, June 15: Nepal Stock Exchange (Nepse) on Thursday increased marginally by five points to close at 2,042.07 points.
The secondary market opened at 2037.07 points and went to the day’s high at 2,049.96 points in the first few minutes of the trading. However, the market went downhill and hit as low as 2,018.05 points before the index recovered to close for the day.
According to stockbrokers, the market bounced back after the banks decided to reduce interest rates on their lending.
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In the intraday trading, 75 listed companies were successful in adding to their market values, while 139 companies were the losers. The sensitive index that measures the performance of the blue-chips companies lost 0.30 points.
Six out of the 13 trading groups gained in their market values. Life insurance, hotels and tourism and non-life insurance gained three-digit points, while manufacturing and processing, ‘others’ and mutual funds were among the gainers.
The daily turnover amount declined to Rs 3.16 billion from Rs 5.01 billion on Wednesday. Compared to the previous day, the transaction amount on Thursday fell by around Rs 2 billion.
Among individual companies, Shivam Cements held the transaction of its shares worth Rs 179.34 million and topped the segment. City Hotel Limited was the biggest gainer, while Bhugol Energy Development Company Limited lost the highest percent of its market price.
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