KATHMANDU, March 14: Nepal Stock Exchange (Nepse) on Tuesday increased marginally by 1.85 points to close at 1,953.06 points.
The secondary market opened at 1,951.21 points and plunged to the day’s low at 1,939.59 points within the first one hour of the trading started. The market soared by 26 points at the midway of the total trading hours. However, the market could not retain its charm for the investors and went into a straight fall and lost around 13 points in the remaining time.
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The market has failed to catch up its upward graph despite the banks moving ahead to reduce interest rates. According to stockbrokers, investors are in wait and watch due to a possible financial crisis that Nepali banks might have to withstand, citing bankruptcy of a number of banks in the USA.
In the intraday trading, 126 listed companies gained in their market value, while 78 companies registered as losers. The sensitive index that measures the performance of blue chip companies declined 0.17 points.
Along with the market index, the daily turnover amount also posted a dismal figure. The daily transaction amount plunged to Rs 1.13 billion from Rs 1.16 billion on Monday.
Eight out of the 13 trading groups were among the benefitted out of the shares transaction. Commercial banks, manufacturing and processing, microfinance, mutual fund and trading were the losers.
Among individual companies, NIC Asia Bank was registered for holding the largest single day transaction of its shares worth Rs 104.82 million. Unique Nepal Laghubitta Bittiya Sanstha Limited was the topmost gainer, while NIC Asia Balanced Fund lost the highest percent of its market price.
