Nepse inches up 3.33 points after falling continuously for four days

Published On: January 27, 2022 05:45 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 27: Nepal Stock Exchange (Nepse) inched up 3.33 points to close at 2,779.98 points on Thursday, the last trading day of the week, after undergoing a continuous fall for the past four days.

This week, the country’s stock exchange market was impacted by the weak investors’ sentiments mainly due to lacking consensus among political parties to hold the elections of local governments. Likewise, the liquidity crunch in the banks also added fuel, taking down the Nepse index, which fell by around 150 points over the week.

The secondary market went through a wide range of fluctuation on Thursday trading. The market that opened at 2,776.65 points surged to 2,800.65 points in the first half an hour of the intraday trading. Then the index plunged as low as 2,779.91 before rising to 2,803.78 points, just to bounce back closer to the initial figure.  

The non-life insurance posted a gain of 133.83 points, the largest of all. Similarly, hotels and tourism sub-group witnessed the largest fall of 21.55 points. Regarding the individual companies, Buddha Bhumi Nepal Hydropower Company was the top gainer while Everest Insurance Company Limited Promoter Share lost the largest percentage in its scrip price. 

Leave A Comment