KATHMANDU, Nov 10: Nepal Stock Exchange (Nepse) on Thursday lost 23.52 points to close at 1,893.70 points.
Amid slowdown in economic activities due to soaring interest rates on banks’ lending, the country’s stock exchange market is also going through a bearish trend. Due to this reason, Nepse went down 70 points in four days’ trading.
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On Thursday, the secondary market opened at 1,917.22 points and went to as high as 1,929 points. However, the market declined in the successive trading hours to close below 1,900 points.
The daily turnover stood at Rs 1.11 billion, a fall from Rs 1.40 billion on Wednesday. The sensitive index that measures the performance of blue chips companies also fell 4.17 points.
All 13 trading groups posted losses in their average shares prices. Shivam Cements had the largest transaction of its shares worth Rs 102.23 million. Upper Hewakhola Hydropower Company lost the highest percent in its share price while Mandakini Hydropower Limited was the top gainer of the day.
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