Nepse loses 31.21 points, single-day transaction plunges below Rs 1 billion on Wednesday

Published On: June 22, 2022 05:20 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 22: Nepal Stock Exchange (Nepse) on Wednesday lost 31.21 points while the single-day turnover amount also stood below Rs 1 billion, despite assurance of the Securities Board of Nepal (Sebon) to address the policy review demanded by the investors. 

After a successive fall for a long time, the secondary market had reaped hope among investors with a gain of 37.49 points on Tuesday. However, the investors rushing to book a small gain following heavy losses in the recent days, pushed the market back to the dismal point on Wednesday, said the stockbrokers.

Citing heavy losses in recent days from the stock trading, a group of investors have launched a hunger strike, forwarding the government authorities with 19-point demands. In response, Sebon through a press meet on Tuesday expressed its commitment to address most of the demands of the investors.

However, the regulator’s assurance could not yield positive results in the shares market on the next day. On Wednesday, the secondary market opened at 1,922.30 points and went to a straight fall throughout the trading hours before closing finally at 1,893.53 points. 

The entire 13 trading groups lost in their average shares prices in the intraday trading. There was a transaction of shares worth mere Rs 843.77 million, a massive fall from Rs 1.23 billion on Tuesday.

Among the individual companies, Nabil Bank had the largest transaction of its shares worth Rs 33.96 million. United Idi-Mardi and RB Hydropower Limited lost the highest percent in its shares price while Global IME Samunnat Scheme-1 was the top gainer. 


Leave A Comment