NEPSE nosedives 23.81points, daily turnover rises to Rs 4.57 billion

Published On: May 29, 2024 06:56 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 29: Nepal Stock Exchange (NEPSE) responded to the government budget negatively with the market index going down by a notable 23.81 points on Wednesday.

The market opened at 2,113.27 points and reached the day’s high at 2,153.39 points in the first few minutes after the market opened for trading. However, the index went into a straight fall in the remaining period of the intraday trading, finally closing at 2,089.42 points.

The sensitive index that measures the performance of ‘A’ class companies also decreased by 4.82 points. The daily turnover increased to Rs 4.57 billion from Rs 3.89 billion on Monday. The government gave a public holiday on Tuesday to mark Republic Day.

Four groups including manufacturing and processing, hotels and tourism, trading and finance were successful to add to their market indices. Manufacturing and processing posted the largest gain of Rs 174.01 points. Among the losers, life insurance shed the highest of 134.64 points.

Among individual companies, 56 were recorded as gainers whereas 191 were the losers.

Pokhara Finance Ltd had the largest turnover of its shares worth Rs 195.21 million. Buddha Bhumi Nepal Hydropower Company Limited lost the highest of 9.41 percent of its market value, while Unilever Nepal Limited was recorded as the topmost gainer. 


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