NEPSE nosedives 28.68 points; daily turnover rises to Rs 2.598 billion

Published On: February 29, 2024 07:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Feb 28: Nepal Stock Exchange (NEPSE) on Thursday nosedived 28.68 points to close at 1972.09 points. 

The market opened at 2,000.77 points and reached the day’s high at 2,007.57 points in the first 10 minutes of trading. The market then went downhill successively and hit the day’s low at 1,970.53 points till the last 10 minutes. The index recovered around two points in the remaining period before the market closed for the day. 

The sensitive index that measures the performance of ‘A’ class companies declined 4.79 points. The daily turnover slightly increased to Rs 2.598 billion from Rs 2.038 billion on Wednesday.

All the 13 groups were the losers. Life insurance, and hotels and tourism lost three-digit points of 131.98 points and 116.70 points, respectively.

Among individual companies, 17 were recorded as gainers whereas 220 were the losers.

Sonapur Minerals and Oil Limited with transactions of its shares worth Rs 111.31 million led the segment. Joshi Hydropower Development Company lost 10 percent of its market price and was registered as the top loser. Bottlers Nepal (Balaju) Limited was the topmost gainer.  


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