Nepse plunges 26.47 points, daily turnover stands at Rs 1.33 billion on Thursday

Published On: March 2, 2023 04:54 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, March 2: Nepal Stock Exchange (Nepse) on Thursday declined 26.47 points to close at 1,969.02 points.

The secondary market opened at 1,995.49 points and went to a straight fall since the commencement of the day’s trading. After the index hit as low as 1,970.59 points, the market tried to recover with a gain of around eight points in the last half an hour of the trading time. However, the market failed to maintain its pace in the remaining trading hour.  

In the aftermath of the political turmoil created with the race for the presidential elections, the secondary market has been presenting a shaky picture. In the last two trading days of this week, the market lost over 50 points. 

Along with the index, the daily turnover amount has also slipped to hover around one billion rupees. On Thursday, the amount hit Rs 1.336 billion, which was slightly more than Rs 1.28 billion on Wednesday. 

In the intraday trading, 194 listed companies lost in their market values, while only 19 companies were gainers. The sensitive index that measures the performance of blue chip companies declined 4.81 points.

All the 13 trading groups lost in their market values. Life insurance and microfinance companies lost three-digit points.

Regarding individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 81.28 million. Global IME Laghubitta Bittiya Sanstha Limited was the topmost loser, while Buddha Bhumi Nepal Hydropower Company Limited gained the highest percent of its market value.  

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