Nepse plunges 37.27 points, rallies to go below 1,900 points

Published On: June 19, 2022 05:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 19: Nepal Stock Exchange (Nepse) on Sunday declined by 37.27 points to close at 1,934.11 points.

After the government scrapped two-day holidays in a week, it was the first Sunday that the Nepse allowed for shares trading. However, the market that opened at 1,971.38 points went into a straight fall throughout the trading hours.

The country’s secondary market has been on a bearish trend for a long time period, which has led to a low confidence among the investors to inject their money in shares. Last week, the Nepse index fell by 76.78 points. 

Due to the low confidence of investors, the single-day turnover also has been hovering around Rs 1 billion. On Sunday too, the single-day turnover amount stood at mere Rs 1.13 billion.

The sensitive index that measures performance of the blue chips companies also went down 7.29 points. The entire 13 trading groups landed in the red, with the majority of them witnessing a double-digit fall on their average share prices.

Nepal Doorsanchar Company had the largest transaction of its shares worth Rs 102.98 million. River Falls Power Limited was the biggest loser while Adhikhola Laghubitta Bittiya Sanstha Limited gained the highest percentage in its share price.


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