Nepse posts dismal picture—daily turnover falls below Rs 1 billion mark while the index drops almost every day

Published On: September 12, 2022 07:40 PM NPT By: Republica  | @RepublicaNepal


Nepse posts dismal picture—daily turnover falls below Rs 1 billion mark while the index drops almost every day

KATHMANDU, Sept 12: The daily turnover at Nepal Stock Exchange (Nepse) has started to plunge below Rs 1 billion mark while the index continues to fall consistently due to low confidence among investors.

On Monday, daily turnover at the secondary market stood at mere Rs 831.60 million. On Sunday too, the figure was just Rs 747.22 million.

In the intraday trading, the market opened at 1,926.28 points and slipped 13.54 points to close at 1,912.74 points. The market fell to as low as 1,907.24 points. Except mutual funds, the remaining trading groups witnessed a decline in their average shares prices.

Nabil Bank had the largest transaction of its shares worth Rs 40.75 million. Nepal Investment Debenture 2082 was the top loser while United Idi-Mardi and RB Hydropower gained the biggest percent of its share price. 

 

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