Nepse sheds 29.6 points on first trading day of Nepali Year 2079

Published On: April 17, 2022 05:38 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 17: Nepal Stock Exchange (Nepse) on Sunday declined by 29.6 points to close at 2,385.64 points despite the investors’ expectation that the secondary market could bounce back with the commencement of the Nepali New Year 2079.

The market opened at 2,415.24 points and rose to a maximum mark of 2,437.10 points within a few minutes of the intraday trading.  However, the market went to a straight fall for the rest of the trading hours. The turnover amount also came down to Rs 1.44 billion from Rs 1.47 billion.

According to stockbrokers, investors were elated by a rise of Nepse by 30.24 points on Wednesday, the last day of the Nepali year 2078. “But the market failed to continue the pace in the upward direction despite the positive expectation of a large number of investors,” said a stockbroker on condition of anonymity.

In Sunday’s trading, all 13 groups landed in the red. The sensitive index that measures the performance of class ‘A’ stocks, also fell by 5.12 points.

Nepal Doorsanchar Company had a transaction of its shares worth Rs 49.94 million, the largest of all. Himalaya Urja Bikas Company was the top loser while NESDO Sambridha Laghubitta Bittiya Sanstha gained the largest percentage.

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