KATHMANDU, Nov 28: Nepal Stock Exchange (NEPSE) on Thursday corrected by 8.30 points to close at 2,748.05 points.
After surging by around 71 points in the past two days, the market fell by nominal points with investors rushing to book their capital gains, according to stockbrokers. The market opened at 2,755.47 points and surged to the day’s high at 2,774.14 points in the first 20 minutes of trading.
The index then went to a downward graph and hit the day’s low at 2,739.60 points when the trading time was left for 21 minutes. The market recovered by around nine points in the remaining period before it closed for the day.
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The sensitive index, which measures the performance of ‘A’ class companies, declined 3.38 points. The daily turnover decreased to Rs 8.54 billion from Rs 9.31 billion on Wednesday.
Only three groups gained in the intraday transaction, with the trading group adding the largest of 358.33 points in its index. Out of the 10 losers, non-life insurance plunged by the largest of 71.74 points.
Among the individual companies, only 49 were gainers while 195 lost in their market values. Excel Development Bank had the biggest turnover of its shares worth Rs 310.86 million.
Manushi Laghubitta Bittiya Sanstha Limited was recorded as the topmost loser. Bishal Bazar Company and Wean Nepal Laghubitta Bittiya Sanstha Limited were the highest gainers of 10 percent of their market values.
