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ECONOMY

Nepse slips 2.94 points while daily turnover declines to Rs 4.740 billion on Monday

KATHMANDU, June 19: Nepal Stock Exchange (Nepse) on Monday slipped marginally by 2.94 points to close at 2,091.39 po...
By Republica

KATHMANDU, June 19: Nepal Stock Exchange (Nepse) on Monday slipped marginally by 2.94 points to close at 2,091.39 points.


The secondary market opened at 2,094.33 points and went through a series of fluctuations and hit the day’s low at 2,075.89 points in two hours of trading. In the next moment, the market however recovered around 16 points to close for the day.


According to stockbrokers, the market corrected with a slight downfall after investors rushed to book their capital gains earned in the past few days. In the past six-day trading, the market gained around 152 points.


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In the intraday trading, 142 listed companies lost in their market value while 80 companies were recorded gainers. The sensitive index that measures the performance of the blue chips companies gained 1.82 points.


Out of 13 trading groups, only five gained in their market index. Development banks added the largest of 131.37 points, followed by finance, ‘others’, investment and mutual funds. Of the losers, non-life insurance and life insurance plunged the three-digit points.


The daily turnover amount declined by marginal value to Rs 4.740 billion from Rs Rs 4.869 billion on Sunday.


Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 298.21 million. Unique Nepal Laghubitta Bittiya Sanstha Limited lost the highest percent while Central Finance Co Ltd gained the highest percent of its market price.  


 

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