KATHMANDU, May 11: Nepal Stock Exchange (Nepse) on Thursday slipped down 3.34 points to close at 1,838.59 points.
The secondary market opened at 1,841.93 points and initially rose to the day’s high at 1,843.35 points. But the market went into a straight fall to hit as low as 1,831.46 points, before it gained around seven points to close for the day.
Nepse stretches winning run with record weekly turnover
In the intraday trading, 138 listed companies lost their market prices, while 64 companies registered as gainers. The sensitive index that measures the performance of the blue chips companies also went down 0.71 points.
Out of the 13 groups, three including life insurance, banking and mutual fund gained in their market values. Of the remaining 10 groups, five declined by double-digit points.
The daily turnover amount fell to Rs 578.84 million from Rs 589.10 million on Wednesday. Despite Nepal Rastra Bank hinting to adopt lenient measures through the third monetary policy review, which is most likely to take place on Friday, the share market slumped due to the low confidence of the investors, said stockbrokers.
Among individual companies, Nepal Doorsanchar Company Limited had transactions of its shares worth Rs 31.50 million and topped the category. Forward Microfinance Laghubitta Bittiya Sanstha Limited registered as the topmost loser while Aatmanirbhar Laghubitta Bittiya Sanstha Limited gained the highest percent of its market price on the day.
