KATHMANDU, Feb 27: Nepal Stock Exchange (Nepse) on Monday fell marginally by 3.65 points to close at 2,023.54 points.
The secondary market opened at 2,027.19 points and escalated by around 16 points in the first few minutes of the trading started. However, the market went downward in the next moment and hit as low as 1,990.94 points, before the market recovered again by an additional 33 points to close for the day.
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According to stockbrokers, the market was affected by the political uncertainty seen in recent days. In the new development on Monday, the CPN-UML pulled itself out from the government.
In the intraday trading, a total of 135 companies lost in their market value, while 71 companies were gainers. The sensitive index that measures the performance of blue chip companies slid a marginal 0.84 points.
The daily turnover amount was recorded at Rs 1.893 billion, down from Rs 2.525 billion on Sunday. Five out of the 13 trading groups, including hotels and tourism, ‘others’, trading, non-life insurance and mutual funds were the gainers. Of the remaining, microfinance plunged 39.38 points, the largest among the losers.
Regarding individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 66.808 million. Rapti Hydro and General Construction Limited was the topmost loser, while Swabhimaan Laghubitta Bittiya Sanstha Limited was registered as the biggest gainer of the day.