Nepse bids farewell to 2079 BS with a fall of 29.07 points, daily turnover drops to Rs 1.65 billion

KATHMANDU : Nepal Stock Exchange (Nepse) ended the Nepali Year 2079 on a negative note, with the market index losing double-digit points on Thursday.

The secondary market on Thursday plunged 29.07 points to close at 1,934.47 points. The market opened at 1,963.55 points and dipped 20 points in the first 15 minutes of the trading. In the next moment, the market soared 38 points, which however was followed by a successive fall in the remaining trading hours.

According to stockbrokers, the market index witnessed a drop after the investors rushed to book their profits out of the notable gain in the stock prices in the past two days.

All the 13 trading groups had their market prices declined. Non-life insurance, life insurance and manufacturing and processing lost three-digit points.

In the intraday trading, 186 listed companies were the losers, while 30 companies added value to their market prices. The sensitive index that measures the performance of the blue chips companies declined 5.72 points.

Along with a notable fall in the market index, the daily turnover also decreased to Rs 1.65 billion from Rs 1.97 billion on Wednesday.

Among individual companies, Shivam Cements carried out transactions of its shares worth Rs 84.28 million and was at the top of the list. Siddhartha Investment Growth Scheme-2 lost the highest percentage of its market price, while Adarsha Laghubitta Bittiya Sanstha Limited was the biggest gainer.