KATHMANDU, July 20: Nepal Stock Exchange (Nepse) on Thursday declined marginally by 1.31 points to close at 2,163.92 points.
The secondary market opened at 2,165.24 points and gained 14 points to hit the day’s high at 2,179.72 points just in the first five minutes of trading. But the market went into a straight fall and reached as low as 2,153.51 points in the next one and half hour. In the remaining trading hours, the market fluctuated finally adding around 10 points to close for the day.
NEPSE declines by 8.24 points; daily turnover falls to Rs 3.71...
Stockbrokers termed the marginal in the Nepse index as the market correction. “Following the gains in the past four days, investors sought to book their profits,” said a stockbroker.
Despite a fall in the market index, the sensitive index that measures the performance of blue chip companies added 0.05 points. The daily turnover declined to Rs 3.052 billion from Rs 3.348 billion on Wednesday.
Five out of 13 trading groups added in their market values. Trading index got an additional 177.66 points and posted the largest gain. Of eight losers, non-life insurance shed the highest of 132.07 points.
Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 142.31 million. Bishal Bazaar Company Limited gained the highest of 10 percent of its market price, while Citizens Mutual Fund-2 was recorded the topmost loser.
