KATHMANDU, June 28: Nepal Stock Exchange (Nepse) on Wednesday fell 35.37 points to close at 2,150.99 points.
The secondary market opened at 2,186.36 points and crossed 2,200 points in the first five minutes. However, it went downhill to hit the day’s low at 2,154.67 in the first two and half hours. The index in the next moment escalated upward with 28 points, followed by the decline of 34 points to close for the day.
According to stockbrokers, the market index declined mainly due to the hassles faced by the government to pass the budget from parliament. A number of political parties had been showing their dissatisfaction over the government presented budget for 2023/24.
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In the intraday trading, 188 listed companies lost in their market value while 36 companies were recorded as gainers. The sensitive index that measures the performance of the blue-chip companies also increased a notable 9.76 points.
Out of 13 trading groups, only life insurance was the gainer. Of the remaining 12 losers, hotels and tourism and microfinance lost three-digit points.
The daily turnover amount increased to Rs 5.972 billion from Rs 5.476 billion on Tuesday.
Among individual companies, Himalayan Life Insurance Limited had the largest transaction of its shares worth Rs 837.036 million. Ingwa Hydropower Limited was the topmost loser while Himalayan Life Insurance Limited gained the highest percent of its market price.
