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Stock market

NEPSE closes 12.95 points lower

Market turnover plunged 36.52% to NRs 4.72 billion, with microfinance emerging as the only sectoral gainer.

-the_farsight |

The Nepal Stock Exchange (NEPSE)  lost 12.95 points on Thursday closing at 2,652.58 points. During the trading session, the benchmark index reached an intraday  high  of 2,671.17 points before retreating. 

Market turnover declined sharply, falling by NRs 2.72 billion (36.52%) to NRs 4.72 billion, compared to Wednesday’s NRs 7.44 billion. 

A total of 349 scrips and 1,23,73,841 shares were traded. 

Among the sectoral indices, all index closed in negative territory except microfinance, which recorded a marginal gain of 0.09%. Development banks led the losses with a decline of 0.70%, followed by hydropower (0.68%), manufacturing and processing (0.62%), banking (0.57%) and hotel and tourism (0.43%). 

Prabhu Mahalaxmi Life Insurance  emerged as the top gainer of the session, rising by 2.97%, followed by Kumari Sabal Yojana (2.96%), Snow Rivers  (2.86%) and Asian Hydropower   (2.70%). 

On the losing side, KBL Debenture 2086 recorded the steepest declined of 5.09%, followed by Chirkhwa Hydropower  (4.61%), Himalayan Reinsurance (3.75%), and Bhujung Hydropower (3.65%). 

Ankhu Khola Jalvidhyut  topped the turnover with transactions of NRs 181.92 million, followed by Nepal Reinsurance (NRs 147.55 million), Ghalemdi Hydro (NRs 140.33 million), and Api Power  (NRs 139.68 million) making them the most actively traded stocks by transaction value during the session.

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