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ECONOMY

NEPSE drops 1.54 points, daily turnover reaches Rs 6.44 billion

During the session, the benchmark index fell to 2,702 points within the first two hours and 20 minutes of trading but later recovered to close at 2,733.49 points.
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By REPUBLICA

KATHMANDU, June 9: The Nepal Stock Exchange (NEPSE) ended trading on a slightly negative note on Tuesday, slipping by 1.54 points after recovering from an earlier intraday low.



During the session, the benchmark index fell to 2,702 points within the first two hours and 20 minutes of trading but later recovered to close at 2,733.49 points.


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Despite the marginal decline, market turnover increased significantly, reaching Rs 6.44 billion.


Hydropower, hotels, other, and manufacturing groups helped stabilize the market, while the banking subgroup remained unchanged. Finance stocks saw the sharpest decline, falling by 1.01 percent.


Of the total traded companies, the share prices of 105 firms increased, while 151 declined. Sopana Pharmaceuticals and Khani Khola Hydropower hit positive circuit limits, whereas Crest Micro Life Insurance recorded the steepest loss, falling by 9.16 percent.


Market activity remained strong despite the slight drop in the overall index.


 

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