KATHMANDU, April 7: Nepal Stock Exchange (NEPSE) on Tuesday slid marginally by 2.61 points to close at 2,757.40 points, as a correction for the 83.33 points rise on the previous day.
The secondary market opened at 2,760 points initially and gained five points in the pre-opening session. The index spiked up to the day’s high at 2,794.95 points in the first 10 minutes. The market fell to as low as 2,751.98 points in the next one and a half hour before reaching the day’s low at 2,745.18 points in the last 13 minutes. The market however recovered around 12 points in the remaining period before it closed for the day.
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Four groups were the gainers with hotels and tourism adding the largest of 81.16 points, which was followed by others, hydropower and banking sectors. Of the losers, the trading index plunged by the largest of 72.83 points.
The sensitive index which measures the performance of ‘A’ class companies also declined 0.78 points. Daily turnover stood at Rs 6.73 billion, heavily down from Rs 10.92 billion.
Among the individual companies, 82 were the gainers and 175 were the losers. Ngadi Group Power Ltd had the largest turnover of its shares worth Rs 242.26 million.
NIBL Growth Fund with a decline of 7.08 percent in its market value was recorded as the highest loser. Three companies including Bhujung Hydropower Limited, Super Khudi Hydropower Limited and Swet-Ganga Hydropower and Construction Limited were the topmost gainers of 10 percent.
