KATHMANDU, April 16: Nepal Stock Exchange (NEPSE) on Thursday plunged 33.83 points to close at 2,833.03 points on profit booking by investors from the previous day’s gain.
The secondary market opened at 2,866.87 points and added three points in the pre-opening session. As the market opened for trading, the market went to a straight fall and reached day’s low at 2,823.41 points in two and a half hours. The market witnessed nominal fluctuations and recovered around 10 points in the remaining period before it closed for the day.
Profit booking corrects NEPSE by 24.45 points, daily turnover i...
All the sectors posted as losers as manufacturing and processing plunged by the largest of 180.40 points. Non-life insurance and life-insurance also shed three-digit points of 145.58 points and 117.02 points, respectively.
The sensitive index, which measures the performance of ‘A’ class companies, also declined 4.41 points. Daily turnover dropped to Rs 9.31 billion from Rs 10.53 billion.
Among the individual companies, 31 were the gainers and 236 were the losers. Reliance Spinning Mills Limited had the largest turnover of its shares worth Rs 618.04 million.
Sindhu Bikash Bank with a decline of 9.47 percent in its market value was recorded as the highest loser. Two companies including Ridge Line Energy Limited and Suryakunda Hydro Electric Limited were the topmost gainers of 10 percent.
